Business For Sale. Forklift Equipment Rental, Sales, 26; Services

Los Angeles Forklifts is a 60 year-old distribution company for sale and is the largest independent reseller of forklifts in Los Angeles. The business was founded in 1947 and has steadily developed as the leading independent reseller of forklifts in so California. With consistent advertising, a website, and an inhouse sales force Los Angeles Forklifts has consistently maintained sales in the range of 24;3.0 to 24;3.3 million for the past decade.Los Angeles Forklifts has over 8000 active customers, all within the local Los Angeles market. They buy used forklifts 5B;up to 10,000 pound lift capacity5D;, recondition them and resell them. At any time, the retail value of the inventory of used forklifts could be as high as 24;400,000. They also rent forklifts month to month. The trucks and service equipment used in the business has a book value of over 24;150,000. The company also sells a new line of hand operated pallet jacks which has been very popular.The owner manages the books to minimize his tax liabilities but has shown us evidence of true income in the mid 24;200,000 per year. *Buyer to assume a lease for the paint booth. Lease payments are approximately 24;1,000 per month, 21 months left on the lease. The current SBA loan has a balance of approximately 24;420,000 and may be assumable.For more information, please contact Scott Probst at (310) 539-8300.