Listing ID: 80927

Business Overview

Thriving moving business, a top-tier national franchise, leading the Boise moving and hauling market.

Boise’s premiere moving team. Well-trained staff with 5 full-time employees and 35 part-time employees. In business 3 years, with average revenue growth of 121%. Local and interstate moving operations.

Impeccable reputation with 325 five star reviews on Google and 90 five star reviews on Facebook.

Own 4 trucks outright and lease 3 others with purchase options. 40% local moves, 20% long-distance moves, 20% hauling, 20% other.

Financial

  • Asking Price: $387,500
  • Cash Flow: $167,962
  • Gross Revenue: $1,084,829
  • EBITDA: $99,257
  • FF&E: $120,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,200
  • Lot Size:N/A
  • Total Number of Employees:40
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Light industrial office space and storage facilities with ample space to park the moving trucks.

Is Support & Training Included:

Available for 30 days Full-Time and an extended consulting relationship. Franchisor provides excellent support.

Purpose For Selling:

Owner relocating.

Pros and Cons:

Only company offering both moving and junk hauling. These two revenue streams provide synergy and feed growth in each other.

Opportunities and Growth:

Unique professionalism of our movers supports our reputation and exceptional brand. Culture of going above and beyond for our customers. Potential to scale up to 5,000,000 in annual revenues. Franchise reputation is strong with 40% growth.nationwide.

Established Franchise:

This Business Is An Established Franchise

Additional Info

The company was founded in 2017, making the business 5 years old.

The business has 40 employees and resides in a building with approx. square footage of 2,200 sq ft.
The building is leased by the company for $1,400 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell companies. However, the genuine reason vs the one they say to you may be 2 totally different things. For instance, they might claim "I have way too many other commitments" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might just be justifications to attempt to hide the reality of changing demographics, increased competitors, recent reduction in revenues, or an array of other factors. This is why it is very crucial that you not depend entirely on a vendor's word, yet instead, utilize the vendor's response together with your overall due diligence. This will repaint an extra practical image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Many businesses finance loans so as to cover points such as inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that revenue margins are too thin. Many 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 consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be fulfilled or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do companies in the location attract new customers? Often times, businesses have repeat customers, which develop the core of their everyday profits. Particular elements such as new competition sprouting up around the location, roadway construction, and staff turn over can impact repeat clients and negatively affect future incomes. One important thing to consider is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business regularly, the higher the possibility to develop a returning client base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it located on the outside border of town? Exactly how might the regional typical family income effect future earnings potential?