Seller's Contact Information
- RE: Long Established Equipment Sales & Repair
- Contact: Michael Floorman
- License #: 01160661
Quick Facts
Asking Price: | $189,000 | |
Annual Revenue: | $511,863 | |
Net Profit: | $115,671 | |
Cash Flow: | $115,671 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 1976 | |
Employees: | 2 | |
BBN Listing #: | 1703931 | |
Broker Reference #: | 11057 |
Business Overview:
This equipment sales and service business has been established for over 40 years with an excellent reputation in the industry. They sell and repair equipment including underground tools, concrete breaking & cutting, concrete finishing equipment and landscaping equipment, etc. There are very few competitions nearby. Current owner has been running the business for over 20 years and now is ready to retire. He is the main mechanic right now. The business was impacted during the pandemic but now it’s picking up and on its track back to normal. All repairing equipment and $140,000 inventory are included in the price. This would be a great opportunity for a mechanic in the same industry to start a business at low cost with long term customers. #11057
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Property Features and Assets:
The current lease is month to monty, a new lease is available, Rent $5,500 Square Feet 5,000, SBA pre-Approved Hours Monday thru Friday from 7:30 to 4:30 pm, Closed Saturday and Sunday
The amounts shown as Annual Revenue and Cash Flow are for 9 months ending December 2023
Reason for Selling:
Retirement
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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