Construction Eqpt Supplier & Rental-$4m Assets Included! In New Hampshire For Sale
Description: Situated in the state of New Hampshire, the company rents and sells a wide range of heavy and light duty construction equipment, from trucks, excavators, cranes and backhoes, to scissor lifts, loaders, attachments and more. Thanks to high ratings and a well-established reputation, the business is on track to reach $4 Million in sales this year with improvements on profit margins, as Revenues reached $3,735,807 in 2023 next to Discretionary Earnings of $524,780. The open yard location has room for expansion with 2,620 square feet of maintenance garage & attached office space, preferably leased monthly at a rate of $4,500. While property acquisition can be negotiable, business is also relocatable to a nearby location. The shop’s three-decade experience and flexibility allow optimizations without negatively impacting profits, such as hiring sales personnel to widen the service regions. A skilled team of four nonunion employees are likely to remain post-sale and continue daily functions after a smooth standard transition period to acclimate duties, reduce owner’s involvement, and strategize expansion. With an active website and adverts across Machinery Trader, Truck & Equipment Post, and Craig’s List, further efforts such as bigger presence on social media would maximize referrals from their large and repeat client base. By holding $3 Million in revolving inventory, many potentials exist in taking business to next levels through strong advertisements for construction rentals and would allow new ownership to be less involved in operations without additional hires. Additional opportunities exist through new partnerships with specialized manufacturers and suppliers. Contact IAG today for more information on this strong business.