Government Equipment Rental Business: $1.75M (Location: Not available)
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Asking Price
$5,000,000
Detailed Information
Business Description
This business opportunity involves purchasing a remanufacturing equipment package worth $1.75 million, which is utilized by municipal governments on an ongoing basis, resulting in an after-tax profit of $1 million in 2024 and potentially $3 million by 2028. The business offers a guaranteed net income of $1 million in 2024 after taxes, providing investors with over a 20% return on investment. Payments from municipal government work are received promptly, making it essentially a cash business. An appraisal of the business indicates that the fair market value of the partnership, considering various factors, is evaluated at $4.92 million Canadian dollars, based on the normalized net income. Furthermore, the updated valuation at the end of 2024 is expected to rise to $6.4 million, factoring in the fair market value of the equipment. The business valuation report considers 25 essential elements, providing a thorough analysis of the current state of the company and its potential for growth, projecting a