Listing ID: 77032
Are you looking for a straightforward to operate business with high income, low overhead, and allows weekends off? If so, this business is the perfect opportunity for you. It is a specialty delivery and warehousing company providing short-term and long-term storage for Orange County clientele who are building, renovating, or furnishing homes.
The business receives a call from a client (interior designers or affluent homeowners, split 70/30) with notice of an upcoming delivery. Once the product is delivered, they unload, inspect, receive, and warehouse it until the client needs it delivered onsite. Short-term items remain inside the warehouse, and long-term items are moved to the onsite containers. They then reload and deliver the product to client site at the requested time, completing the job. They charge a daily flat fee for storage, which varies on the size and bulk of the items received. Products stored are typically home furnishings, décor items, and artwork, but in practice ranges widely. The seller works extremely reasonable hours and handles warehouse operations, billing, accepts incoming phone calls and receives deliveries. His loyal, tenured employees (15yr average!) handle deliveries, and the occasional designer-requested installation assist.
For 23+ years, the seller has operated the business, building long-term relationships by working with designers; he gets a great deal of repeat business. But it’s time to retire, and he is looking to pass the reins to a successor. Even “as-is”, this is a fantastic opportunity for any buyer: you’ll step into a multiple 6-figure income with weekends off. However, there is also a great deal of growth potential. The owner has a very minimal website (no online scheduling, no info requests, and Google is unaware of it), no social media or other digital presence, and does zero advertising or marketing. Build the business’ public brand and grow your revenue – the seller has gotten this far strictly on word of mouth.
This specialty delivery and warehouse company is that rare opportunity that checks all the boxes; it will not be on the market long. Interested? Have questions? Reach out to the Agent today!
- Asking Price: $675,000
- Cash Flow: $433,681
- Gross Revenue: $621,198
- EBITDA: $433,681
- FF&E: $85,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1999
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,240
- Lot Size:N/A
- Total Number of Employees:6
- Furniture, Fixtures and Equipment:N/A
Extremely High Net Income and Weekends Off! Sublease tenant absorbs 1/3 of the monthly rent and assists with deliveries at no cost. Product storage times range widely by project from short-term (1 day) to long-term (1 year). Great lease terms, excellent location (easy access to the 405, 605, 710, 5, and 22), and 24-hour provided landlord security. Accepts check, cash, credit card (70/20/10 split). Net 30 Terms. Assets include 2 box trucks, 3 shipping containers (for long term storage), a computer to run the operation, and a warehouse full of with industrial steel shelving and an assortment of shipping pads, dollies, and tools. Increase profits by surveying the competition and set pricing to market!
Owner Will Train
Time to Retire!
The venture was established in 1999, making the business 23 years old.
The business has 6 employees and resides in a building with approx. square footage of 4,240 sq ft.
The building is leased by the company for $4,585.98 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. Nonetheless, the genuine reason and the one they say to you may be 2 entirely different things. For instance, they might say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may just be reasons to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in earnings, or a range of other reasons. This is why it is very vital that you not depend completely on a vendor's word, but instead, utilize the vendor's answer in conjunction with your total due diligence. This will repaint a much more realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the existing entity is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering things such as stock, payroll, accounts payable, etc. Remember that occasionally this can mean that revenue margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might cause fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract brand-new consumers? Often times, businesses have repeat clients, which form the core of their day-to-day earnings. Particular variables such as brand-new competition sprouting up around the location, road building and construction, as well as staff turnover can influence repeat consumers and also adversely influence future earnings. One important thing to take into consideration is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business regularly, the better the opportunity to build a returning customer base. A last thought is the basic location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood average household earnings effect future income potential?