Business Overview

This company was established over a century ago and has maintained a solid reputation.
The top tier national van line affiliation only adds to reputation and business potential. The company focuses on domestic local and long-distance household relocations, final mile deliveries, commercial moves and senior relocations. Also does some corporate relocations and logistics. Storage consists of local storage, storage in transit for the interstate van line and international storage. The company also performs international relocations. Break down of moving revenue approx. as follows; Household goods 55%, final mile 40%, Senior moves 5%. Experienced workforce in place. Landlord states that a long-term premises lease should be available. Contact ROI today for more information.

Financial

  • Asking Price: $470,000
  • Cash Flow: $186,000
  • Gross Revenue: $3,276,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: $470,000
  • Inventory Included: Yes
  • Established: 1924

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:N/A
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

30,000 SQ Foot Warehouse to include about 2000 SF of office

Is Support & Training Included:

Owner will assist for a smooth transition

Purpose For Selling:

Semi retirement

Additional Info

The business was founded in 1924, making the business 98 years old.
The deal shall include inventory valued at $470,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals resolve to sell companies. However, the real factor vs the one they say to you might be 2 absolutely different things. As an example, they might state "I have too many various obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be justifications to try to conceal the reality of changing demographics, increased competition, recent reduction in revenues, or an array of various other factors. This is why it is extremely vital that you not depend absolutely on a seller's word, yet instead, utilize the vendor's response together with your general due diligence. This will repaint a more realistic image of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies finance loans so as to cover points like supplies, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that profit margins are too thin. Numerous companies fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that have to be met or might lead to fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location draw in new customers? Most times, companies have repeat customers, which develop the core of their day-to-day earnings. Certain elements such as brand-new competitors growing up around the area, roadway building and construction, as well as employee turn over can impact repeat clients and also negatively influence future profits. One essential thing to consider is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the higher the chance to develop a returning consumer base. A last idea is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? How might the regional mean house earnings effect future revenue potential?