Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Does this moving company sell for $26M?!! - Acquisitions Anonymous 275

Does this moving company sell for $26M?!! - Acquisitions Anonymous 275

FromAcquisitions Anonymous - #1 for business buying, selling and operating


Does this moving company sell for $26M?!! - Acquisitions Anonymous 275

FromAcquisitions Anonymous - #1 for business buying, selling and operating

ratings:
Length:
31 minutes
Released:
Feb 27, 2024
Format:
Podcast episode

Description

In this episode of Acquisitions Anonymous, Mills and Heather discuss the sale of a moving company based in Oregon and Washington, established in 1989. The company, with an asking price of $26 million, boasts a cash flow of $4 million and gross revenue of $31 million. It has expanded to over 10 strategic locations and offers services including office and business moving, military contracts, and storage solutions. The discussion covers the company's financials, growth strategies, and the operational complexities of the moving industry. They evaluate the valuation, the practicality of service expansions such as mobile storage and server farm moving, and the challenges of financing such a purchase. The conversation highlights the intricacies of buying and managing a large moving company, touching on seller financing, equity retention, and the potential for strategic buyer interest.You can check out the listing here: https://www.bizbuysell.com/Business-Opportunity/moving-company-with-client-diversity-in-packing-hauling-and-storage/2023125/Thanks to this episode's sponsors:Acquisition Lab and their team have been longtime supporters of the pod.Created by Walker Diebel author of Buy Then Build: How to Outsmart the Startup Game, is an accelerator with a highly vetted cohort-based educational and support community for people serious about buying a business.Acquisition Lab exists to help people buy a business and navigate all the complexities of the process, as well as provide a trusted framework, tools, and resources to support you from search to close.If you are serious about buying a business, check out acquisitionlab.com or email the Lab's director Chelsea Wood, chelsea@buythenbuild.com.-------------CloudBookkeeping offers adaptable solutions to businesses that want to focus on growth with a “client service first” approach. They offer a full suite of accounting services, including sophisticated reporting, QuickBooks software solutions, and full-service payroll options. Do you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel. Do you enjoy our content? Rate our show! Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.
Released:
Feb 27, 2024
Format:
Podcast episode

Titles in the series (100)

Learnings about small business acquisitions and operations.Hosted by Bill D'Alessandro, Mills Snell & Michael Girdley Support this podcast: https://anchor.fm/dealtalk/support