Listing ID: 84046
Business Overview
This junk removal business provides roll-off dumpster and cleanout services to individuals, businesses and contractors. Its staff of the owner and 2 employees handle the day-to-day business activities of performing home and business cleanouts and the delivery and pickup of 10’ and 20’ roll-off dumpsters. Clean out services include whole-house clean outs and removal of contents from attics, basements and garages.
The business services many customers annually with lots of repeat business and new customer referrals. The business also does light demolition and removal for pools, hot tubs sheds, etc. They are also fully equipped to handle construction debris and junk removal. Simple dumpster rental services are also provided to “do it yourself” customers.
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Financial
- Asking Price: $425,000
- Cash Flow: $183,000
- Gross Revenue: $400,000
- EBITDA: N/A
- FF&E: $193,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2002
Detailed Information
- 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
Currently run from the owner's home office with a rented dumpster yard located nearby. New owner could continue to rent that property or move the dumpster yard elsewhere.
Seller will stay on for a transition/training period.
Owner is focusing on a different business and not enough time to do this.
Not the only junk removal service but they do very well and offer a more personalized service compared to their competitors.
There are many opportunities to expand the business revenues such as: 1. Expanding the geographic area being serviced, 2. Hiring more staff and putting a 2nd junk truck on the road full time 3. Buying more dumpsters to rent out 4. Increasing the marketing and advertising budget
Additional Info
The business was established in 2002, making the business 20 years old.
The business has 2 employees and is situated in a building with disclosed square footage of N/A sq ft.
The building is leased by the company for $0.00
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell companies. Nonetheless, the genuine factor vs the one they tell you may be 2 entirely different things. As an example, they might claim "I have way too many various responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may simply be reasons to try to conceal the reality of transforming demographics, increased competitors, current decrease in profits, or a variety of various other reasons. This is why it is really essential that you not rely entirely on a seller's word, however rather, make use of the seller's response in conjunction with your general due diligence. This will paint an extra practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money in order to cover things like supplies, payroll, accounts payable, etc. Remember that in some cases this can suggest that earnings margins are too small. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be met or may result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract new clients? Many times, companies have repeat clients, which form the core of their daily profits. Certain factors such as brand-new competition sprouting up around the location, roadway building, as well as personnel turn over can affect repeat customers and adversely influence future profits. One crucial point to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business on a regular basis, the greater the chance to develop a returning consumer base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it situated on the edge of town? Exactly how might the neighborhood median household earnings influence future earnings prospects?
