Business For Sale

Equipment Rental and Mini Storage

Not Disclosed, IA

Central Iowa

Asking Price: Annual Revenue:
$1,620,000 $580,234

Services: Rentals - Party, Equipment

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RE: Equipment Rental and Mini Storage Broker: Mike Schoville
License #: IA Real Estate Commission

Quick Facts

Asking Price: $1,620,000
Annual Revenue: $580,234
Net Profit: $29,157
Cash Flow: $9,706
Total Debt: Not Disclosed
FF&E: $975,000
Real Estate: $645,000
Year Established: 1976
Employees: 4
BBN Listing #: 206953881
Broker Reference #: 8616RH

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Business Overview:

Turn Key business with management in place. This is one of the cleanest and well organized rental businesses in the state and the only rental store in this county. The company provides quality, well maintained equipment for commercial and residential clients.

As an additional revenue source the business manages multiple mini-storage units on site.

This opportunity could work well for an individual or larger rental company wanting to expand and add an additional location.

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Property Features and Assets:

Asset Sale: The business has been priced on the value of the assets. Business rental equipment is currently estimated to be worth $875,000 and originally cost $1,130,332. The other business assets such as furniture, fixtures and equipment are estimated to be worth $100,000. The real estate is priced at $645,000 and includes the main building (9,000 sq. ft.) with the show room and shop. There are three other buildings with a total of 58 storage spaces on the property. There is also room for some additional mini-storage units that could be constructed for additional rental income. Depending on the plans of the new buyer, the equipment list could be adjusted up or down which will increase or decrease the selling price.

Market Competition and Expansion:

Market Opportunities • Owner operator could promote rental and new equipment sales through additional marketing not currently being used. • Add additional lines of new products to be sold. • Build additional mini-storage units.

Reason for Selling:

Another business requires more time.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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