Listing ID: 78995
Highly profitable moving company and turnkey business opportunity located in Merrimack NH. Over the course of 38 years of doing business this company has built a strong reputation in the community through a unique referral network of residential and commercial clients and consistent quality service.
The primary area of operation is in NH and MA, but the business is licensed in all 50 states and currently handles long-distance moves. The company has a professional quality and up-to-date website that keeps the business current and accessible. Currently marketing to all new homeowners in the area with personal post-cards ensures consistent business.
Equipment includes 4 large branded moving trucks and one utility trailer. Currently in a leased space with 1,200 Sq ft office and 5,000 ft warehouse space with loading dock.
Rent includes utilities and 21 parking spaces.
Seller will consider some seller financing to qualified buyers and the opportunity for a buy-out partnership. This is an incredible opportunity to enter a successful business for any serious entrepreneur.
- Asking Price: $575,000
- Cash Flow: $200,000
- Gross Revenue: $525,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1983
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:6,200
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Location consists of a 5000 sq ft warehouse space with loading dock access and large parking lot. Front end of the unit is 1,200 sq ft of office space with front-end parking and entryway.
Owner to assist in transition for a period of 2 weeks
Owner retiring after 38 years in the business
Moving company with lots of goodwill in the community, large roster of contacts, and unique marketing and referral network.
Opportunity to expand hours of operation, increase number of trucks and employees, selling moving/packing supplies, offering packing services, and increasing management to handle logistics of increased business.
The company was started in 1983, making the business 39 years old.
The company has 5-10 employees and is situated in a building with approx. square footage of 6,200 sq ft.
The real estate is leased by the business for $2,500 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. Nevertheless, the true factor vs the one they say to you may be 2 entirely different things. As an example, they might say "I have too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might just be reasons to try to conceal the reality of altering demographics, increased competitors, current reduction in revenues, or an array of various other factors. This is why it is really essential that you not rely completely on a seller's word, yet instead, utilize the seller's response along with your total due diligence. This will paint an extra realistic image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous companies finance loans with the purpose of covering points like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can indicate that revenue margins are too thin. Lots of 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 equipment or the building where the business resides. The business might have existing contracts with suppliers that should be satisfied or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location bring in new customers? Most times, operating businesses have repeat customers, which form the core of their daily earnings. Specific factors such as brand-new competitors sprouting up around the location, road building, and also personnel turn over can impact repeat consumers and adversely influence future revenues. One essential point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business on a regular basis, the higher the chance to build a returning client base. A last idea is the general area demographics. Is the business placed in a largely inhabited city, or is it located on the outskirts of town? How might the local typical family income influence future revenue prospects?