SOLD! Rental Business, servicing construction, excavation, concrete etc.

TYPE OF BUSINESS: Rental Business serving the construction, excavation, concrete, lawn, and garden rental industry for over four decades. Their inventory consists of a massive variety of generators, lifts, compressors, earth movers, electric tools, and trailers, to name a few. The company has a significant market share with a long-established reputation that results in many repeat customers year after year.

FACILITY: The business operates from a 16,000-square-foot facility, with a large shop for repairs and maintenance, office, warehouse, and retail area. This business is located near the metro area. The space is available for lease with an option to purchase the building.

 EMPLOYEES: This is an owner-absent business with six full-time and two part-time employees. Management has been in place for over 30 years.

GROSS SALES: 2023 (through Oct.) is $1,153,775 (tracking over $50,000 above 2022 during the same time period), 2022 – $1,235,404, 2021 -$1,166,391, 2020 – $1,153,142 Cash flow for 2022 was approx. $497,600 (as an owner-operator).

SALES PRICE: The seller is asking $2,100,000 for the business, which includes $1,484,000 (fair market value) in equipment. The sales price does not include an inventory of $30,000.

 REASON FOR SALE: Retirement.

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About Bill Kraemer

Bill Kraemer brings a unique skill set to the business broker arena. As a former business owner himself, Bill understands what it takes to develop, build and successfully sell a business for maximum value. He has the unparalleled ability to identify individual strengths and align buyers with the proper businesses. His passion, experience and honest approach give him the ability to relate to business owners and their enterprises. Bill has over 30 years experience in the Minneapolis/St. Paul marketplace and has established a reputation as a trusted business advisor to clients and businesses alike. He specializes in buy/sell transactions spanning across manufacturing, distribution, franchises and service industries. Bill lives in Apple Valley with his wife of 32 years, Susan and their two children – Lauren and Nick. Bill loves spending time with family and friends and is an avid outdoorsman.

Contact the listing agent to learn more.