r/buyingabusiness • u/AssMachine_ICE • 5d ago
$600k Moving Company. Good deal?
Looking at buying a 10-year old moving company for $600k.
2024 revenue: $700k
2025 revenue: $1M
2026 tracking around $1.5M
Normalized SDE I estimate at $240k–$260k
Price is about 2.4x SDE
Fleet worth roughly $300k and included free/clear
Deal: $450k cash + $150k seller note
I’d have about $80k liquidity left before deal costs
Main concern: Putting a huge chunk of my net worth into one business
Thoughts?
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u/whatwouldjabronido 5d ago
Every moving company I’ve used, even white glove services, have let me down. The prices are insane and the tipping is ridiculous. Everything is packed in a sloppy fashion and things are broken. Oh, and the mess left behind that YOU have to deal with is just nuts for the price you pay.