Listing ID: 67438
Great opportunity to own an established and reputable moving company that’s fully insured and licensed that has been serving the DC area for the past 10 years. The business has five trucks and specializes in residential and commercial moving, packing, and short-term storage. They handle all the different phases of relocation for clients with a focus on ensuring customer satisfaction from start to finish. The company also offers various related services like junk removal, cleaning, and labor only appointments.
The business has an excellent reputation in the DC area with reliable team of employees in place. Over the years, more than 35% of the annual business is driven by repeat and direct referral customers. Clients are able to customize their move according to their own needs and timeline. The business offers both local and long distance moving with trucks from 17’ to 26’ in size enabling them to capitalize on both large and small scale moves.
The owner and founder has grown the business to Philadelphia (through a partnership which is not for sale) and is now offering their flagship location in Kensington, MD for sale. This is a fantastic situation to own this business that is up and running with established staff and a versatile fleet with a strong profit margin. Sales have averaged $1.15M over the least 4 years with profits that are impressive and dependable. The future owner could be hands on and take over sales or operations to push revenues and increase profitability. The opportunity to grow the business is compelling with 3 Mid-Atlantic locations and the history and expertise of the other corporate locations. The owner is willing to stay on as a sales and operational consultant for up to 12 months to assist with the transition of the business. We don’t expect this opportunity to last long at this price, so contact us today to learn more!
- Asking Price: $499,995
- Cash Flow: $268,355
- Gross Revenue: $1,131,634
- EBITDA: N/A
- FF&E: $205,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2009
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:2,500
- Lot Size:N/A
- Total Number of Employees:17
- Furniture, Fixtures and Equipment:N/A
The business runs out of a commercially zoned house with a parking lot in a mixed-use zoning neighborhood. The building is 2500 Sq Ft with 2.5 baths; 1100 Sq Ft office, 900 Sq Ft on-site apartment space; +/-800 Sq Ft of storage. (Home Based)
Seller will offer necessary training and support.
Owner has moved out of the area.
There is standard competition for the market, but this business has been established for 10 years with a great reputation in the DC area which is backed up by hundreds of positive reviews.
There are several opportunities for growth and expansion. A new owner might consider increasing volume with larger crews. There is also room for growth by expanding more into ancillary services like labor, junk removal, cleaning, and other related fields.
This Business Is Home Based
The company was established in 2009, making the business 13 years old.
The transaction shall include inventory valued at $10,000, which is included in the asking price.
The company has 17 employees and is situated in a building with approx. square footage of 2,500 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. Nevertheless, the true factor and the one they tell you may be 2 entirely different things. For instance, they might say "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be excuses to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in earnings, or a range of other reasons. This is why it is very crucial that you not rely entirely on a seller's word, but rather, make use of the vendor's answer combined with your overall due diligence. This will repaint a much more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your deal. Numerous companies borrow money with the purpose of covering things like stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can mean that profit margins are too small. Numerous companies come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that should be satisfied or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location attract new consumers? Often times, businesses have repeat clients, which create the core of their everyday earnings. Particular aspects such as new competition sprouting up around the area, roadway building, and employee turn over can influence repeat customers and also negatively influence future revenues. One essential thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the higher the chance to build a returning client base. A last idea is the general location demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? How might the neighborhood mean home earnings influence future income prospects?