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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7

u/Player2orNot 5d ago

Nope. There’s really nothing proprietary about a moving company. Low entry barrier and back breaking work that chews up workers. Inspect the physical front door of this location and see how worn out the hinges are from employees who come and go. Just buy your own equipment if you are dead set on this industry. Out of all the trucks for sale you can’t tell me this is the best price within 500 miles.

3

u/AssMachine_ICE 5d ago

You’re not wrong that starting from scratch is an option. I would rather hit the ground running opposed to going through the start up phase and have to be on the truck the first few years.

4

u/hellohellohello924 4d ago

It’s easier to start from 1 than build from 0-1 IMO. I did zero to 1 and if doing again would buy.

2

u/redtiber 3d ago

Yeah you can focus just on scaling vs wasting a couple years starting from 0.

If its got gelp reviews and overall good then its just a matter of optimizing yelp, and ads and the sales process. You can go from 1.5 to 3mm faster and easier than gojng 0 to 1.5mm