Listing ID: 67393
Moving Company In Central Virginia. Designed to be an owner operator business that the Seller manages from the home with one assistant and can be relocated any where in the area of operation. Established in 2006 a full service moving company specializing in homes, seniors moves apartments, and small office moves. Offers packing services, local and long distant. The company has been profitable since it’s first year.
Established in 2006 a full service moving company specializing in homes, seniors moves apartments, and small office moves. Offers packing services, local and long distant. The company has been profitable since it’s first year.
There are several competitors in the area of operation but the Seller has built a great reputation and a recognizable name in the Market. The business name has been Trademarked and defended several times.
60 percent of the business comes from repeats and referrals, so increasing the business is simply a matter of more advertising. The Seller has found that social media and internet advertising brings in more than enough business.
- Asking Price: $229,000
- Cash Flow: $70,000
- Gross Revenue: $200,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2006
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
The business was started in 2006, making the business 16 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people decide to sell businesses. Nevertheless, the true factor vs the one they say to you might be 2 entirely different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these might simply be justifications to attempt to hide the reality of transforming demographics, increased competitors, current decrease in earnings, or an array of various other reasons. This is why it is extremely vital that you not rely totally on a seller's word, but instead, use the seller's solution combined with your overall due diligence. This will repaint an extra reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover points like inventory, payroll, accounts payable, etc. Remember that occasionally this can suggest that profit margins are too thin. Lots of companies fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be satisfied or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract brand-new customers? Many times, operating businesses have repeat customers, which develop the core of their everyday profits. Particular aspects such as new competitors growing up around the location, road construction, and personnel turnover can impact repeat clients as well as adversely impact future earnings. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business often, the better the possibility to construct a returning consumer base. A last thought is the general location demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Just how might the regional mean house income effect future earnings prospects?