Listing ID: 83805
This is a unique roll-off dumpster business located in Western Florida. The business was established in January 2018 by the current owner as an established franchise with 5 exclusive territories.. In addition to Naples, the company does business in the Marco area and Fort Meyers. There are three undeveloped territories included in the sale.. The business operates with 2 full time employees, including the owner. The owner recently replaced an operations manager and is focused on growing the Company and recovering from a drop in Sales due to economic impact of COVID. The other employee is paid $52,000.00 per year plus an annual bonus of $3,500.00 that increases $500.00 per year. This Employee is being groomed for management and is very capable of handling day to day operations. The owner is willing to stay on for an extended transition. There is tremendous opportunity for expansion. The business prides itself on excellent service and competitive pricing. Th equipment consists of 2 tandem axel trucks; 53 dumpsters – 18 30-yard, 4 10-yard and 31 20-yard dumpsters. In addition, they have all the additional and miscellaneous equipment to operate the business. The owner indicated that his current equipment could produce income of approximately $1,400,000.00 annually. All equipment was purchased new in the last 3 1/2 years.
- Asking Price: $1,130,000
- Cash Flow: $160,000
- Gross Revenue: $575,000
- EBITDA: N/A
- FF&E: $840,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2018
- 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 occupies ¼ acre in Naples and ¼ acre in Fort Meyers. Gross Rents total approximately $2,100 per month.
The venture was established in 2018, making the business 4 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals resolve to sell operating businesses. Nonetheless, the real reason and the one they say to you might be 2 entirely different things. For instance, they might state "I have too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competition, recent reduction in profits, or an array of various other factors. This is why it is extremely essential that you not depend entirely on a seller's word, yet instead, use the seller's response combined with your general due diligence. This will repaint an extra practical image of the business's current circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover things like inventory, payroll, accounts payable, and so on. Remember that in some cases this can indicate that revenue margins are too thin. Lots of businesses fall 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 consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be met or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in brand-new clients? Many times, companies have repeat customers, which develop the core of their daily earnings. Particular aspects such as brand-new competition sprouting up around the area, road building and construction, and personnel turn over can affect repeat consumers and adversely impact future profits. One essential point to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the greater the chance to build a returning customer base. A last idea is the general area demographics. Is the business situated in a largely populated city, or is it located on the edge of town? How might the regional typical family income effect future earnings potential?