Businesses For Sale > Business For Sale in Washington (WA)
Moving Company with Diversity in Corporate, Military, And Residential Packing, Hauling, or Storing for sale in WA
Washington (WA)
Asking Price: |
Gross: |
Cash Flow: |
$ 26,000,000 |
$ 31,000,000 |
$ 4,340,000 |
Furniture and Fixtures Value:
$ 10,444,018 (included in the asking price)
Business Summary:
This moving company has been serving Oregon and Washington for 2 decades expanding in over 10 strategic locations. Their services range from office/business moving, contracted military moves, some residential; they also offer packing/crating and warehousing in their storage sites. Consistently growing between 5-10% in revenue is attributed to their very strong organization chart of a P.T. resident CFO, leadership team and regional managers. This allows for passive ownership with the current owner only needing to be present for 2 meetings per month as all of his roles have been absorbed for the last several years. Conservatively projecting $31,000,000 in revenue this year, they will earn 14% profit margin from the clear processes and procedures their divisions have in place. These include call centers, sales, marketing and IT, and drivers. The business has recently started a mobile pod division, allowing them to provide further services to different types of clients and continue the overall growth. Other opportunities include small, inexpensive acquisitions to expand the territory, also they are adding server farm moving and hauling. With their excellent reputation as well as their existing client base and locations they have a service area spanning across local, interstate, and international clients. At a purchase price of $26,000,000, there is an option for the seller to not only provide a 10% seller carry, but to also retain 15% in equity if desired. This is being done to show the vested interest in the ongoing success of the business post-close.
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Year
Business was Established: 20 |
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Number of Employees:
300 |
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Facilities / Terms of Lease:
10+ Locations in the Pacific Northwest |
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Potential
Growth/Expansion:
Recently launched mobile storage/pods, continue to grow through small, inexpensive acquisitions, server farm moving & hauling |
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Owner
willing to finance:
10% Seller Financing $2,600,000 / 15% Equity Roll $3,900,000 |
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Owner
willing to train:
6 months-1 year: All of his roles have been absorbed over the last several years. |
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Reason for selling:
Retirement planning and owns commercial property, looking to deploy more capital there |
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Seller Reference Number: DIS011-F
BusinessMart.com Listing Number: 289501 |
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To request more information
on this business
please fill out the form shown right
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For
more info contact:
Cortney Sells
The Firm
4029985288
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