Stephen Luker
Hoover, AL (USA)
Role(s):
Covenant Equipment Specialist LLC
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Startup
Location:
Hoover
Industry:
Transportation
Year Founded:
2006
Number Employees:
INVALID
Description:
My Company buys and sells contruction equipment as well as providing financing and leasing for the equipment. I also wish to participate in a family business ( Stand alone ice machines that cost 110000 each and return an average of 36000-40000 net profit per year resulting in a 2.5-3 year return on investment. I want to open a small equipment lot and purchase enough Ice machines to secure the franchise for the two counties I live and work in. My goal would be to use a line of credit to buy and sell equipment to live on while I paid off the investment as quickly as possible. I have a 5-7 year window to accomplish this with retirement around 55. I would also be willing to make the investor an owner in some regard. My feeling is that someone will probably come along and buy the Ice machine Bu