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Equipment Rental Business - Commercial, Residential & Party Goods

Michigan
listing image
Asking Price:$975,000
Gross Revenue:$1,100,000
Rent:$5,000/Month
Established Year:1988
Cash Flow:$275,000
Inventory:$30,000
FF&E:$850,000
Listing ID: 2103211Listing provided by BizBuySell
BUSINESS DESCRIPTION

The company was founded by the current owners over 30 years ago and has grown and evolved into the current operation. The company rents, sells and services hundreds of items including lawn & garden equipment, automotive equipment, contractors equipment such as backhoes, bobcats, trailers and compaction equipment. The company is also well known in the region as the "go to" place for party rentals including canopies, tables, chairs, food & drink equipment, lighting and even dance floors. The company enjoys a strong history of repeat customers with sales being generated from an inside sales force along with a strong internet website. A diverse sales base allows for no one customer accounting for more than 5% of annual sales volume. The dedication to quality and service is what sets this company apart from competitors and would make a strong addition to another rental business looking for a strategic acquisition or an owner operator seeking a solid business opportunity. A unique opportunity to acquire a strong company with a solid service history and reputation. Sellers will consider all proposals for merger or acquisition.

DETAILED INFORMATION
Location
Michigan
Inventory
Included in asking price
Real Estate
Leased
Building SF
7,920
Lease Expiration
30/12/2024
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The company operates from two buildings comprised of 7,920SF situated on approximately 2 acres on a major thoroughfare. All commercial, industrial, residential rental equipment and party goods items are included in the asking price. Any new equipment held for resale is in addition to the asking price.
Competition
This company is the only full service rental equipment/party goods center operating within a 35 mile radius of the stores' location. Due to the history and types of equipment available, customers do come from more than 50 miles away to obtain specialized equipment and or service.
Growth & Expansion
There is opportunity for growth by adding a larger variety of equipment to the rental fleet, plus the demand for party goods rentals currently exceeds the owner's ability to accommodate all of the requests for this part of the business.
Support & Training
The seller will provide adequate training and orientation in the business as part of the total sale price.
Reason for Selling
The owners are looking to slow down in anticipation of retirement.
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Roger Rumble
The Stratford Associates, Inc.
Phone Number
Roger Rumble
Call Phone