Listing ID: 76815
Moving company for sale in San Diego. Serving residential and commercial clients throughout the county, this company was founded in 2016. Fully staffed with eight employees including Manager, Salesperson, and Foreman. Three 26 ft. long Box Trucks included in the sale. All trucks are well maintained and in very good condition. Excellent online presence and reputation. Facility is 1570 sq ft, $2,150 total rent in central location. Perfect foundation for a new owner to come in and scale! Call Listing Agent Amit Wadhera for more info 909-319-9795
- Asking Price: $349,000
- Cash Flow: $96,143
- Gross Revenue: $407,038
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2016
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
The venture was established in 2016, making the business 6 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals choose to sell businesses. Nevertheless, the genuine reason vs the one they say to you may be 2 entirely different things. For instance, they may say "I have too many various commitments" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in incomes, or a range of other reasons. This is why it is very essential that you not rely entirely on a vendor's word, however instead, utilize the vendor's solution in conjunction with your total due diligence. This will repaint a more practical picture of the business's current circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover things like supplies, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that profit margins are too thin. Lots of businesses fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise 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 contracts with suppliers that have to be satisfied or may lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in new customers? Many times, companies have repeat customers, which develop the core of their everyday profits. Certain aspects such as new competitors growing up around the location, road building, and personnel turnover can influence repeat clients as well as negatively impact future revenues. One important point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business often, the greater the possibility to build a returning customer base. A final thought is the general area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Just how might the regional median household earnings impact future earnings prospects?