Randy Chafin
Aiken, SC (USA)
Role(s):
Founder/Owner/Principal
Blue Star Rental
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Startup
Location:
Aiken
Industry:
Other
Year Founded:
2004
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
"S" Corporation
Description:
Two store retail rental centers ranging from do-it-yourselfers to long term govt contracts for large machines. Recently awarded substantial contract, looking for equity partner to help us optimize this deal and afford us the position to go to the next level. Founder owns the CRE (both locations) - wants EP to buy the prime location (7,343 SF) for $970K with 6-7% ROI under current lease plus buy 49% stake in the corporate wide rental business at $912,535. Rental business has experienced an overall EBITDA margin of 24% (of total revs) average since day one (beginning 9 years ago) FY09 thru FY11 averaged 32% margin. Projected rev FY13=
$1.75m growing to $5mm in FY17. Only serious inquiries please!