Business Overview

This nearly 40 year old business specializes in commercial equipment rental and distribution and cleaning chemical redistribution serving many Large B2B clients. This business currently has very limited competition, a large and expandable service territory, expected to continue seeing growth, resilient to economic downturns.
This company started as a residential Mom and Pop business, operating out of a 40’ X 40’ metal building with future plans to move to a commercial location. The owners consisted of a veteran and a Fortune 500 sales employee. This business began its operation in 1980 and soon experienced growth and began adding additional service technicians, hiring a permanent secretary, adding sales people and moving to c commercial location.

Fast forward to now owning a commercial location with a 11,000+ square foot building featuring office spaces, a beautiful display lobby, part rooms, warehouse, wash bay and ample storage areas. This business is a distributor of industrial equipment, parts, and chemicals also featuring a full servicing department.

The business reputation is solid in the community, both on the supplier end, as well as the continued growth and loyalty from the customer base. There are large growth and expansion opportunities in South Carolina and Florida, all it needs now is the right leader and new owner behind the wheel.

Potential Growth This business has huge growth opportunities in the Florida and South Carolina Markets. Customers and suppliers have been pushing for expansion in recent years, with the right owner, this expansion is theirs for the taking!
Office Space, Display Floor, Service Rooms, Storage Facilities, Cleaning and Service Bays

Financial

  • Asking Price: $2,920,000
  • Cash Flow: $290,312
  • Gross Revenue: $2,083,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1980

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:11,415
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

retirement

Additional Info

The business was founded in 1980, making the business 42 years old.

The business has 6 employees and is situated in a building with disclosed square footage of 11,415 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people resolve to sell operating businesses. Nonetheless, the real reason vs the one they tell you may be 2 totally different things. For instance, they might say "I have way too many various obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in earnings, or an array of other reasons. This is why it is really essential that you not rely completely on a seller's word, however rather, utilize the vendor's solution along with your total due diligence. This will paint a much more sensible picture of the business's present situation.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Lots of companies take out loans with the purpose of covering points such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that profit margins are too small. Numerous businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be fulfilled or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location bring in brand-new consumers? Often times, operating businesses have repeat consumers, which develop the core of their day-to-day revenues. Specific variables such as new competitors sprouting up around the area, roadway building, and also personnel turn over can impact repeat customers and also negatively impact future earnings. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business often, the better the chance to develop a returning client base. A last idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the local mean house earnings influence future earnings prospects?