Well-liked Established Turnkey Opportunity--Training Included!
Business Description
Despite advancements in office technology and communication, paper still is not dead! Thousands of companies still generate paper content that requires storage, scanning and ultimately shredding. This innovative and nimble small business operates well in a mature market by centering its vision around strong and nimble customer support. The owner has steadily grown the business 10% per year for the past ten years. Now, it's time for new ownership to vault this company to grow into a statewide entity and a regional provider of records management solutions for businesses small and large.
In this company, you will lead a small team of records management professionals who provide swift and secure solutions for document storage, file conversion, and destruction. With price points that continue to lay just beneath major competition, you can attract new business away from stodgy corporate entities while building the business into a regional player. Consider these key jobs that still need to be done by homes and businesses alike:
* archival long-term storage of critical business records, managing the lifecycle of the documents on behalf of your clients
* high speed digital conversion of hard copy records into searchable PDFs, helping businesses achieve their goals of a paperless office
* secure destruction of obsolete records, both as a rotational feature and through one-time shred purges.
Your revenues are as dynamic as your daily operations, affording you some stability during fluctuations in the business cycle:
* storage revenues cover all fixed expenses, and require little attention to generate profit
* rotational shredding service revenues cover the payroll of your drivers with 30-40% margins
* shredded paper sales cover the payroll of your warehouse staff with 40-50% margins
* scanning revenue is pure profit with margins between 50-95% costs
It's time for the right entrepreneur to grow this turnkey business into a powerhouse establishment!
In this company, you will lead a small team of records management professionals who provide swift and secure solutions for document storage, file conversion, and destruction. With price points that continue to lay just beneath major competition, you can attract new business away from stodgy corporate entities while building the business into a regional player. Consider these key jobs that still need to be done by homes and businesses alike:
* archival long-term storage of critical business records, managing the lifecycle of the documents on behalf of your clients
* high speed digital conversion of hard copy records into searchable PDFs, helping businesses achieve their goals of a paperless office
* secure destruction of obsolete records, both as a rotational feature and through one-time shred purges.
Your revenues are as dynamic as your daily operations, affording you some stability during fluctuations in the business cycle:
* storage revenues cover all fixed expenses, and require little attention to generate profit
* rotational shredding service revenues cover the payroll of your drivers with 30-40% margins
* shredded paper sales cover the payroll of your warehouse staff with 40-50% margins
* scanning revenue is pure profit with margins between 50-95% costs
It's time for the right entrepreneur to grow this turnkey business into a powerhouse establishment!
About the Business
- Years in Operation
- 10
- Employees
- 4 (2 Full-time, 2 Part-time)
On-demand part time employee for high-volume scanning projects - Facilities & Assets
- Current facility is leased property (16,000 square ft). Sale includes all commercial assets including warehouse items (racks and risers, forklift, pallet jacks, lifts, dollies, equipment carts), industrial shredding equipment (shredder, horizontal baler, numerous bins and shred containers), scanning equipment (wide format scanner, book scanner, high speed pass through scanners, microfilm and microfiche scanners, negative scanners, support computers and applications), office equipment (desks, chairs, computers, phones, kitchen equipment), 2 cargo vans.
- Website
- https://www.milwaukee.thefiledepot.com
- Market Outlook / Competition
- Currently, local competition is limited to national players in three key service profiles:
* RECORDS STORAGE: Iron Mountain; VRC (both national players, not very customer centric. considered overpriced
* DOCUMENT SHREDDING: Shred IT, StrongBox are national franchises and overpriced + low customer experience; Muhommad's Shredding is a local provider; Paper Tiger competes on large projects in local area
* SCANNING: On Course handles large projects and is local. Other national providers hunt for big projects in area but are not local. - Opportunities for Growth
- Growth in territory beyond five central counties (Racine, Milwaukee, Ozaukee, Washington, Waukesha) has high potential. Company has some clients in Port Washington (ripe for growth). Sheboygan, Madison, Oshkosh have high potential for records management services. Current market share within five counties has major upside as businesses look for storage alternatives from the higher-priced corporate offerings.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 16,000
- Rent
- $3,800.00 per month
- Lease Expiration
- 8/31/2026
About the Sale
- Seller Motivation
- Relocation to west coast has diverted focus away from business.
- Transition Support
- Seller is prepared to provide up to 30 days of full time training, and an additional six months of as-needed situational training to become fully operational as an active owner of a newly-branded operation (franchise contract ends in December 2025). Training includes daily operations, client engagement, records management, shredding operations, scanning process.
- Financing Options
- 50% at signing; 50% paid out monthly over 36-months at (prime +4%)
Listing Info
- ID
- 2415654
- Listing Views
Attached DocumentsAttachment Disclaimer
Listing ID: 2415654 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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