Profitable Moving Company -Absentee Owner

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Strong Management in Place!
Asking Price:
$129,000

Gross Revenue:
$232,876
Cash Flow:
$55,026
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$2,000
not included in asking price

FF&E:
$2,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Profitable, well established business with great growth potential. The company is a New Jersey based moving and storage company. It was founded 30 years ago and has been providing dependable, quality moving, packing and storage services in New Jersey and the Continental United States since then. Two-thirds of their new bookings come from past customers & referrals.

About the Business

Year Established:
1986
Number of Employees:
2 FT/ 2 PT
Relocatable:
Yes
Facilities:
The company occupies 1,600 sq ft in a leased facility in Middlesex County. Additional storage space is leased as needed.
Market Outlook/
Competition:
After the 2008 crash, the moving industry was greatly affected. There were over 400 movers in the state and about half of them survived. The moving industry has now rebounded and poised for significant growth in the coming years.
The company's greatest strengths are:
31 years in business
Great reputation
65% of new business from referrals
Loyal hardworking staff
Weaknesses and threats are:
Capital / Cash Flow is insufficient for growth
Growth & Expansion:
There is a great potential for growth. The company purposely downsized several years ago when the owner moved out of the country. A new owner who wishes to invest in a growth strategy could grow the business substantially. Growth would only be limited by vision of the new owners. Simply by advertising and investing in employees and additional equipment, growth will occur.

The business environment today will facilitate the growth process. Adding commercial moves will also add new business.
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About the Sale

Reason For Selling:
Owner lives outside of the country and can no longer manage the business.
Training/Support:
Will train for 4 weeks @ no cost
Moving, packing and storage services in New Jersey and the Continental United States.
Seller Financing:
Cash

Listing Info

ID:
1450045
Ad Detail Views:
251

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Business Listed by

Ed O'Deven

Murphy Business Sales

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U.S. Census Data for Middlesex County, NJ
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Middlesex County, NJ
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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