MergerPlace

Construction & Industrial

Virginia


  • Asking Price: $1,900,000
  • Gross Income: $1,627,912
  • Cash Flow: $704,609
  • Real Estate: Not Disclosed
  • Inventory: $190,000
  • FF&E: $1,440,000
  • Listing ID: #222412
  • Established: 1987
  • Employees: 9 FT

Business Description

Specializing in heavy construction equipment rental for industrial and commercial use, this family-owned and operated business has served southwest Virginia for 33 years. Besides its large rental inventory, the company also offers equipment sales.

For 33 years this business has grown organically and has never had an outside salesman. Their reputation is outstanding.

This business also owns and operates a U-Haul dealership which is a small contributor to revenue.

This company is located in the foothills of the Appalachian Mountains. There are an amazing amount of opportunities to be in nature from fishing to hunting and beyond. Besides nature activities, other recreational and cultural venues exists including theaters, racetracks and a variety of restaurants and shops. Additionally, the area boasts excellent school systems and higher educational options.

Through the sale of this company, the owner is moving towards semi-retirement.


Business Details

Primary Business Category: Services - Other Services
Location: Virginia

Company Information

Year Established: 1987
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 9 FT

Financial Information

Asking Price: $1,900,000
Gross Revenue: $1,627,912
Cash Flow: $704,609
FF&E: $1,440,000
Inventory: $190,000
Seller Financing Available: No

Property Information

Facilities:

The commercial building is 9000 sq. ft. The land is 2.6 acres which provides for an ample area for parking and equipment.

Growth & expansion opportunities:

Residential sales are booming in rural communities. This region reflects this trend and is a major growth area. This increase in construction increases the need for heaving and industrial equipment.

Competition:

They are the largest heavy and industrial equipment rental company in their area and have an outstanding reputation.

Reason for selling:

The owner is selling so he can be semi-retired.

Support & Training:

Will train for 6 weeks @ no cost The main skill required is management proficiency.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Fred Walker

Murphy Business Brokers