Field Notes: A Decade-Old Document Shredding Company
Explore Financial Viability, Market Opportunities, and Operational Strengths
I was going to pass on making a field note from this listing, but two things make it worth a closer look: It’s been around for over a decade, and the stated reason for the sale is retirement. Two things I really like when triaging businesses for sale. Oh, and one more thing: the claimed high Google ranking. How much is that worth, if anything? So, let’s dive into what we can learn from the listing:
This document shredding and storage business presents a potentially attractive opportunity due to its established market position and operational setup, but the high asking price relative to the gross revenue is our first red flag. The training and support offered by the current owner could facilitate a smooth transition, you should have a clear plan for leveraging and expanding the business’s capabilities.
Financial Overview
- Asking Price: $2,900,000
- Gross Revenue: $700,000
- Cash Flow: Not available
- EBITDA: Not available
- FF&E (Furniture, Fixtures, & Equipment): $50,000 (included in asking price)
- Inventory: $350,000 (included in asking price)
- Rent: $4,036 per month
