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Listing Number:2786

Buy a Mechanical Repair/Sales Business in Sullivan County, New York

Business: Buy a Mechanical Repair/Sales Business
County, State: Sullivan County, New York
Business Type: Equipment Rental and Sales, Industrial & Commercial Machinery, CONSTRUCTION BUSINESSES

Summary Description

JUST REDUCED!! Equipment rental and sales business located on heavily-traveled route with many large accounts. Reputation for providing top-notch service unparalled in industry (contractors come from as faraway as 20 miles). Revenue split is 75%/25%, retail/rentals. 14 years in business with 4 at the current location. Sales have grown exponentially ($118k in 2000, to over $1 million in 2003 and on pace to do about $1.5 million for 2005!) Has about $300k in inventory and $650k in assets (with names like Caterpillar, Kumatsu, John Deere, etc; back hoes, bull dozers, dump trucks, tractors, pickup truck, trailers, etc). Seller owns property and will lease back at very favorable terms. Business is projected to do over $1.5 million in 2005 and keep growing from there. Buyer gets lease on 3,000 square feet main retail/office building, use of the 2-story, 3,200 square feet warehouse, over 1 acre of land to store equipment and GREAT visibility on very busy road. Many of the contractors service several of the large employers in area going thru multi-million dollar building expansions, thus turning to this business for equipment rentals and supplies.

About the Sale

Asking price: $699,000 (USD)

Financing:$250,000 down and negotiable

Total Revenues:$1,228,811 (USD)

Cash Flow:$263,920 (USD)

Reason Selling:Retiring

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Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.