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Listing Number:3020

Buy a Mechanical Repair Business in Sullivan County, New York

Business: Buy a Mechanical Repair Business
County, State: Sullivan County, New York
Business Type: Auto/Truck Mechanical Repair, Equipment Rental and Sales , Business with Property Available

Summary Description

A heavy equipment sales and rental center as well as a used big truck sales and repair facility. Primary business is sales, but rentals are becoming the primary profit generator. They purchase used equipment and trucks for resale and rent them until they are sold. This allows them to generate much more profit on each piece purchased. They also purchase smaller new equipment for the rental side of the business. They are a Yanmar excavator dealer. The area is going through its first economic boom in 40 years. The housing market is exploding. Developers are buying land and getting approvals for mass housing developments. There are 3 Indian casinos awaiting final approval for which they estimate needing over 8000 homes. Company has become a well known name throughout the area providing sales, rentals and service. There is tremendous room for growth in both the rental and sales areas. There is only 1 other person in the area that does party rentals. This would be an easy area to expand the business into. TOTAL BUSINESS breakdown: $750,000 for business, $1,200,000 for inventory and $800,000 for real estate. Can also lease real estate from seller at $4,500/mth.

About the Sale

Asking price: $750,000 (USD)

Financing:$400,000 down and negotiable

Total Revenues:$2,055,000 (USD)

Cash Flow:$247,346 (USD)

Reason Selling:other opps

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