This growing and exciting business provides renting of niche equipment to a long, diversified and prestigious client list. Rentals are primarily B2B with some B2C. This service business is a unique and niche opportunity for any entrepreneur or strategic buyer in a related or complementary type business. This business is projected to grow more than 22% in 2016 and has no customer concentration issues. The company maintains a reasonable amount of rental inventory and all equipment is in good working condition and will convey with the sale.
In addition to renting equipment, the owner has developed a manufacturing process to provide both equipment and supplies to several of its principal products and services. These items deliver higher than normal profit margins, provide the company with a competitive distinction in the marketplace and have helped to solidify the company's market dominance.
The company markets its products and services through a large array of websites, and also offers them via partner websites like Amazon.
Operations: The equipment/supply items are stored and shipped from a small warehouse located near the owner's home in New Jersey. The current owner does not visit client sites, nor do client's come to buy or pickup any goods from the warehouse. All orders are provided via FEDEX. The business is 100% relocatable and has changed locations in the past. For a new owner, operations can be relocated because the provision of where the equipment is supplied from/returned to does not impact the clients, and there are no strategic employees that need to transfer with the business.
Employees: The current operations are performed principally by the owner. For busy times or during a period of the owner's absence (days off, vacation, etc.), a part-timer is brought in to assist in the operations of the business. As the company continues to grow, the addition of a part- to full-time staffer may be needed, but their salary would easily be covered by the addition of new business.
Financing: Based on the fact that this business has been pre-qualified for SBA lending and the fact that the revenues have grown since its inception in 2004, broker expects this business to sell quickly.
Asking Price $875,000
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