TYPE OF BUSINESS: Rental Business – Family Owned & Operated.
A well-established rental company that has proudly served the twin cities metro area for over three decades. Specializing in construction, excavation, concrete, lawn and garden, home, party and tent, and U-Haul truck rental industry. Inventory consists of a wide variety of boom lifts, track, and wheel loaders, mini excavators, trenchers, dingos, towable air compressors, skid steer, trailers, tables, chairs, canopies, generators, and more to cater to various industries and individual needs. The company’s longevity in the industry reflects their commitment to meeting the diverse needs of their clients with professionalism and expertise. With over 30 years in the business, they have earned the trust of countless customers and partners.
FACILITY: The business operates from a 4,200-square-foot facility for maintenance, office, retail, and storage with a large shop for indoor storage. This property is available for sale as well for $500,000. This business is located 30 minutes east of the Twin Cities.
EMPLOYEES: This is an owner-operator business with four part-time employees and one full-time employee. The owner oversees the business and works with sales and estimating.
GROSS SALES: 2023-$406,500; 2022-$420,100, Cash flow for 2023 was approx. $131,000.
SALES PRICE: This is an asset sale. The seller is asking $1,295,000 for the business which includes $1,000,000 (fair market value) in equipment, and buildings and property valued at $500,000. The sales price does not include inventory of $20,000.
REASON FOR SALE: Retirement.
IMPORTANT NOTICE: The above information has been provided by the Seller. Neither The 20/20 Group, Inc. (dba Opportunities in Business) nor its agents guarantee its accuracy or comprehensiveness. 8657 & 8658 b.k.
