SE-Michigan Equipment Rental & Sales(SOLD)

Okemos, MI (Ingham County)

Executive Summary

Asking Price:$3,500,000

Cash Flow:$636,000

Gross Revenue:$1,565,000





SE-Michigan Equipment Rental & Sales(SOLD)

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Business Description

Company’s roots can be traced to the suburban Detroit area for nearly two decades. This Southeast Michigan Company has been the leading provider of industrial equipment to SE Michigan and neighboring Ohio. The business is nested in a 6,000 sq. ft facility in a light industrial area with modern state of the arts equipment, accessible to major roads. The owner is eying retirement and poised for transition. The business is well positioned for a smooth transition with superior technician’s and sales force and management staff in place.

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Detailed Information

Included in asking price
Tucked in a 6,000 sq. ft industrial building on a 1.7 acre lot.
We know the current market potential for our line of business is only partially reflected in our historically-based financial projection for 2015. Certain rental equipment additions and planned construction for 2015-2016 will enhance our revenues for the near future.
Growth & Expansion:
As Michigan continues to edge out of the recession, the construction industry is projecting a startling growth of 9.3% in the next five years. Such improvements were especially corroborated with the number of constructions, renovations, expansions and maintenance projects across the board. This company enjoyed a 51.6 % and 30% revenue growth from 2013 to 2014 and 2012 to 2013 respectively. Industry growth will depend on offerings, quality of equipment, customer service, markets position and local competition.
Not Available
Support & Training:
Seller is willing to provide training to the buyer

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Paul Saah, MBA, G.S.B.B

Business Listed By:
Paul Saah, MBA, G.S.B.B

Century Business Brokers & Advisors

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