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Commercial Equipment Rental & Storage Facility For Sale

Southwest Ohio, Ohio
Asking Price:
$3,800,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,643,396 (USD)
Cash Flow:
$660,514 (USD)

This company is located in rural Southwest Central Ohio. The business is a full-service equipment rental company targeting the light to medium construction marketplace. In addition it offers a storage facility for personal and company storage needs ranging from household items to corporate storage and off season storage of boats and RV's of all sizes.

The company has a complete fleet and inventory of new and used heavy equipment to meet various customer needs. The road & construction fleet consists of more than 200 units for rent. Their available equipment includes Trenchers, Backhoes, Bobcats, Lifts, Excavators and Bulldozers, Asphalt Compactors, Brush Chippers, Stump Grinders and much more! The company carries stock Fire & Water Restoration Equipment and Supplies as well.

Property information

Real Estate:

Lease

Premises Details:

The facility is located on 6 acres that contains a 10,000 square foot building that contains the retail store, inventory of power tools. In addition, the main 2-story building contains the vehicle repair and maintenance shop adjacent to the retail area of the building.

At the rear of the property, is the U-Haul Dealership and U-Store-it facility that consists of 120 storage units and parking for the fleet of U-Haul trucks and trailers. There is ample room on the property to simultaneously and safely maneuver multiple 48' tractor trailers, and passenger vehicles moving from the retail store, maintenance shop, and U-Store-it and U-Haul facilities.

Business Operation

Expansion Potential:

The need for heavy equipment rental is expected to grow for several years. Job growth and population movement in their market area is expected to continue. In addition, the expectations for highway expansion of Interstate 70 to three lanes west from Dayton will help drive continued revenue growth. The need to contain costs in road construction projects will drive more demand for heavy equipment rental rather than cap-ex purchases by the state and local governments.

Reasons for selling:

The owner is retiring.

Trading hours:

Mon-Fri 7:30am-5:30pm; Sat 7:30am-4pm

Employees:
7 FT/3 PT
Years established:
37

Other Information

Support & training:

Will train for 4 weeks @ no cost.
Primary target customers are small to medium sized construction companies. In addition, they focus on road construction and paving companies that perform highway maintenance and construction for the State of Ohio. A third segment consists of small landscaping companies and farm/homeowners that prefer “DIY” home projects ranging from decks, home additions and other small construction projects.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$760K Down/ $380K for 120 mos. @ 7%/ Other Financing.
Some Seller financing may be available for a qualified buyer.

Furniture / Fixtures value:
$1,883,213 (USD) - included in the asking price
Inventory / Stock value:
$25,000 (USD) - included in the asking price

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