Listing ID: 72542
Since 2004 this company has provided services to support older adults throughout the downsizing and move process. Having worked with hundreds of couples and individual (with or without adult children) they have a well established and solid reputation both locally and nationally. As a member of NASMM (National Association of Senior and Specialty Move Managers) since 2005 the company became the first Senior Move Manager Co. in the NW. Their ‘formula’ is well thought out, repeatable and successful.Their clients move into smaller homes, condos, and independent retirement communities. Some downsize to stay in place. Current owner had found this work to be very rich and satisfying and attracts engaged and committed employees.
- Asking Price: $137,926
- Cash Flow: $65,861
- Gross Revenue: $137,926
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
Home Based (Home Based)
2 weeks training
There is some competition in the area but this business is very well established. This is a busy and growing service business industry..
The owner has dialed back the work workload, since 2019 for health reasons. However, there is not a shortage of demand in this new industry.
This Business Is Home Based
The venture was founded in 2008, making the business 14 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell companies. However, the real factor vs the one they say to you might be 2 entirely different things. For instance, they may say "I have way too many various obligations" or "I am retiring". For many sellers, these reasons are valid. However, for some, these may just be justifications to attempt to hide the reality of transforming demographics, increased competitors, recent reduction in incomes, or an array of other factors. This is why it is really essential that you not count totally on a seller's word, yet instead, utilize the seller's solution along with your general due diligence. This will paint a much more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many companies borrow money in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can imply that earnings margins are too small. Many companies fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that must be fulfilled or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new clients? Often times, companies have repeat clients, which develop the core of their day-to-day profits. Specific factors such as brand-new competition growing up around the location, road building and construction, as well as personnel turnover can influence repeat clients as well as negatively impact future incomes. One crucial thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the better the opportunity to build a returning client base. A final thought is the general area demographics. Is the business located in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood typical family income influence future income prospects?