Top Moving and Storage- Owner Retiring

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Asking Price:
$775,000

Gross Revenue:
$1,385,365
Cash Flow:
$285,432
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$10,000
included in asking price

FF&E:
$50,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Very successful moving, storage and packing business covering the NY Metro area. The business has been in existence for nearly 100 years and has moved multiple generations of families over the years. Very profitable and still lots of potential for growth. The business also has over 350 storage containers all rented and providing approximately $25K in storage income monthly. Very stable and perfect for a company looking for additional territory. Also, a great opportunity for a new operator with good organization and business skills. Over $1M in revenue annually!

About the Business

Year Established:
1920
Real Estate:
Owned
Building Sq. Ft.:
12,000
Facilities:
12,000 sq ft facility with over 350 storage containers on premises. The owner will provide a lease or an option to purchase the building with terms.
Market Outlook/
Competition:
This business stands out for its reputation and long-time success. In an industry where regulations and insurance requirements need to be strict, they win sales consistently against the local competition.
Growth & Expansion:
This business can be easily expanded into a national moving company if interested. A great tri-state territory already established. Business can bring more business locally by adding more sales staff.
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About the Sale

Reason For Selling:
After 42 successful years, the current Owner is eventually retiring.
Training/Support:
Will train for 2 weeks @ $0 cost.
One of the best Moving, Storage and Packing companies in the tri-state area. All insurance up-to-date with consumer affairs and interstate licenses on hand.
Seller Financing:
Lender pre-screened with $155k down.

Listing Info

ID:
1547028
Ad Detail Views:
314

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Business Listed by

Daz Connell

Murphy Business & Financial Corporation

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

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