Business Overview

PRICE REDUCED! Full service, residential/commercial, local, and long-distance moving company with packing services. This well-established, well-known family-owned business was launched in 1976. This company has over 50% repeat business and word-of-mouth referrals and has moved people for 45 years. As such, they’ve moved customers multiple times, plus their family members and friends. Excellent online ratings and reviews. This business is respected in the community family-oriented, and customer satisfaction is their number one priority. Growth in North Texas and the local housing market has more families on the move, making a moving and packing business a vital business. This business is perfect for an owner-operator or an existing moving company that wants to grow revenue and territory strategically. The firm has continued to grow despite scaling back business to six days per week. Growth opportunities include adding additional trucks and crews, adding days, and accepting more long-distance relocation requests. This business is relocatable. Seller is willing to lease office space and parking at their storage facility in Grayson County. They are currently operating with four employees who are very skilled and professional. The owner is not part of the crew or truck and will train the next owner on operations to ensure a smooth transition. The owner is ready to retire and has priced the business to sell quickly.

Financial

  • Asking Price: $250,000
  • Cash Flow: $156,579
  • Gross Revenue: $320,201
  • EBITDA: N/A
  • FF&E: $50,000
  • Inventory: $2,000
  • Inventory Included: N/A
  • Established: N/A

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
Purpose For Selling:

retiring

Additional Info

The transaction won't include inventory valued at $2,000*, which ins't included in the listing price.

The business has 4 employees and is situated in a building with estimated square footage of N/A sq ft.
The real estate is leased by the business for $600 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals resolve to sell operating businesses. Nonetheless, the genuine factor and the one they tell you might be 2 totally different things. As an example, they may state "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be excuses to try to hide the reality of changing demographics, increased competition, recent reduction in revenues, or a variety of other reasons. This is why it is extremely essential that you not depend completely on a seller's word, but rather, make use of the vendor's answer along with your general due diligence. This will paint a more sensible image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many companies finance loans with the purpose of covering things like inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that revenue margins are too tight. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be met or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area bring in brand-new consumers? Often times, operating businesses have repeat consumers, which create the core of their daily revenues. Specific aspects such as new competition sprouting up around the location, road building and construction, and personnel turnover can influence repeat clients as well as adversely affect future revenues. One important thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the opportunity to build a returning consumer base. A final idea is the general area demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Just how might the local average home income influence future revenue potential?