Listing ID: 67459
RVA Business Brokers is pleased to offer:
$175,000 Price Reduction – SBA Approved – Incredible Reputation – 4.9 Google Star Rating. Clean-cut, energetic movers and masterful use of SEO and social media are the basis of its exponential growth. The Company grew from 4 employees and $120,000 revenue in 2018 to a staff of 16 and $400,000 in 2020. The Company participates with third-party service providers with great success. Third-party providers contribute 5%+ to annual sales. Reputation is everything in the moving industry and the Buyer will not be disappointed.
- Asking Price: $400,000
- Cash Flow: $235,000
- Gross Revenue: $650,000
- EBITDA: $150,000
- FF&E: $130,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,800
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
1800 Sq Foot Industrial Facility
To Be Negotiated based on needs. Owners Flexible
Owners have another business in the automobile industry and need to focus on one
We compete very well
Unlimited Growth Opportunities in the demographic area we are located
The venture was founded in 2019, making the business 3 years old.
The company has 16 employees and is situated in a building with disclosed square footage of 1,800 sq ft.
The building is leased by the business for $2,200 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell businesses. However, the real reason and the one they tell you may be 2 absolutely different things. As an example, they might say "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these might simply be justifications to try to conceal the reality of altering demographics, increased competition, current decrease in earnings, or an array of other factors. This is why it is extremely essential that you not depend completely on a vendor's word, yet instead, utilize the vendor's answer together with your general due diligence. This will paint a more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover items such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can indicate that earnings margins are too tight. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that need to be met or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location attract new customers? Many times, companies have repeat clients, which develop the core of their daily profits. Particular variables such as brand-new competition growing up around the location, roadway construction, and also staff turnover can affect repeat consumers as well as adversely influence future profits. One vital thing to consider 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 opportunity to construct a returning client base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Just how might the neighborhood mean household income influence future earnings potential?