Equipment Rental Business with Penske Truck Rental Outlet
| Asking Price: | $395,000 | Inventory: | $25,000 ++ |
| Gross Revenue: | $400,000 (comments below) | Real Estate: | $750,000 ** |
| Cash Flow: | $120,000 (comments below) | FF&E: | $300,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
| Gross Revenue Comments: Total Income | |||
| Cash Flow Comments: Sellers Discretionary Earnings | |||
Founded in 1988 the company rents a full range of tools, equipment and party goods to businesses, contractors and individuals. As a Penske Truck Rental representative the company is able to generate considerable revenue annually from not only the handling of the truck rental business, but also the sale of supplies and rental of other equipment such as moving dollies, tie down straps, etc. The affiliation with Penske Truck Rental helps the company generate business from throughout the entire southwestern Michigan and Northern Indiana region. The highly visible, easily accessible location is near a high traffic intersection on a state highway at the Western edge of a major city. All equipment is maintained and serviced on site by a dedicated and seasoned group of employees. A unique opportunity to acquire a company with a solid history and reputation for quality and performance. The owner will consider all proposals for merger or acquisition.
About the Business
Year Established:1988
Employees:6 full time - 1 part time
Facilities:The business operates from a 10,000 SF leased facility comprised of a main showroom/administrative area with a separate 3 building complex to accomodate equipment maintenance and indoor storage of the majority of rental equipment. The business owner also owns the real estate, and will offer a long term lease or sale of the facility, at a buyer's preference.
Market Outlook and Competition:The only equipment rental store in the area, located at the western edge of a growing community. High traffic state highway location, and growing commercial and residential neighborhoods contribute for the continued demand for this type of business in this location. One of only three Penske Truck Rental outlets in the region also continues to generate strong revenues.
About the Sale
Reason For Selling:The owner has several other business interests out of the state, and does not have time to manage this company.
Seller Financing:The Seller will consider terms to a qualified buyer.
KEYWORDS: Rental equipment, truck rental, party rental, tools & equipment
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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