Business Overview

If you have looked at home based businesses or have been looking for a home-based business, you will quickly determine that this is indeed a rare opportunity. It is one of the most profitable and scalable home-based business that we have seen in years.

This business helps seniors that need to relocate to a care facility or downsize, by providing a turnkey liquidation of their desired belongings. What makes this business different than traditional estate sale companies is that they provide this service utilizing a proprietary online platform. There is no physical buyer traffic (except for a short window for buyers to pick up their merchandise) and no exhausting weekends hosting shoppers. The majority of their income is liquidation related, but there are several other services that a new owner can begin doing immediately, that the current owner has elected not to do.

People 65 years and older, or “Baby Boomers”, are the fastest growing market in the world. As they age, they require a variety of services including relocation, downsizing, and liquidation of assets. Senior transitions services are an opportunity to contribute to senior care in a way that does not require any healthcare certifications. The senior market is expected to grow to almost 20% of the population by 2030. As seniors get older, it becomes less reasonable, affordable, or safe for them to remain in their homes.

There are many attributes that make this business an incredible business to own. Some of these include:

1. It has grown year after year.
2. It has generated a 27% net SDE profit in each of the last 2 years.
3. No waiting on your money – there are no accounts receivable.
4. It is a snap to run, and perfect for an individual or couple.
5. No office or shop needed. Run from home with no overhead.
6. It has tremendous growth potential that the owner has elected not to implement.
7. You set your own schedule. Want to go on a 2-week vacation? No problem.
8. Excellent employees in place

Financial

  • Asking Price: $260,000
  • Cash Flow: $122,000
  • Gross Revenue: $458,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: N/A
About The Facility:

Storage unit rented month to month. (Home Based)

Is Support & Training Included:

Although it is anticipated that a new owner can be very proficient running that business after 1 to 2 weeks, the Seller is willing to assist and coach the buyer longer if needed.

Purpose For Selling:

Retirement

Pros and Cons:

Competition is limited. The business differentiates itself from competition in their business model and proprietary technology to efficiently effectuate their business process.

Opportunities and Growth:

Exceptional upside. The owner has elected to keep things as simple as possible and in spite of this, the company has grown year after year. Less than 10% of the possible revenue options are being utilized.

Home Based:

This Business Is Home Based

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals decide to sell businesses. Nonetheless, the genuine reason and the one they say to you might be 2 totally different things. For instance, they may state "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, recent reduction in incomes, or a variety of various other reasons. This is why it is extremely essential that you not rely totally on a vendor's word, however instead, utilize the vendor's solution along with your general due diligence. This will paint a much more sensible picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of companies take out loans so as to cover points like stock, payroll, accounts payable, etc. Remember that sometimes this can suggest that profit margins are too thin. Lots of companies fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be fulfilled or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract new consumers? Most times, companies have repeat consumers, which create the core of their daily earnings. Specific aspects such as new competition growing up around the area, road building, as well as staff turn over can influence repeat consumers and also adversely impact future earnings. One essential thing to consider is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Clearly, the more people that see the business often, the better the possibility to develop a returning consumer base. A last thought is the basic area demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood mean family income influence future income prospects?