30 Year Old Equipment Rental Business Sold.
This 30 year old light to medium equipment rental business had always been in the same great location that had the same name. They are a location driven business and the owner saw no reason for the growth rate to slow down. They had a long-standing, diversified customer base and the owner set up and easy to use automatic revenue-based discount program for large and recurring customer base.
The owner was a flight engineer with NASA and traveled for days and weeks at a time. He was basically absentee because he was only in the store two to four days of the month and didn’t do any of the day to day operations. He enjoyed flying and wanted to fully focus on that, so he decided to look for a local business broker. He discovered Jeff Chapman from Business Broker Colorado because according to his website, he had sold several equipment rental businesses before. He ended up hiring him because he knew Jeff would understand the business and had knowledge of his rental equipment.
Jeff had sold various medium to heavy equipment rental business in Colorado and had a database already with buyers who were looking to purchase a similar business. Jeff quickly found a buyer who had knowledge of the business and was qualified to get a bank loan and willing to buy it.
If you want to sell your Colorado business contact Jeff today at – https://businessbrokercolorado.com/