Listing ID: 79487
Very Unique Niche Business in the moving and storage and assembly of Office Furniture and Equipment. They provide specialty services which include 1. Receiving and warehousing, 2. Delivery, 3. Installation and reconfiguration, 4. Storage. With a 20,000 sq ft facility they neatly warehouse everything in an organized tagged and exceptionally clean manner. They provide turnkey services for furniture dealers and designers. From one or two items to complete corporate relocations, they will help coordinate, plan and execute an entire move. Their highly trained professionals will pick-up and store the items for as long as needed and redeliver the items and even hang pictures, TV’s etc. This is a highly profitable business With Financing Available! Don’t Miss This Opportunity! Please refer to listing 7301236133, Business Broker John Devries 772 260-7647 when you inquire about this listing.
- Asking Price: $1,800,000
- Cash Flow: $436,827
- Gross Revenue: $1,551,685
- EBITDA: N/A
- FF&E: $110,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:20,000
- Lot Size:N/A
- Total Number of Employees:16
- Furniture, Fixtures and Equipment:N/A
Lease/Month: 18,610 Square Footage: 20,000 Building Type: Commercial Terms & Options: Negotiable Expiration Date: 1/1/2026
4 weeks training at no cost
Non Compete : Miles: 50 Years: 5
The business was started in 2008, making the business 14 years old.
The business has 16 employees and resides in a building with estimated square footage of 20,000 sq ft.
The real estate is leased by the business for $18,610 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell companies. Nonetheless, the real factor vs the one they say to you might be 2 entirely different things. As an example, they may state "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. But, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competitors, recent decrease in incomes, or an array of other reasons. This is why it is really crucial that you not rely completely on a vendor's word, but instead, utilize the seller's answer together with your general due diligence. This will paint a more sensible picture of the business's present scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your deal. Many businesses take out loans so as to cover things like stock, payroll, accounts payable, and so on. Bear in mind that in some cases this can mean that profit margins are too small. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that need to be fulfilled or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area draw in new consumers? Often times, companies have repeat consumers, which form the core of their everyday revenues. Certain elements such as new competition sprouting up around the area, road construction, as well as employee turnover can impact repeat clients and also adversely impact future earnings. One vital point to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business regularly, the higher the possibility to develop a returning consumer base. A final idea is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? How might the local median household income influence future earnings potential?