Established & Fast Growing RVA Moving Company With BIG Earnings

Richmond, VA (Richmond City County)

Established & Fast Growing RVA Moving Company With BIG Earnings
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Asking Price: $1,500,000

Cash Flow: $407,514

Gross Revenue: $1,914,140

EBITDA: N/A

FF&E: $263,300

Inventory: $10,000

Rent: $6,667 /Month

Established: N/A

Established & Fast Growing RVA Moving Company With BIG Earnings

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Business Description

This established and fast growing moving and storage business has been in business for several years and has an impeccable reputation on Google Reviews, HomeAdvisor.com and others within the community. It did almost two million dollars in topline sales in 2018 and the owner took in over $400,000 in discretionary earnings for themselves. Sales for the first quarter of this year have almost doubled over last year's first quarter. The owner also projects the business topline to grow around a million dollars more for all of 2019 which will also greatly increase the earnings of the business. A new government related contract should be coming on soon which will also allow it to do even more business. The business concentrates on both residential and commercial moving locally and across country. The storage component of the business provides climate controlled and monitored facilities and is growing quickly.
Several well-cared for trucks and all equipment for running the business are included in the sale. All necessary employees are in place and the owner is willing to stay on for a negotiated period of time to help the new owner with a seamless transition. The business is housed in a leased 40,000 square foot warehouse giving it all the space it needs for operations and storage. The business is priced to sell and contingent on good credit and what you have to work with as far as a down payment goes, we can help you find financing by getting you in front of multiple lenders with our lending program so you can get the best terms on a loan.
The business is located in and primarily serves the bustling Richmond, Virginia area. Richmond has a wonderful economy and housing market, many great schools, outdoor activities and it is centrally located near other booming cities but without the great living expense and dense population. This business would make a great add-on to an existing moving, storage or transportation business. It would also make a great standalone business as it is now for a buyer looking to buy themselves a job, get great training from the current owner and make a great income from an already established and growing business. This is a business that will always be needed and can continue to grow with a new owner who will work it. Contact us today to learn more.

Detailed Information

Location:
Richmond, VA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
40,000
Lease Expiration:
N/A
Employees:
30
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The 40,000 square foot warehouse is leased and can handle the continued growth the business is experiencing.
Competition:
There are other moving companies in the area, but this one has an impeccable reputation and has continued to grow since it started. Moving companies are also always in demand maiking this a great industry to be in.
Growth & Expansion:
The business has already substantially grown through the first quarter of 2019 versus what it did during the same quarter last year and this growth is continuing. A government contract coming on will also help the business grow and because of the central location of the business to the East Coast, it is poised to grow even more with the right buyer who will work it properly.
Support & Training:
The owner is willing to help with training and transition for a negotiated amount of time.
Reason for Selling:
Other ventures
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(from currently available funds)
 
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Casey Grimes

Business Listed By:
Casey Grimes

Seamless Business and Practice Sales

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