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Storage and Moving Service Business with Recurring Warehouse Revenue

Outer Banks, NC
  • Asking Price$900,000
  • Revenue$1,730,000
  • Cash Flow$305,000
  • Inventory$5,000
  • FF&E$300,000
  • Real estate$1,005,000
  • *INCLUDED IN ASKING PRICE
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CONTACT THE BROKER

Erik Sullivan web
Erik Sullivan
919-263-2550

Business Description

Retiring owner in highly desirable market!

In business over 25 years, this company’s reputation in the community is outstanding. Its primary customer base consists of residential homeowners moving to and from the area, and residents moving locally.

Limited competition exists in this growing market. The Company uses its own fleet of vehicles, and the owner has invested in quality equipment to continue attracting new customer segments. With consistent revenue growth over its history and an established foundation, the business is primed to grow for many years to come.

Owner is retiring and wants to responsibly pass business to new ownership. Willing to offer attractive training period with strong offer. Employees have been notified that business is for sale. Owner would prefer to sell the real estate with business.

Company Highlights:
• Consistent, clean financials
• Recurring revenue elements
• Real estate available
• Several opportunities for growth
• Most business from word-of-mouth
• No customer concentration
• Established reputation
• Limited competition
• High barrier to entry for storage/warehousing

Real estate features a standalone facility with warehouse space, staging area, shipping docks, overhead roll up doors, and office space – real estate comes with additional ±1 acre lot to allow for future expansion. Buyer must demonstrate financial capability. The business and real estate have been prequalified for an SBA loan package that includes the business, real estate, and $100,000 in working capital for a Buyer with approximately $315,000 down.

Comprehensive marketing package including detailed video overview available upon initial interview and signing of non-disclosure agreement. To learn more, contact Jonah Pollone at MidStreet at (919) 263-2550 or jonah@midstreet.com. Real Estate offered through MidStreet Realty, Inc.
INVENTORY

Included in asking price

Real estate

Owned; not included in asking price

building square footage

15,000+

Furniture, Fixtures, & Equipment (FF&E)

Included in asking price

Facilities

Well maintained with proximity to major markets. Real estate offered through MidStreet Realty, Inc.

Competition

While limited competition does exist, this business is one of the largest and most well-known in the area and has a major reputation advantage. Competitors have unsophisticated operations.

GROWTH & EXPANSION

Growth opportunities include warehousing price increases, expansion of warehousing space for additional storage, organic growth of the company’s service area, and increasing number of commercial customers. Additional opportunity exists to expand company footprint and labor-force through acquisitions.

Support & Training

Extensive onsite transition support and call/email support will be made available and are included in the purchase price. Employees have been notified the business is for sale.

Reason for Selling

The current owner wishes to retire after many successful years in business.

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Understand Buyer Financing

Almost all buyers will use some type of financing when they purchase a business. If you plan to finance, then you need to know your options. Informed buyers have time to prepare for the buying process, while those who wait wind up slowing down the deal. Don’t wait.
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