Equipment Rentals & Sales - $4 Mil Equipment + RE

Not Disclosed, WA
Snohomish County

Asking Price: Annual Revenue:
$6,600,000 $2,800,000

Services: Rentals - Party, Equipment

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RE: Equipment Rentals & Sales - $4 Mil Equipment + RE Broker: Gregory Kovsky
Owner Financing is Available!
The seller will finance a portion of the transaction for a qualified buyer.

Quick Facts

Asking Price: $6,600,000
Annual Revenue: $2,800,000
Net Profit: Not Disclosed
Cash Flow: $1,300,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 29635781
Broker Reference #: ERS2021

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Business Overview:

This business a heavy equipment rental & sales company with an established customer base of government, construction, and commercial companies. Specializing in longer term rentals, a significant majority of rentals are on a weekly or monthly basis. The earthworks & commercial equipment commonly rented & sold by the company includes boom lifts, bulldozers, compact dump haulers, excavators, forklifts, loaders, rollers, scissor lifts, and sweepers. The company has a reputation in the marketplace for renting high quality, clean equipment and a business model for selling the equipment when financial analysis has determined it has reaped its maximum return on investment prior to deterioration in market value of the rented asset. The business is owned by an experienced, industry entrepreneur who will pass on the established knowledge & systems employed by the business. The business model & systems can be duplicated in other geographic regions in the Puget Sound by a party with the entrepreneurial vision and necessary capital. If ownership did not desire to sell to facilitate retirement goals, they would be currently researching a location for expansion given current American Rental Association projections for industry growth of approximately 10% in 2022 and the strong demand of equipment in the Puget Sound area. 2022 construction & industrial equipment rental revenue is anticipated to approach $39 billion in the United States.

The business is located on approximately 1 ½ acres of land with an approximately 700 square foot office building and an approximately 1440 square foot shop. The property also has a concrete wash pit with associated oil/water separator and drain field. The property is owned by the business owner and can be leased long term at a rate of $5500 per month plus insurance and property taxes. The property can also be purchased for $1,300,000. Additional income of $1000 per month is received by the property owner from a subtenant.

The staff of the business is comprised of seven employees and ownership. The staff is comprised of a mechanic, three drivers, one yard assistant, and a husband & wife ownership team who handle sales, executive management, and bookkeeping.

The sale price includes machinery, equipment, and vehicles with a value of approximately $4.2 million based on ownership assessment and the market value of the items.

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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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