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Seller will finance up to $500,000!
Since 1994, this family-owned heavy equipment dealer, rental and complete service center has provided lifts, skid steers, dozers, track hoes and the like to northern TN and southern KY professional contractors and retail customers, while also supplying them the high-end power tools, plumbing, electrical, lawn & garden, paint, flooring, concrete, safety etc. products and materials they have come to Know they can count on to get the job done right.
For a new owner the potential is very high. The Only thing this business is short on is a dedicated sales manager who can call on and expand business in just the peripheral communities they Already serve: Bowling Green, Clarksville, Hopkinsville, Madisonville, Owensboro, Springfield, Nashville and surrounding communities. That is just scratching the service. In fast-growing towns near the border of TN and KY, like Springfield, "the new Franklin"; construction is booming, growth is sky-high.
This is a huge opportunity to acquire not only a viable heavy equipment rental and retail hardware business, but the price also includes almost $2M of new and recently purchased heavy equipment. The total heavy equipment inventory, $3.44M (cost new), is valued at $2.3M today. Of this figure, equipment purchased New, from 2015 through 2020 alone— has a current value of $1,894,703.
The hardware store inventory (described above) of $138,000, the current value of all equipment: $2,312,608, and the office FF&E valued at $3,500 is All included in the asking price for the business, $1,977,000.
Real Property Included
southern KY also serves northern TN
6,720 hardware store, rental offices and storage area, on 1.08 acres, also includes two covered but open storage sheds for heavy equipment: 1) 2,842 sf, the other 2,112 sf. A fully equipped shop and a full-time mechanic to service, repair and keep equipment in top shape is also available as an additional real estate parcel.
Nashville and surrounding communities: Springfield, Clarksville, Bowling Green, Hopkinsville, Madisonville, Owensboro, et al have enjoyed explosive growth. This company already has the capacity to meet this growing need (with recent new and almost new heavy equipment purchases) which the current owners cannot focus on due to the demands of their other businesses.
Of the nearby equipment rental establishments, neither serves the community with the same level of equipment or service. the closest real competitor is 30 miles away
Rental industry no longer fits the model of the owner's other businesses.
7am-5pm Monday- Friday
Seller will finance up to $500,000 for the right buyer.
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