Listing ID: 79414
This seasoned automobile transport and delivery service boasts substantial recurring revenue with minimal owner involvement. The business consists of two double car carriers and one four-car carrier driven by experienced contracted drivers monitored by an on-board GPS system that updates the owner, on the status of his drivers, in real time. Exclusive contracts that are as solid as the business itself have saved the owner marketing dollars and has made his job as easy as receiving orders 24 hours in advance and sending the loads to his drivers. All existing vehicles are under 5 years old now. In addition, a bonus new 2021 vehicle has been order-awaiting delivery to the business. Seller financing available to a qualified buyer. Act Now!
- Asking Price: $500,000
- Cash Flow: $107,384
- Gross Revenue: $367,896
- EBITDA: N/A
- FF&E: $250,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2006
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:4
- Furniture, Fixtures and Equipment:N/A
other business interests
This Business Is Home Based
The venture was started in 2006, making the business 16 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons why people decide to sell operating businesses. Nevertheless, the genuine reason and the one they say to you may be 2 totally different things. As an example, they might state "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competition, recent decrease in revenues, or an array of various other factors. This is why it is very vital that you not depend totally on a vendor's word, but rather, use the vendor's solution together with your total due diligence. This will paint an extra realistic image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses take out loans with the purpose of covering points such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that earnings margins are too thin. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that have to be fulfilled or may lead to fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new customers? Many times, businesses have repeat consumers, which develop the core of their everyday earnings. Specific elements such as new competitors growing up around the area, road building and construction, and staff turn over can impact repeat customers as well as negatively influence future incomes. One crucial thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business regularly, the higher the chance to construct a returning client base. A final thought is the basic area demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Exactly how might the neighborhood average home income effect future earnings prospects?