Equipment Rental Company, Retiring Owner

IN

Equipment Rental Company, Retiring Owner
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Asking Price: Get Financing: $350,000

Cash Flow: $40,000

Gross Revenue: $320,881

EBITDA: $30,000

FF&E: $10,000

Inventory: $453,526

Real Estate: $300,000*

Established: 1988

*not included in asking price.

Equipment Rental Company, Retiring Owner

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Business Description

The company has loyal customers who rent tools and earth moving equipment within a five county market. For customers, an alternative supplier would involve excessive transport costs that make it prohibitive to use.
The company is a dealer of professional lawn mowing equipment and provides repair and service parts to those customers.
The company also provides propane filling and is a warehouse for a regional supplier of industrial gases.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
4,800
Employees:
1 FT, 1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
A single story commercial building, 4,800 sq. ft. on two acres of land. Includes a show room, offices, maintenance area, and storage buildings. Plenty of outside parking and equipment layout. Seller personally owns the real estate (approx. 1 acre) and leases the additional 1 acre that could become part of the sale of the real estate. The company is a regional warehouse for a major supplier of industrial gasses. The company is also a dealer of semi-portable car ports and a nationally-recognized brand of zero-turn lawn mowing equipment.
Competition:
This is the only tool and equipment rental company in the area and the company serves the surrounding five counties. There is a major metropolitan market to the north of the served market area.
Growth & Expansion:
The company has experienced sales of over $900,000 in the past, but the seller reduced investment over the past 5 years as he approaches retirement. A new owner could use manufacturer-supported financing to add dirt-moving equipment.
Financing:
Limited amount for qualified buyer seeking bank financing
Support & Training:
30 days included in purchase price.
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Thomas Poyser

Business Listed By:
Thomas Poyser

American Business Investors, Inc.

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Sponsoring Broker:
William Goss

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