Listing ID: 73542
Family owned and operated local commercial and residential moving company established in 1988 with a Five Star Rating. The current owner is moving on to retirement. This business has a staff of seven employees working five days a week operating three delivery trucks every day. Specializing in moving pianos, antiques, medical equipment, lab equipment, etc. The owner is retiring and willing to train the next interested owner.
This is a confidential listing and requires proof of funds, or fundability, along with a signed Non-Disclosure Agreement (NDA) in advance of additional information. However, once a buyer can show the financial wherewithal and the NDA is signed, a detailed business review packet is ready and available.
- Asking Price: $215,000
- Cash Flow: $89,158
- Gross Revenue: $425,372
- EBITDA: N/A
- FF&E: $10,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1988
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:8,000
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 1988, making the business 34 years old.
The business has 7 employees and is located in a building with estimated square footage of 8,000 sq ft.
The property is leased by the company for $1,600 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell companies. Nonetheless, the real factor and the one they tell you may be 2 entirely different things. For instance, they might say "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might simply be excuses to try to conceal the reality of changing demographics, increased competition, recent reduction in profits, or a range of various other reasons. This is why it is extremely important that you not count entirely on a vendor's word, but rather, utilize the seller's solution together with your total due diligence. This will paint a more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous companies borrow money so as to cover points like stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can suggest that revenue margins are too small. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that need to be satisfied or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract brand-new customers? Often times, companies have repeat customers, which form the core of their daily profits. Specific aspects such as new competition growing up around the area, roadway building and construction, and also personnel turnover can affect repeat consumers and also adversely affect future revenues. One vital thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the better the chance to develop a returning consumer base. A last thought is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the edge of town? Exactly how might the local mean home income effect future revenue potential?