Equipment Rental and Property Maintenance
Location: West Virginia
Industry: Business Services > Equipment Rental and Leasing
Financials
Asking Price: $1,280,000
Gross Revenue: $810,346
Gross Revenue Comments: Up 24% in 2007
Cash Flow: $305,000
Cash Flow Comments: Fiscal YE 2007
FF&E: $853,105 (Included in Asking Price)
Real Estate: $850,000 (Not Included in Asking Price)
Seller Financing: 10% for qualified buyer, real estate as collateral
Business Summary
Long established and well managed equipment rental and contract service business. Very profitable business that serves general retail clients as well as general contractors. Also has a separate contracting business that works in conjunction with the rental business that sends operators out with machines. They also maintain other year to year contracts and provide service with the equipment that is in the rental fleet. This side of the business has accounted for approximately 20% of overall business and could expand easily with a market plan. Good day to day manager and staff in place. Over $400k of equipment recently purchased with the balance very well maintained. Real estate is available for purchase with the sale. Several acres with room to grow. SBA and conventional financing prequalified.
About the Business
Year Established: 20
Employees: 7 full time - 1 part time
Facilities: Several acres of land with room to grow. Four bay garage/storage/repair/ warehouse and two offices. Also a six bay garage. Located on main highway in commercial/industrial area.
Market Outlook and Competition: Limited competition and stable market. Large advantage over competition due to large inventory of equipment. Renting equipment offers independence to customers. It enables the customer to complete projects without unnecessarily purchasing equipment. The customer does not have to store or maintain the equipment. Also, rental equipment is generally more powerful, better built and more thoroughly tested than equivalent products offered to consumers. For these reasons, this industry offers growth even in economic downturns.
About the Sale
Management Training and Support: Negotiable
Reason For Selling: Retirement

List Your Business for Sale | This listing has been viewed 571 times

advertisement
Listing Tools
BizQuest ID:861471
Seller ID:5037
Business Listed By
Name:Rich Hanula
Company:Grant Street Business Advisors Inc.
Recommended Resources
Sponsored Links
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.