Listing ID: 79514
Highly profitable household goods moving broker with attractive upside. Price recently improved due to seller’s limited time now spent on other business interests. Highest rated online and DOT reviews compared to their competition. Exclusive booking agent agreements with several carriers which other brokers simply don’t have. These carriers pay for leads (the highest expense in this type of business) and pay monthly fee to have this company manage their customer service. Seller is entering in to the lead generation business and will offer new owner deeply discounted leads. They offer full service moving, packing, storage and auto transport services. As a broker for multiple carriers this business has extremely low overheard in relation to annual revenue and very attractive nationwide upside potential.
- Asking Price: $199,000
- Cash Flow: $276,384
- Gross Revenue: $836,135
- EBITDA: N/A
- FF&E: $3,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2019
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,300
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
2 weeks included in sale price. Additional transition training is negotiable
Seller pursuing other business interests
Highest rated online and DOT reviews. Exclusive booking agent agreements .
Upside is unlimited by increasing contracted sales team.
The business was started in 2019, making the business 3 years old.
The business has 2 employees and is located in a building with disclosed square footage of 1,300 sq ft.
The real estate is leased by the company for $1,812 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals decide to sell companies. Nevertheless, the true factor vs the one they tell you might be 2 totally different things. For instance, they might say "I have too many other responsibilities" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be justifications to try to hide the reality of transforming demographics, increased competitors, current decrease in incomes, or a variety of other reasons. This is why it is really vital that you not count completely on a vendor's word, but instead, make use of the seller's response in conjunction with your overall due diligence. This will paint a much more reasonable picture of the business's present situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans with the purpose of covering items such as stock, payroll, accounts payable, etc. Remember that sometimes this can mean that earnings margins are too thin. Numerous companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that have to be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new consumers? Many times, operating businesses have repeat clients, which develop the core of their daily earnings. Particular variables such as brand-new competition growing up around the area, road building, as well as employee turn over can impact repeat clients and also negatively influence future profits. One crucial thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the higher the possibility to build a returning consumer base. A final idea is the general location demographics. Is the business placed in a densely inhabited city, or is it situated on the outskirts of town? How might the neighborhood median house income effect future revenue prospects?