Listing ID: 79092
This moving business is a local, family-owned and operated company with over 20 years of experience providing residential and commercial moving services, office installations, delivery services, junk removal and storage. This very well diversified company has come to be known for their professional, reliable and affordable services.
Conveniently located in Chittenden County, VT the business is in a unique position to provide its services throughout New England. The great reputation this company has created affords many longtime repeat commercial customers, one being the largest hospital in state of Vermont. The opportunity exists to bring on additional staff and trucks to increase business locally and out of state.
- Asking Price: $415,000
- Cash Flow: $164,816
- Gross Revenue: $724,416
- EBITDA: N/A
- FF&E: $20,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1996
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
As needed / to be negotiated
The business was founded in 1996, making the business 26 years old.
The company has 7 FT - 3PT employees and is situated in a building with estimated square footage of N/A sq ft.
The real estate is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell companies. Nonetheless, the genuine reason and the one they say to you may be 2 completely different things. As an example, they may say "I have way too many other obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these may just be justifications to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in revenues, or a variety of various other reasons. This is why it is extremely crucial that you not depend completely on a vendor's word, but instead, make use of the seller's answer combined with your general due diligence. This will paint an extra realistic picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous businesses finance loans with the purpose of covering items like inventory, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that profit margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that have to be fulfilled or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location draw in brand-new consumers? Many times, operating businesses have repeat clients, which create the core of their daily profits. Specific elements such as brand-new competition growing up around the area, roadway construction, as well as employee turnover can impact repeat customers as well as adversely influence future earnings. One essential point to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the higher the opportunity to construct a returning customer base. A final thought is the general area demographics. Is the business located in a densely populated city, or is it located on the outskirts of town? Exactly how might the local average family income influence future revenue potential?