Listing ID: 78677
Owner purchased the entire market in 2019 and has grown to #1 in the market for removal and recycling. Over 70%% growth. Owner has been very active in day-to-day activities and revenues continue to grow. Due to other business reasons and relocating, owner needs to sell. The brand is the 2nd largest Junk Removal/recycling company in North America. Highest rated service brand in North America and the only junk removal company that has a “recycling-warehouse” operation. “4” revenue streams…….residential, commercial, national accounts, and recycling. Business is geared towards clients that are business to business, business to consumer, and business to government/municipalities. National Accounts. Technology-driven business. All revenue is verified by the company. Excellent books and records. Contact to sign N D A and receive the specifics. Jeff, (603) 438-2653
- Asking Price: $249,000
- Cash Flow: N/A
- Gross Revenue: $639,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
"2" Full-size Izuzu Junk Hauling trucks ( Buyer assumes Truck payments)
Owner will assist in the transition and ongoing support. ( Call Center)
Other Business interests / Move
2nd largest brand in the industry
The market continues to grow with many trucks needed as it matures
The business was founded in 2019, making the business 3 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell businesses. Nevertheless, the real reason and the one they tell you may be 2 completely different things. As an example, they might claim "I have too many other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competition, recent decrease in incomes, or an array of other factors. This is why it is very important that you not rely completely on a seller's word, yet instead, make use of the vendor's answer together with your general due diligence. This will paint a more reasonable image of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous companies take out loans in order to cover items like supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can suggest that revenue margins are too small. Numerous organisations 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 obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that have to be satisfied or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the area draw in new clients? Most times, companies have repeat customers, which form the core of their everyday profits. Specific elements such as new competition growing up around the location, road building and construction, and also staff turnover can affect repeat consumers and also adversely affect future incomes. One crucial thing to consider is the location of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more individuals that see the business on a regular basis, the higher the chance to develop a returning consumer base. A final thought is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? How might the regional average home earnings impact future revenue prospects?