Listing ID: 78688
Owner purchased in Spring of 2019 and has grown to #1 in the market for removal and recycling. Over 68% growth. Owner has been very active in day-to-day activities and profits continue to grow. Due to personal family and other business reasons, 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. 60% of all items from job sites are removed by recycling vendors from our facility and pay us…….. 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 governments. 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: $298,000
- Cash Flow: N/A
- Gross Revenue: $641,000
- 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
KC Location - $2,750/month - approximately 2 years remain on the lease. "3" Full size Izuzu Junk Hauling trucks ( Buyer assumes Truck payments)
Owner will assist in the transition and ongoing support. ( Call Center)
Personal family issue
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 why individuals choose to sell operating businesses. Nonetheless, the real reason and the one they say to you may be 2 absolutely different things. For instance, they may state "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors stand. But also, for some, these might simply be excuses to try to conceal the reality of transforming demographics, increased competitors, current decrease in earnings, or an array of other factors. This is why it is really crucial that you not count totally on a vendor's word, however instead, make use of the seller's answer in conjunction with your general due diligence. This will repaint an extra reasonable image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many operating businesses borrow money in order to cover items like inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can suggest that profit margins are too tight. Many businesses fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that need to be fulfilled or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the location attract new customers? Most times, businesses have repeat consumers, which form the core of their everyday revenues. Specific elements such as new competitors sprouting up around the area, roadway construction, as well as staff turnover can influence repeat customers as well as adversely affect future profits. One essential point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to develop a returning consumer base. A final idea is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood average household income influence future earnings prospects?