Listing ID: 81612
This is a well-established service for residential and commercial moving. It is a service that offers clients a cheaper, easier, and greener way to move. Whether you are the buyer or seller. Serving the entire St. Louis region, it also includes storage. Step into this easy to run business with energy and ambition and easily double its sales and profits. For more information, call Brian Jones at 314-960-6063 or firstname.lastname@example.org.
- Asking Price: $150,000
- Cash Flow: $52,114
- Gross Revenue: $135,893
- EBITDA: N/A
- FF&E: $30,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2012
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,700
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Building Lease 1,700 sq. ft. @ $650,00 per month
Focus on other Business
The business was founded in 2012, making the business 10 years old.
The company has 2FT employees and resides in a building with estimated square footage of 1,700 sq ft.
The building is leased by the business for $650 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell businesses. Nonetheless, the true factor vs the one they tell you might be 2 totally different things. As an example, they might say "I have a lot of other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be excuses to attempt to conceal the reality of transforming demographics, increased competitors, recent decrease in revenues, or a range of various other reasons. This is why it is extremely crucial that you not count completely on a vendor's word, however rather, utilize the vendor's response along with your general due diligence. This will repaint a much more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your deal. Many companies take out loans so as to cover things like stock, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that earnings margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that need to be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in new consumers? Most times, businesses have repeat customers, which create the core of their everyday revenues. Specific variables such as brand-new competition growing up around the location, roadway construction, and personnel turn over can impact repeat customers and negatively influence future revenues. One vital thing to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the chance to construct a returning client base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it located on the edge of town? Just how might the regional typical house income effect future income potential?