Short Term Office Equipment Rental Company

Anne Arundel County, MD
Office Equipment
Asking Price:$3,000,000
Gross Revenue:$4,000,000
Rent:$36,000/Year
FF&E:$1,000,000
Cash Flow:$830,000
Inventory:$40,000
EBITDA:$700,000
Established Year:2007
BUSINESS DESCRIPTION

This full service company focuses on the short term rental of copiers and related office equipment. Company provides this office equipment throughout the continental United States in most major metropolitan areas through a network of satellite offices. Branch managers are located in key metro areas with self storage facilities, onsite delivery vehicles, and office equipment. This business is one of the largest independently owned short term office equipment rental businesses in the United States. Typical clients include associations and companies facilitating local and national conferences, venues such as professional and collegiate athletic events, local and national law firms with legal due diligence rooms, government agencies, large national and international companies operating within the United States.and business clients preferring to rent on a month to month basis. The company provides 24/7 support, maintains backup equipment, and has a team of highly trained and dedicated employees. The company focuses on rentals and is not a dealer selling copiers and office equipment.


DETAILED INFORMATION
Location
Anne Arundel County, MD
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,000
Lease Expiration
31/12/2022
Employees
19
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The company leases 4,000 square feet from an owner occupied building. Terms of the lease are as above. The lease term is annual and the business owner anticipates the landlord is amenable to a renewal under similar terms and conditions.The 4,000 square feet is allocated to approximately 1,000 square feet of office space and the balance to warehouse storage of office equipment.
Competition
The current market remains very strong and growing for short term office equipment rentals. The company as positioned is one of the largest independently owned providers of short term rentals in the national marketplace. There are few national office equipment dealers competing in the short term rental market.
Growth & Expansion
Lack of competition in the short term office equipment rental market offers excellent opportunity for growth and expansion. The owners believe significant expansion can be realized by adding dedicated salesperson(s) and more sophisticated digital marketing.
Financing
Business has been SBA lender prequalified.
Support & Training
The owners will provide the necessary training and transition assistance as required by the purchaser and is mutually agreed upon. The minority shareholder may desire to remain with the business under mutually agreeable terms. Currently this individual serves primarily in a sales capacity.
Reason for Selling
Majority shareholder has multiple businesses and desires more family time.
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Drew
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Drew Smith