Entering its 19th year of business under current ownership, the company has enjoyed a history of profitability. This business rents and repairs equipment to a diversified clientele of contractors, developers, and events. The business is located in a small community approximately 30 minutes from Vancouver.
The owners attribute their success due to superior customer service, leading market share, and high word-of-mouth referrals. Further opportunities exist to further expand its market share into the surrounding area as there is minimal competition in the area that has a population base of approximately 30,000. As a result of their great reputation, the business has produced Sellers Discretionary Earnings averaging over $290,000 for the past 2 years. Revenues have steadily increased over the years and now approach 1 million in annual sales.
The owners are diligent about repairs, maintenance, and replacement on their rental inventory therefore all equipment is in excellent condition. The company offers construction rental equipment as well as party rental options. They are the industry leader in their local marketplace and have developed a reputation for uncompromising customer service. With the help of dedicated staff, they ensure that every rental is a success. This business could be operated as it currently is, under the ownership of a husband and wife team.
Alternatively, the business's robust profitability makes it possible to hire a full-time manager to replace one of the current owners. In that scenario, a single owner / operator could hire out one of the current owner's roles and take home an excellent salary. As a result, this is a unique opportunity for both an individual owner/operator or buyer team. The return on invested capital is close to 50% for this opportunity. If you desire a great income and an unparalleled lifestyle, this business checks all the boxes.
Should a Purchaser with the land and building be acquired for $800,000.