SOLD – Established DC Area Construction Equipment Sales Business
Business Type:
Construction Businesses
Asking Price: 399995.00
Gross Revenue:
2203327.00
Cash Flow: 232322.00
FF&E Value: 5000.00
FF&E Included in Sale: Yes
Inventory Value: 150000.00
Inventory Included in Sale: No
Real Estate Value: $325000
Real Estate Included in Sale: No
State: Maryland
City/County: Prince Georges County
Year Established: 1981
Employees: 2
Listing Number: HZ387DZ
Listing Broker: Dustin Zeher
Broker Contact:
571-437-5135
Broker Email:
dustin@horizonbrokers.com
Business Summary:
Unique opportunity to own an established and well-known company that has been serving the construction industry for over 35 years, including many, well known, large Construction Companies that generate 10s of millions of dollars in revenue. The business specializes in light equipment sales, rentals, and service with a full-time factory trained mechanic. A large inventory of parts and supplies is stocked from over 30 manufacturers like Wacker, Tsurumu, Topcon, Tamco, Multiquip, Insight Vision, Husqvarana, Honeywell, French Creek, Efficiency Production and AGL. The company headquarters is conveniently located in Prince George’s County, Maryland enabling it to easily serve clients in both the DC and Baltimore markets. While located in PG County the business office can easily be moved anywhere in the greater DC-Baltimore region.
The business has a stellar reputation in the industry and hundreds of existing clients which generates a strong revenue stream. The business offers a compelling value to clients by combining sales, rentals, and service under one roof. This “one stop shop” model is bolstered by the company carrying over 30 well-known brands with little to no wait times for many pieces of tools and equipment like water pumps, trench safety boxes. The company sells saws & jackhammers, trench safety boxes, pipe and rotating lasers, diamond blades, compaction equipment, and camera systems.
The business was founded by two partners that are now retirement age. One of the partners is having health issues and hasn’t been able to work much as of late and the other owner is ready to slow down and semi retire - they would be interested in potentially staying on as an employee, which would be extremely beneficial to the next owner and presents a great opportunity for them to build on the existing track record.
Description of Facilities:
The business occupies a 2,700 square foot space in an office/industrial park complex just outside of the Beltway in Prince George’s County, MD.
The Business Owner/Seller also owns the Real Estate; they are ideally looking to sell the Real Estate when selling the business, but are open to a short term lease, which can be negotiated, to allow the buyer some time to establish themselves in the business to either then purchase the Real Estate or find a new space.
Competition:
There is standard competition for the market, but this business has been established for over 35 years and has many long-standing relationships with both clients and suppliers in the industry. The Baltimore and DC area has a robust construction market and demand for this company’s products and services are in high demand.
Growth & Expansion:
There are several opportunities for growth and expansion. A new owner might consider implementing a marketing campaign to increase awareness in the industry. There is also room for growth by increasing lines and products carried or by adding more sales and service personnel.
Seller Financing Available:
Yes
Seller Financing Terms:
The Seller is open to potentially offering seller financing at rates and terms to be discussed based on the final purchase price and qualifications of the buyer.
Reason For Sale:
Owner is retiring.
Seller Support & Training:
Seller will offer necessary training and support.
Get More Information:
To learn more about this business including the name, location, and financial information please complete and return our Buyers Package, which can also be downloaded here, and returned to us at admin@horizonbrokers.com.
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Unique opportunity to own an established and well-known company that has been serving the construction industry for over 35 years, including many, well known, large Construction Companies that generate 10s of millions of dollars in revenue.
