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Equipment Rental In California
Location: United States -> California -> Northern California - Bay Area
Industry: Business Services > Equipment Rental and Leasing




Business Summary

Located in beautiful San Francisco, California, this equipment and tool rental company earned a 60% profit margin in 2018! The business holds over $6,000 in depreciated assets including electrical tools, lifts, forklifts, lighting, traffic control, and more. From hand tools to large scissor lifts, this company has many items electrical and general contracts require for safe and effective projects. The largest revenue streams are rentals (70%), repair service (13%), and sales of new and used equipment (11%). In business since 1957, this dynamic company has earned many trusted relationships with vendors and customers alike, working with many major brands, general contractors, electrical contractors, and unions. Many long-term clients have been with this business for fifty years and several have on-going service contracts for the maintenance of equipment. The owner currently works part-time and focuses on sales and financial oversight.

Operations are managed from the 6,000 square foot facility located in a spot close to major throughways making it easy for those shopping in-store or for the company to deliver items directly to customers. The space features a sizable warehouse and storage area with a roll-up door, perfect for the large inventory items. Additional amenities include a service counter, office, break room, workshop, mezzanine, alarm system, and security cameras.

Revenues are weighted heavily in rentals at this time, but areas for growth could include boosting service contracts, the sales of used and new tools or equipment, as well as increasing repairs, either at the company or on-site a customer's business.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,180,508
Cash Flow:   $711,736
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $725,000
Seller Financing:  Yes

About The Business

Year Established:  1957
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  90 days
Reason For Selling:  Retirement strategy

Photos

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Equipment Rental In California Photo 1




Print Listing Id: 700342056
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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