automotive and boat business for Sale in North Carolina

Profitable Equipment & Tool Rental Business

Established more than two decades ago, this is a highly profitable, semi-absentee general tool and equipment rental business located in one of North Carolina's fastest-growing markets. The company has built a deep, well-maintained rental fleet, a loyal and diversified contractor customer base, and a reputation for service that keeps customers coming back. The company rents a broad fleet of roughly 800 units, including aerial lifts, telehandlers, skid steers, excavators, trenchers, tractors, concrete equipment, and a wide range of small tools. The fleet is valued at approximately $3.6 million at fair market value and is supported by a delivery fleet of trucks and trailers. The business generates about $1.72 million in annual revenue with seller's discretionary earnings of approximately $960,000. Ownership operates on a semi-absentee basis, with an experienced manager and crew running daily operations, which makes for an unusually clean transition for a new owner. The customer base is highly diversified, and the business continues to add new customers every year. Business highlights: - More than two decades of operating history and an established brand in a growing, affluent coastal market - No customer concentration, with a broad base of repeat contractor customers - Semi-absentee ownership, with management in place - Deep, relatively young fleet maintained on a disciplined replacement cycle with minimal debt - Strong cash flow, with the large majority of billings collected by card on file, keeping receivables and bad debt low. Growth opportunities: - Expand the fleet to meet demand that already exceeds current capacity, particularly for lifts and telehandlers - Add additional location in a fast-growing region - Modernize marketing through the website, social media, and online reservations - Introduce ancillary revenue such as a damage-waiver program, which is not offered today The operating real estate is owned separately and is available to lease. Ownership is retiring and is committed to a smooth transition. Qualified buyers will be asked to sign a confidentiality agreement and provide proof of financial capability to receive the full Executive Summary and financial details. Contact: Chris Sater, Sater Advisory. Phone 318.525.7349. Email [email protected].