Listing ID: 71233
Transportation company. Centrally located in Rhode Island. 17 years in business, loyal customer base. Owner retiring. Seller financing available to qualified buyer. Fully staffed, turn key. Owner operator or a solid investment.
Staff in place to grow the business. Current owner involvement is limited, looking to retire. New ownership, new energy put the time in to grow sales.
Current owner, is not doing any marketing to grow sales, Social media advertising.
New owner would have a solid existing customer base, to develop new customers.
Established for over 17 years.
- Asking Price: $250,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2004
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
The business was started in 2004, making the business 18 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals choose to sell companies. Nevertheless, the true reason and the one they tell you might be 2 completely different things. For instance, they may state "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be reasons to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in revenues, or a range of other reasons. This is why it is very crucial that you not depend completely on a vendor's word, however rather, use the seller's answer together with your overall due diligence. This will repaint a much more sensible image of the business's present circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering things like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that profit margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with suppliers that have to be met or might lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in new consumers? Often times, companies have repeat clients, which create the core of their daily revenues. Particular factors such as new competitors sprouting up around the location, road construction, and employee turn over can influence repeat consumers and also negatively impact future earnings. One important point to consider is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business on a regular basis, the better the chance to develop a returning client base. A last idea is the general area demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Just how might the local typical home earnings influence future earnings prospects?