Listing ID: 80664
One of Maui, Hawaii’s favorite moving companies is for sale due to the retirement of the owner. For 9 years this professional moving company has been helping Maui residents move anywhere on Maui, Hawaii.
Their 2-man teams are made up of trained local professional movers and packers. They have more than 60 combined years of experience in moving furniture, antiques, customer valuables and treasured possessions. They are insured and have a State of Hawaii PUC license.
The transaction includes all needed assets including a customized Freightliner Van and a GMC Step Van, shipping containers, moving blankets and a small trailer. Included in the asking price these tangible assets are valued at $110,000.
As an essential business they have operated during the Corona virus. This is a fairly simple business to operate and due to the great Hawaii climate, they operate in the warm sunshine for 12 months per year.
Is now the time to own your own profitable Maui, Hawaii business and to enjoy Maui’s paradise?
Please contact us for a detailed Confidential Business Profile which shows complete tax return based financial data and business details.
- Asking Price: $129,000
- Cash Flow: $60,515
- Gross Revenue: $187,843
- EBITDA: N/A
- FF&E: $110,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The business is fully equipped including 2 moving trucks and has all of the equipment needed to successfully operate the business. (Home Based)
Modest direct competition
Increased sales and marketing could increase sales.
This Business Is Home Based
The business was established in 2013, making the business 9 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell businesses. However, the real reason and the one they tell you may be 2 totally different things. As an example, they might claim "I have too many other obligations" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be justifications to try to hide the reality of changing demographics, increased competitors, recent decrease in revenues, or a variety of other reasons. This is why it is very important that you not count totally on a seller's word, but instead, utilize the vendor's answer combined with your overall due diligence. This will repaint an extra practical image of the business's present scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your deal. Numerous businesses take out loans so as to cover items such as supplies, payroll, accounts payable, etc. Keep in mind that sometimes this can indicate that earnings margins are too tight. Lots of organisations come 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 think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that need to be fulfilled or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in brand-new customers? Many times, businesses have repeat consumers, which form the core of their everyday profits. Specific factors such as new competitors growing up around the area, roadway building, as well as personnel turn over can impact repeat clients as well as adversely affect future revenues. One vital thing to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business often, the higher the opportunity to develop a returning customer base. A last thought is the basic location demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Just how might the neighborhood median home earnings influence future revenue prospects?