Florida equipment rental business with 12 employees | ROI 27%
Company description
Business that is engaged in renting and leasing things is now for sale. It offers a vast number of goods that can be rented, ranging from cots to medical lifts and audio systems.
You can also count on food and various dishes delivery to events and private parties. Summing up, it is a universal rental company that will be of great help in any situation. This business has been existing for 25 years, 23 years it is being run by the current owner.
High rates of profit and competitiveness prove that professionals are working in this business and know their job perfectly. This greatly simplifies the work of the business owner. He needs to deal with the most important management issues only, which take about 40 hours a week.
Terms of offering
The price of this business is $1,650,000, it includes tangible assets worth $484,000 and vehicles worth $184,000.
Good performance and a possibility of obtaining a credit, give a 100% guarantee that the buyer can expect to receive an SBA loan in the amount of $1,320,000 for 10 years.
Once the transaction is completed, the previous owner is ready to assist the new owner for 2 weeks to help to understand the workflow.
Financial indicators
2019 (preliminary data) | 2018 | 2017 | |
Revenue | $1,517,886 | $1,355,178 | 1,464,431 |
Profit | $452,652 | $384,796 | $483,922 |
ROI: 27%
IRR: 79%
The constantly increasing financial performance is a strong guarantee of a successful future of this investment.
Company management
There a small number of people on the team – only 12 people. There is no need for a manager for this type of business and such a highly qualified staff who know all the working processes minutiae. The business owner can solve all significant management issues.
Fixed assets
This business rents a premise with a total area of 7,500 square feet (682 square meters). The rent is 6% of the revenue. This data is slightly below the average rental rates in Florida, which are 10%.
The previous owner invested $300,000 in the latest equipment.
Immigration opportunity
You can obtain the status of a US resident status (a green card) because:
- High financial indicators are continually growing, so they show that the company is to prosper in the future.
- Highly qualified employees who do their job perfectly.
- The long operational period of the company during which there was accumulated a huge customer base of regular users.
You should not miss the main point – constant consultations with your immigration consultant. This person plays an important role in your successfully obtaining a green card.
Market description and growth prospects
The development of the economy, as well as the need for equipment rental companies, is constantly growing around the world and the state of Florida is no exception.
It is not always possible to buy a particular thing or equipment, or it is not necessary because the equipment is needed for one evening only. Then the best solution is to rent it. Sometimes the list of everything you need to buy is very large because many things are required – then the best solution is to rent.
Next step
The offer, made by Florida Buy and Sell Business Brokers, is confidential. It is important to fulfill several conditions:
- Sign a confidentiality agreement.
- Provide information on the presence of the full sum of money on your accounts.
Agent Information
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