Seasonal 8-Month Niche Equipment Rental Business

Springfield, MO
Greene County


Asking Price: Annual Revenue:
$549,000 $358,188

Services: Non-classifiable


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RE: Seasonal 8-Month Niche Equipment Rental Business Broker: Jerry Myers
Owner Financing is Available!
This business qualifies for SBA financing since it has good books and records and is priced appropriately for its cash flow (Discretionary Earnings). Being able to use SBA-guaranteed financing means a much lower down payment and much longer repayment terms. The estimated down payment for this business is $60,164, assuming $35,000 is also borrowed for working capital, and SBA loan expenses added to the loan of $17,640. The down payment for an SBA loan must be in unborrowed funds. The seller will consider providing some seller financing if required by the SBA lender.

Quick Facts

Asking Price: $549,000
Annual Revenue: $358,188
Net Profit: $193,343
Cash Flow: $193,343
Total Debt: Not Disclosed
FF&E: $150,000
Real Estate: Not Disclosed
Year Established: 2003
Employees: 23
BBN Listing #: 156634791
Broker Reference #: 42014311

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Business Overview:

• Business is well established and widely known in the area
• Well-managed, easy to operate business, but extremely busy during the summer
• Steadily growing cash flow
• Business does not operate during 4 months in the winter
• High repeat business – over 50% each year
• Sales could be increased if additional rental units were purchased and made available to customers
• This business requires no inventory
• Seller will train
• SBA financing available, which means lower down payment requirements and longer terms
• Seller will sign a non-compete agreement
• Fun, exciting business to operate

Products and Services Offered
Rental of specialty equipment and provision of special services. This is a specialty niche business with services that are in constant demand regardless of the condition of the economy.

Marketing
Currently, the business primarily relies on their reputation and word of mouth to promote their services, and have spent virtually nothing on advertising and marketing. Similarly, the company does not have a specific program of contacting all prior customers each year but knows they should have such a system in place.

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Property Features and Assets:

The company rents some storage space at a local self-storage business, and stores other items at their home. The purchase price of a business should include all the assets used in the business to produce the Discretionary Earnings on which the value of the business is based, including the furniture, trade fixtures and equipment, vehicles, the name of the business, and other intangible assets such as its phone number, website and email addresses, as well as the goodwill which has built up over the years. The seller estimates that the value of the equipment and other tangible assets used in this business is approximately $150,000.

Market Competition and Expansion:

Growth Opportunities Adding more rental units available would increase sales, since most weeks during the season multiple customers have to be turned away. Additional personnel might also have to be added if sales were increased. Competition The sellers believe their primary competition are two local companies, although each of those two competitors have a different focus than does this company, so the sellers say they rarely are in a position of having to compete against another company.

Reason for Selling:

New Business Venture Planned.

Additional Details:

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

Documents:

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