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This is an established business in the Oklahoma City MSA that rents portable equipment to events, construction sites, oil & gas companies (predominately portable restrooms and holding tanks), in addition to ancillary services related to the rentals. It is very under-marketed and is a great opportunity for a hand’s on owner looking for a business with excellent growth opportunity. The owner runs this business absentee as he has other demands. For a buyer that can market their services, there is potential to substantially increase revenues with their existing equipment. For example, while in 2019 the company’s EBITDA is expected to only be about $27,000, in 2018 the company generated profits (EBITDA) of over $200,000 on revenue of over $500,000 (primarily due to a large account that kept them very busy). The owner does very little marketing or advertising, and as mentioned, has very limited involvement in the business. Revenue is derived from repeat customers, and some new customers that happen to find them or learn about them. 2019 estimated year end revenue is $168,000, with an EBITDA of $27,000. A full time manager is in place to run the day to day operations, leaving the new owner time to grow the business. Significant assets go with the sale, including over 200 pieces of various rental equipment, trailers, and trucks.
This business does not require an office location, only a yard to store equipment that is not being rented.
Considering the owner does no advertising and very limited marketing, and runs the business absentee, there is substantial growth opportunity for a buyer that can work the business – especially a buyer that has the time to market the business. There are many types of customers for this business - home builders, municipalities, camps, construction companies, organizations sponsoring events, oilfield, and more.
Other unrelated work requires the owner to move out of state.
Although the owner can assist the buyer in a transition, a general manager is in place that oversees the company operations without owner oversight.
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