Listing ID: 82804
What a fantastic income generating business located in Missouri!! This company was started over 24 years ago and has built a reputation for quality service, clean equipment, friendly and professional staff and competitive rates. The unique and low-cost marketing strategy has proven to be a successful format for generating revenues as well as repeat clientele. This business services the greater St. Louis metro area including St. Charles County. Business does not currently perform interstate moving services and drivers are not required to have Commercial Drivers License due to the equipment weighing less than 26,000 pounds. Don’t let the 2018 earnings discourage you as 2019 is proving to be a fantastic year! The owner is committed to a smooth transition. A must see for the entrepreneur looking for great profit margins, easy operation, and a huge growth potential.
- Asking Price: $225,000
- Cash Flow: $63,031
- Gross Revenue: $356,060
- EBITDA: N/A
- FF&E: $40,000
- Inventory: $3,000
- Inventory Included: Yes
- Established: 1995
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:13
- Furniture, Fixtures and Equipment:N/A
Lot storage for trucks
Owner is committed to a smooth ownership transition.
Owner relocating for family.
The venture was established in 1995, making the business 27 years old.
The sale shall include inventory valued at $3,000, which is included in the asking price.
The business has 13 employees and resides in a building with estimated square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals resolve to sell operating businesses. However, the genuine factor and the one they tell you may be 2 completely different things. For instance, they might state "I have way too many various commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent decrease in earnings, or a variety of other reasons. This is why it is very vital that you not count completely on a seller's word, however rather, make use of the vendor's response together with your overall due diligence. This will paint a more sensible picture of the business's existing scenario.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many companies finance loans so as to cover items like stock, payroll, accounts payable, etc. Remember that occasionally this can indicate that revenue margins are too small. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with suppliers that have to be met or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location draw in brand-new customers? Many times, businesses have repeat consumers, which develop the core of their day-to-day profits. Particular elements such as brand-new competition growing up around the area, road building and construction, and also staff turnover can affect repeat clients and also adversely influence future incomes. One important point to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the highway? Clearly, the more people that see the business regularly, the higher the opportunity to build a returning consumer base. A last thought is the basic location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? How might the regional average home earnings influence future earnings potential?