Equipment Leasing Service  •  $849,000

Location: San Diego
Seller: Neal Wright
Phone: 858-699-7549, 858-699-7549

Business Summary
This Profitable Well Established 50 Plus Year Old Company Sells, Rents, And Services Specialized Equipment In San Diego County. They Also Provided Routine Maintenance And Repair. The Owner Does Not Do Installation, Repair, Maintenance Or Service Himself. Certified Technicians Perform Services. There Are Many Long Term Rental Contracts In Place. There Are 3 Employees Not Including The Owner. Two Service Technicians And An Office Worker Who Provides Customer Service And Dispatching. No Weekend Work, No On Call Emergencies!

In January 2009 Company Entered Into Another Long Term Contract That Will Increase Gross Revenues And Adjusted Net Profit Significantly. Net Profit For 2008 Was 160,000 After Making A 50,000 Capital Investment In New Revenue Generating Equipment. Owner Projectes Adjusted Net For 2009 To Be At Least 230,000 And Q1 09 Numbers Reflect That. 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 Rental Contracts. Hours Are Monday - Friday 8 -5. Owner Works 3 Days Per Week And Is Ready To Retire. Price Includes A Market Value Of 400,000 Of Machine Inventory! Owner States There Is Little Competition In The Marketplace. The Owner Willing To Finance And Train/Consult The Right Buyer With Sufficient Collateral. Great Opportunity To Buy A Business That Has Established Contracts And A Steady Stream Of Revenue.

Remember- Company Comes With At Least 400K In Equipment That Is In The Marketplace Generating Revenue. Asking Price Is Approxiametly A 2.75 Multiple Of Income Plus Value Of Equipment.

Unique 50 Year Old Business Whose Products And Services Will Never Go Away.

If You Want A Business With Very Little Overhead, A Nice Niche, Great Growth Potential And Always In Demand Products And Services This Is It.

Owner Wants To Fully Retire And Has Indicated He Will Offer Partial Financing For Qualified Buyers.