Listing ID: 78708
Opened in January 2017 and has grown the market to “4 ” hauling trucks and “7” dumpsters. Revenues have grown yearly. This 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. Very technology-driven business showing 13 years of sustainable growth. 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, Jeffreys.firstname.lastname@example.org
- Asking Price: $385,000
- Cash Flow: N/A
- Gross Revenue: $704,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2017
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:9
- Furniture, Fixtures and Equipment:N/A
Leased warehouse for recycling component. Lease is year to year with the option to renew and assignable. 4 Junk Hauling trucks and 7 Mini bin dumpsters ( 1 truck paid off, 3 trucks buyer assumes payments)
The owner will assist in the transition and ongoing support. ( Call Center)
Partners and other business
2nd largest brand in the industry
Huge market to add trucks and dumpsters.
The company was founded in 2017, making the business 5 years old.
The business has 9 employees and is situated in a building with approx. square footage of N/A sq ft.
The property is leased by the company for $1,400 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people decide to sell companies. Nonetheless, the genuine reason and the one they say to you may be 2 absolutely different things. For instance, they might say "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be justifications to try to conceal the reality of altering demographics, increased competition, current decrease in profits, or an array of various other factors. This is why it is extremely essential that you not count entirely on a seller's word, however instead, utilize the vendor's solution along with your total due diligence. This will repaint a much more reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous companies finance loans with the purpose of covering things like stock, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that earnings margins are too small. Lots of organisations fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that must be satisfied or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location attract new consumers? Most times, businesses have repeat consumers, which form the core of their day-to-day earnings. Certain elements such as brand-new competitors growing up around the location, road building and construction, as well as employee turn over can influence repeat customers and negatively influence future incomes. One crucial point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more people that see the business regularly, the better the opportunity to construct a returning customer base. A last idea is the basic area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Just how might the neighborhood average home income influence future earnings potential?