Premier Equipment Rental Provider
Asking Price: | $8,250,000 |
Established Year: | 2016 |
Highly successful equipment rental company available for sale on Vancouver Island. With the largest market share in its community, the business generates approximately $6 million in revenue and has an EBITDA of approximately $2 million. It comes with a fully staffed team, including experienced management, and has three locations serving a diverse population base across Vancouver Island. The fair market value of the assets including inventory is estimated at $8.1M dollars.
The company has built strong relationships with builders, developers, construction companies, and other businesses, while also being the go-to option for homeowners seeking equipment for one-off projects. Financing has been secured for a qualified purchaser, who will need to provide a minimum $1.5M in unencumbered capital to proceed.
This opportunity is being offered as an asset sale, as the rental business is part of a larger holding company. Chinook has collaborated with the company’s accountants to ensure the Profit & Loss statements and Asset List accurately reflect the financial performance of this offering.