Profitable Niche Equipment Rental Company-Tremendous Growth Potential

Morris County, NJ (Relocatable)

Profitable Niche Equipment Rental Company-Tremendous Growth Potential
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Asking Price: $1,100,000

Cash Flow: $333,152

Gross Revenue: $399,004

EBITDA: N/A

FF&E: $793,500

Inventory: N/A

Rent: $3,000 /Month

Established: 1999

Profitable Niche Equipment Rental Company-Tremendous Growth Potential

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Business Description

This is an established niche equipment rental company, one of few companies in the U.S. with these types of offerings for multiple environmental industries and field applications, including but not limited to: Geotechnical & Environmental, Oil & Gas, Mineral Exploration and Rock Coring, Forestry & Land Clearing, General Construction, Utility Transmission & Distribution and Mining & Dust Suppression.

All Rental Equipment (current value $793,500) included in asking price. The company was incorporated over 20 years ago and has steadily grown the customer base and equipment owned over this period.

This would be a perfect bolt-on for any existing rental company. This business could be easily relocated to an existing facility.

Company offers a diverse fleet of high quality equipment units for a variety of needs. This type of specialty equipment retains high resale value.

Company has a solid reputation and large client base. On-site immaculate shop and highly skilled technical team accommodates repair, service, maintenance, and training on their rental units.

Both owners will stay on as needed during the transition and one can be sourced on a contractual basis for an unlimited amount of time. The other owner is willing to stay on as an employee or equity owner of the new company.

Current lease ends July 2019 or can be initiated early (4 month notification escape clause). This business is easily relocated.

Detailed Information

Location:
Morris County, NJ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
7/31/2021
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Office and Garage SF: 1,500 sq footage inside, including fully operational office. Yard is approx 7,000 sq ft. All Rental Equipment (current Value $793,500) Included in asking price.
Competition:
The growth potential has tremendous upside; only a few companies are rent/leasing this type of equipment nationally; clients often travel 1,000 miles and more for this equipment.
Growth & Expansion:
Growth opportunities are to add more clients and equipment, sell supplies that are used in conjunction with the operation of this equipment, and provide repair services for those who currently own their own equipment. The growth potential has tremendous upside; only a few companies are rent/leasing this type of equipment nationally; clients often travel 1,000 miles and more for this equipment. The demand for this equipment is due to the lack supply in the market place. This business currently is and will continue to be profitable.
Support & Training:
Both owners will stay on as needed during the transition and one can be sourced on a contractual basis for an unlimited amount of time. The other owner is willing to stay on as an employee or equity owner of the new company.
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Michael Farruggia

Business Listed By:
Michael Farruggia

Synergy Business Brokers

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Sponsoring Broker:
Blake Taylor

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