Equipment Rental Agency
Mid Valley
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BUSINESS PROFILE |
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The Rental company will be 6 years old in Sept. The Seller saw a need for this type of business and built a large steel facility that could accommodate an Equipment Rental company.....7,000 sq. ft. with 5,000 for the shop and 2,000 retail show room. The Business has a good stead clientele and is growing every day.....The last year and a half have been challenging but the Seller has toughed it out by being on the site every day. The equipment is in excellent condition, better than any rental agency I have seen in the past 10 yrs. There is a pressure wash and steam room that could go mobile and small engine repair room that can be leased out to a private contractor...the seller has done some small engine repair and does most of the companies small repairs. The only competition is 15 miles away and the communities the this business serves are growing exponentially....New VA Hospital, New Med School center, and 200 plus single family residences started.....Newest business in town is Lowe's and several more smaller businesses. This business is ready to grow with or without the economy and presents an excellent opportunity for a creative and energetic buyer.
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RECASTED SUMMARY INCOME STATEMENT |
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| | 2010 Annualized | 2010 | 2009 | 2008 | 2007 | | | Sales | $0 | $0 | $193,208 | $222,567 | $303,708 | | Cost of Sales | $0 | $0 | $10,899 | $15,743 | $69,501 | | Gross Profit | $0 | $0 | $182,309 | $206,824 | $234,207 | | Expenses | $0 | $0 | $242,800 | $230,471 | $329,435 | | Net Operating Income | $0 | $0 | ($60,491) | ($23,647) | ($95,228) | | Depreciation / Amortization | $0 | $0 | $56,608 | $61,727 | $90,671 | | Interest Expense | $0 | $0 | $12,293 | $11,798 | $15,230 | | Officers Salary | $0 | $0 | $15,185 | $30,450 | $30,183 | | Sellers Discretionary Income | $0 | $0 | $31,187 | $4,181 | $9,441 | | TOTAL CASH FLOW
(Seller's Discretionary Earnings) | $0 | $0 | $54,782 | $84,509 | $50,297 |
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PRICE & TERMS |
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| Purchase Price: | $450,000 |
| Down Payment: | $200,000 |
| Inventory: | $9,500 |
| Equipment: | 350,000 |
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LEASE |
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| Base Rent (Includes CAM) | $3,300 |
| Expires: | 1/30/2012 |
| Option(s): | 2 |
| Square Feet: | 7,000 |
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OPERATIONS |
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| Number of Employees: | | Full Time | Part Time |
| Owners | | 1 | |
| Non Owners | | 1 | 1 |
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| Licenses Required: | Business |
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| Hours of Operation | Monday
7am/6pm |
Tuesday
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Wednesday
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Thursday
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Friday
7am/6pm |
Saturday
8an/4pm |
Sunday
Closed |
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MISCELLANEOUS |
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| Reason for Sale: | Retirement |
| Year Established: | 6 |
| Type of Organization: | S-Corp |
| Training: | 3 to 6 weeks |
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Disclaimer: The information herein is compiled from information provided by the Seller(s). NorWest Business Sales makes no representations as to its accuracy or reliability. Prospective Buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.
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