50 Year Old Rental Business - Excellent Reputation - Price Reduced

Lenexa, KS (Johnson County)

Seller Financing Available
50 Year Old Rental Business - Excellent Reputation - Price Reduced
Contact Seller

Asking Price: $575,000

Cash Flow: $211,709

Gross Revenue: $1,243,185

EBITDA: $114,617

FF&E: $755,015

Inventory: $2,310*

Rent: $4.41 /Month

Established: 1965

*not included in asking price.

50 Year Old Rental Business - Excellent Reputation - Price Reduced

Save Print Share Valuation Report

Business Description

This rental company is one of Kansas City's finest and largest. 50+ years and an excellent reputation make up a solid base for a new owner to build upon. The business currently operates with an absentee owner. The performance will improve and profits will increase with an owner that is involved daily. Sales have increased steadily year after year 7% - 2017, 11% - 2016, 8% - 2015, 10% 2014.

Office hours are Monday through Friday 8 am to 5 pm. Organizational skills and attention to detail are needed. Communication and the ability to interact with consumers is critical. The operation requires a general understanding of business and staff management skills.

A large capital investment has been made in the rental equipment. The asset value alone makes up 80% of the purchase price. This company has continually reinvested back into its rental equipment to ensure positive customer experience. Equipment is well maintained and in good repair which is the employee focus during slower periods. Knowledge and the understanding of maintenance and general repair work would be beneficial to an owner.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building SF:
25,000
Lease Expiration:
7/31/2020
Employees:
15
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Consumers feel very comfortable visiting this well-maintained, award-winning, upscale Johnson County location. Easy access to KC's highways is convenient for customers and efficient for staff when delivering products.
Competition:
A strong reputation has been established over many years. Generations rely on this establishment to provide quality products and services during very special, once in a lifetime events. Regular clients include some of Kansas City's largest, very well known companies and organizations. High profile individual clients also rely upon the business for special events.
Growth & Expansion:
Over recent years minimal efforts have been invested into promoting the business. This operation needs an owner that can allocate resources to networking with a concentrated audience who fuel the industry. Improvements can also be made in profitability by reducing expenses to align with industry standards.
Financing:
6.5% - 10 years
Support & Training:
The Seller will provide on-site transition training for up to 30 days and consulting by phone as needed for 60 days at no additional charge. Any additional assistance is subject to a mutually agreeable consulting agreement
Reason for Selling:
Retirement
Contact Seller

Contact the Seller

Contact Seller Loading

Chris Kerth

Business Listed By:
Chris Kerth

Murphy Business & Financial Corporation

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1536808 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


One Way Property Restoration

Franchise Opportunity In KS
Capital Required: $30,000