Business Overview

Here’s a business that is rewarding as well as lucrative! This is a downsizing and move management company that help seniors, baby boomers and persons with disabilities sort out their “stuff”, remove excess items and clear out their residence to move into a supportive community or smaller residence. They aren’t actually the moving company but instead provide sorting, packing and managing the move, space planning, then, unpacking and setting up of the new residence. There is plenty of demand for current and repeat business and room to grow depending on your energy level.

They are members and have received certification by both the National Association of Specialty & Senior Move Managers (NASMM) and the National Association of Productivity & Organization (NAPO). This business is fully licensed, insured and bonded.

Financial

  • Asking Price: $225,000
  • Cash Flow: $79,647
  • Gross Revenue: $221,626
  • EBITDA: N/A
  • FF&E: $11,000
  • Inventory: $1,000
  • Inventory Included: Yes
  • Established: 2007

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

This is a home based business. This is a home based business! Owner keeps supplies in the garage! (Home Based)

Is Support & Training Included:

Will train for 4 weeks @ $0 cost. This is a relationship based business with a short learning curve. Having excellent communication skills to connect with clients and their families and referral partners is essential, as well as, people and organizational skills is a must! Strong problem solving skills, attention to detail, good spatial acuity for optimal use of space and floor planning, calming attitude & empathy when clients are stressed. Knowledge of basic accounting, Human Resources, business management, relocation, project management or senior advisory services would be a plus!

Purpose For Selling:

Owner is retiring!

Pros and Cons:

IBISWorld reports that revenue in the Moving Services industry dropped 0.7% in 2020 as a result of the COVID-19 (coronavirus) pandemic. As the economy rebounds and moves are rebooked, the industry is expected to grow 5.4%. Key Trends in the Industry: The expansion of the housing market has positively affected industry operators. Expansion of major metropolitan cities will sustain demand for moving & related companies. Competition and acquisition activity will continue to characterize the industry. Metropolitan areas are expected to remain the most active sites for moving services. The business focuses on managing Senior Moves and persons with disabilities market segments who are transitioning to smaller housing or facilities by organizing, downsizing, packing, unpacking, and space planning. It has maintained very high activity as there is much demand as the population ages. According to Seattle.gov Quick Facts estimates, the Seattle area population over 65 totals 12.3% and population 42-64 totals 23% which will be slipping into the senior category annually. The disabled population estimates are 18-64 is 6.9% and those 65 and over are 31.4%.

Opportunities and Growth:

The current owner turns down business and says the "growth potential is huge:. The silver tsunami is here and more people are needing to downsize to get out of their large homes. Revenues are directly related to how much work the new buyer wants to do. The size of the business depends on how many people can be hired and if the quality of work and client connection can be maintained.

Home Based:

This Business Is Home Based

Additional Info

The venture was started in 2007, making the business 15 years old.
The sale does include inventory valued at $1,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons people decide to sell companies. Nonetheless, the genuine factor and the one they tell you may be 2 absolutely different things. For instance, they might say "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be excuses to try to conceal the reality of transforming demographics, increased competitors, recent reduction in incomes, or a range of other reasons. This is why it is very essential that you not rely totally on a seller's word, yet rather, use the seller's response combined with your total due diligence. This will paint a more reasonable image of the business's present scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering items like supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can mean that earnings margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that should be met or might lead to charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area draw in brand-new clients? Most times, companies have repeat clients, which form the core of their everyday profits. Particular aspects such as new competition growing up around the location, road construction, and also staff turn over can impact repeat clients and also negatively influence future profits. One important thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the better the chance to develop a returning client base. A final idea is the general location demographics. Is the business located in a largely inhabited city, or is it located on the outside border of town? How might the local typical family earnings effect future earnings prospects?