Equipment Leasing & Sales Recurring Revenue
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $985000
Net Profit / Cash Flow $235000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1954
Number of Employees 1 - 3
Inventory 820000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Owner will train & stay on up to 1 year.
Reason for Sale Retirement.
Description Profitable equipment leasing, service, and sales. Recurring revenues. This profitable well established 50 plus year old company leases specialized equipment to over 150 locations in San Diego county. They also provided service, maintenance and repair. The owner does not do installation, repair maintenance or service. There are many long term contracts in place. Owner states the company is about to enter into another long term contract that will increase gross revenues and adjusted net profit significantly. Projected net profit with this new long term contract for 2008 is $230,000 and the projected adjusted net for 2009 with this new contract is $263,000. Owner indicates that there is very little competition in the San Diego area. A major strength which adds to the appeal of the business is the recurring revenue stream provided by current lease contracts. Price includes $820,000 of replacement cost for FF&E! Owner states there is little competition in the marketplace. This great opportunity will not last long. Owner will stay on for up to 1 year to assist new owner! Contact for more information on this Equipment Leasing & Sales business for sale.
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