Hot Listing
Tool and Equipment Rental, Sales, and Service
Business Description
This business is a prominent player in the Tool & Equipment Rental industry, recognized for its robust rental services, retail sales and equipment servicing. With approximately 52% of its revenues derived from rentals and 39% from retail sales, the company established itself as a reliable provider of high- quality equipment to a diverse range of customers, including commercial entities, homeowners and municipalities. The company maintains a strong gross profit margin of 55% on average over the past three years, reflecting its operational efficiency and pricing strategy.
The business caters to a wide customer base, with around 65% of its revenue generated from commercial clients and 35% from homeowners. The company services their own as well as their customers equipment, which sets it apart from competitors and underscores its commitment to customer satisfaction and long-term client relationships.
Included in the sales price is rental equipment of approximately $1.8M and shop equipment of aprox. $65K. . There is an additional $1.3M cost value of new retail equipment for resale.
The business caters to a wide customer base, with around 65% of its revenue generated from commercial clients and 35% from homeowners. The company services their own as well as their customers equipment, which sets it apart from competitors and underscores its commitment to customer satisfaction and long-term client relationships.
Included in the sales price is rental equipment of approximately $1.8M and shop equipment of aprox. $65K. . There is an additional $1.3M cost value of new retail equipment for resale.
About the Business
- Years in Operation
- 40
- Employees
- 5
- Facilities & Assets
- The building and property are available for sale along with the business. The business operates out of a 7,000 sq. ft. tilt up sitting on close to a 1 acre parcel of land.
- Market Outlook / Competition
- This business is the dominant Tool and Equipment rental business in the general area, with greater selection and a loyal and dedicated customer base.
- Opportunities for Growth
- The business can grow by extending their limited weekend hours; investing in additional and more sophisticated heavy equipment; and extend out their equipment delivery.
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
About the Sale
- Seller Motivation
- After almost 40 years the owner is looking to retire.
- Transition Support
- The owner will train the new buyer for up to 25 hours per week and for up to 6 weeks to assist with a smooth transition.
Listing Info
- ID
- 2286044
- Listing Views
- 3617
Listing ID: 2286044 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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