Owner Financing is Available!
Business Overview:
The founder/owner/seller of this successful rental business has some health issues forcing her to sell the business which she started from scratch six years ago. The business deals in a wide array of rental items including home owners’ equipment, large contractor equipment, party supplies, tents, lawn and garden equipment and the like. Additionally, there are other profit centers (included in the sale), namely hearth sales, small engine repairs and a U-Haul franchise. The business has consistently recorded annual revenues exceeding $500,000. The Seller Discretionary Earnings reached a record $100,000 in 2011. The business occupies an attractive, well located 5100 sf space with a favorable rental rate which represents just 5.0% of revenues.
The $495,000 listing price for the business includes the well maintained rental inventory with a value in place of $270,000; other furniture, fixtures and equipment (i.e. non-rental items) of $40,000; and a guaranteed resale inventory level of $30,000.
This is a great opportunity for a buyer to step into a well established, recognized and respected operation in a desirable SE Michigan community. The meticulously cared for array of equipment along with an onsite owner/operator will enhance the prospects of growing this already successful business.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Health
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.