Business Summary:
This Company is a well-established Equipment Leasing Company that rents and leases heavy equipment and earthmoving equipment to large commercial contractors, developers and construction companies for commercial and civil projects.Revenue in 2013 was $3 million, a 20 percent increase over 2012 revenue of $2.5 million. Net profitability (Adj. EBITDA) increased from $340,000 (13.6 percent of revenue) to $1.4 million (47.7 percent) during the same period. The Company’s extensive customer list is a result of over 20 years in business as a leading source of heavy machinery and equipment for construction and development. Customers include some of the largest site development and highway contractors in the area.Inventory consists of over $6MM of high-quality, well-maintained heavy construction and earthmoving equipment, including cranes, trucks, excavators, dozers, compactors and graders.While the Owner is pleased with the Company’s growth to date, it is believed that the business could benefit a great deal by the addition of capital and human resources. Principal is agreeable to remaining with the Company to facilitate a smooth transition.
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| Year
Business was Established: 1990 |
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| Number of Employees:
6+ |
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| Facilities / Terms of Lease:
1,500 sq ft office, 6,000 sq ft shop on 4 acres [available for rent or purchase] |
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| Competition:
The current market environment is very good and continues to get better. Demand for construction equipment is up and is expected to remain high. Significant opportunity for growth including expansion of sales and products, expand and enhance web site, large branding and marketing opportunity, expand business to include additional equipment and territories, adding new customers. |
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| Owner
willing to train:
The principal has expressed an interest in remaining with new management for a short period of time to facilitate a smooth transition period given an agreeable deal structure and compensation package. |
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| Reason for selling:
While the owner is pleased with results of operations, it is believed the business could benefit a great deal more with additional capital and human resources. |
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Seller Reference Number: WHP3007
BusinessMart.com Listing Number: 152837 |
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