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Asking Price$7,000,000
Revenue$8,000,000 Established2003
Cash Flow$1,645,000 EmployeesUndisclosed
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This company purchases quality used road tractors, trucks and semi-trailers, completely renovates the equipment to a like-new condition and leases the equipment to a variety of nationwide reoccurring customers.  This renovation includes incorporating any customer specialized needs into the equipment.  Major renovation, painting and engine rebuilding is sub-contracted to professional long-term reliable vendors.  The customer’s benefit is equipment that looks and performs like new at a lease rate that would be substantially less than payments on new equipment.  This company offers insurance to its customers creating a profit center for insurance brokerage services. Equipment leasing is the core business, however, they also sell used roadtractors, trucks and new and used semi-trailers.
Facilities:The real estate consists of an office building and two large repair buildings on 5 acres of property. The owner would prefer to sell the property at the same time the business is sold. Owner might consider a lease to the right tenant.
Competition:The business is unique by offering long term leases, with a guaranteed purchase option for used equipment in great shape. Therefore, the competition is confined to the other choices that the prospective customer has, which amounts to purchasing a new or used vehicle as opposed to a long-term lease of a used vehicle.
Training/Support:Seller will be willing to train the buyer for 52 weeks at a total cost to be negotiated.
Sale Reason:Retirement
Ad #121365
Seller Reference #LST 1089
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Terry Lammers
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