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Sep 24, 2019 — Local equipment rental company that specializes in heavy equipment for construction. Business also handles retail sales for the small operators as well as small tool rentals. Great local company with A+ reputation. Operates and services a fairly large region of central Georgia which is seeing tremendous growth right now as the port of Savannah expands towards Atlanta.
1M in sales. Expenses include 2 owners salaries of approximately 100k and rent on the building of 24k. Real Estate is included with the sale and is valued at 250k. Price of 770k includes 250k of real estate. $39,000 of parts, $650,000 of equipment, $60,000 of trucks/trailers and $37,000 of permanent equipment. Much of the equipment has been depreciated over the years but the book value of the assets exceed the purchase price of this business.
Net income of 116k plus owners salary of 100k is owners benefit of over 200k plus the real estate and equipment.
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