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The Wall Street Journal Online

Estate and Consignment sales, --No1 in franchise system

Virginia Beach, Virginia (Virginia Beach City County)

Seller Financing Available

Photo Available
Asking Price:
$85,000
Gross Income:
$278,000
Cash Flow:
$65,000
FF&E:
$10,000.00 *
Inventory:
$2,000.00 **
Real Estate:
N/A
Year Established:
2007
Employees:
4-5 regular PT
Business Types:
Home Furniture & Furnishings
Freight, Moving/Delivery

** not included in the asking price

* included in the asking price

Business Description

The listing price is only 1.5x SDE!
Demographics are on the side of this business.
"More than 100 million baby boomers and their parents will soon need moving and household liquidation services"
This is a fascinating Company that offers the full gamut of services for senior citizens who are either voluntarily downsizing or are unfortunately being foreced to downsize due to health issues or family loss. The Company provides consultation and planning services to the seniors who are moving from the home where they raised their children to the smaller quarters . The Company provides moving services to locate the seniors to their new quarters. For possessions that can't be moved to the smaller accomodations, the Company will hold auctions, tag sales or sells the possessions on the Franchisor's own "Ebay" type web site. In addition, the Company has a consignment store that is new this year and doing very well. sale. Of course, all of these services constitute revenue streams to the Company.

The Company also offers general moving services, both local and long distance through an affiliated relatinship. It has several profitable institutional relationships. Finally, the Company is a U-Haul dealer.

The Company has been featured in the local press.
And, during 2012 has been a top performing franchisee in the system.

Detailed Information

Facilities:
Business leases a store front on a popular six lane thoroughfare. Total sq. feet of 1,190 with 630 sq feet devoted to an office/display area and 560 sq. feet devoted to a warehouse. Lease cost is ~$1,100/mo. Amicable landlord. This store front is a consignment store and leases the Uhauls.
Competition:
While there is competition in the individual services provided by the Company, there is little competition in the full range of services provided by this Company. The Company is having a very good 2012 with revenues and profits up substantially.
Growth/Expansion:
Advertising. Advertising. Networking. Networking.
Financing:
Seller willing to provide some financing
Support/Training:
Seller will provide 30 business days of training. Thereafter will be "on call" for a small fee.
Reason Selling:
Join Father-in-law in business
Contact Seller

Broker Information

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Business For Sale Listed By

Greg Gill
Worldwide/HRVA,LLC

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