u/StickyProductiveRedd

Inherited a 70+ year old moving + records storage company and trying to understand realistic sellability over the next few years.

Business is roughly:

• ~$800k annual revenue
• ~$180k net income last year
• About half the revenue is recurring records storage
• ~150 storage clients
• 8–10 employees
• Experienced GM and long-term staff already run day-to-day operations
• Semi-absentee ownership already functioning

A reputable valuation firm recently valued the operating business at roughly $725k.

The land/building may be sold separately. Real estate is probably worth around $1M.

The books are not spotless, but we have P&Ls, balance sheets, tax returns, and bank statements going back ~20 years.

The business is likely in slow decline overall, especially records storage as companies move away from paper storage. Still consistently profitable with solid cash flow.

I live overseas now and would eventually prefer to simplify things rather than manage a business remotely forever.

Main questions:

1. How hard is a business like this realistically to sell?
2. How close are professional valuations usually to actual sale prices?
3. Any major advice for preparing a business like this for sale?
4. Better to sell land first, business first, or package everything together?

Not looking for exact valuation advice. Just trying to understand how buyers think about businesses like this in practice.

Inherited a 70+ year old moving + records storage company and trying to understand realistic sellability over the next few years.

Business is roughly:

• ~$800k annual revenue
• ~$180k net income last year
• About half the revenue is recurring records storage
• ~150 storage clients
• 8–10 employees
• Experienced GM and long-term staff already run day-to-day operations
• Semi-absentee ownership already functioning

A reputable valuation firm recently valued the operating business at roughly $725k.

The land/building may be sold separately. Real estate is probably worth around $1M.

The books are not spotless, but we have P&Ls, balance sheets, tax returns, and bank statements going back ~20 years.

The business is likely in slow decline overall, especially records storage as companies move away from paper storage. Still consistently profitable with solid cash flow.

I live overseas now and would eventually prefer to simplify things rather than manage a business remotely forever.

Main questions:

1. How hard is a business like this realistically to sell?
2. How close are professional valuations usually to actual sale prices?
3. Any major advice for preparing a business like this for sale?
4. Better to sell land first, business first, or package everything together?

Not looking for exact valuation advice. Just trying to understand how buyers think about businesses like this in practice.

Inherited a 70+ year old moving + records storage company and trying to understand realistic sellability over the next few years.

Business is roughly:

• ~$800k annual revenue
• ~$180k net income last year
• About half the revenue is recurring records storage
• ~150 storage clients
• 8–10 employees
• Experienced GM and long-term staff already run day-to-day operations
• Semi-absentee ownership already functioning

A reputable valuation firm recently valued the operating business at roughly $725k.

The land/building may be sold separately. Real estate is probably worth around $1M.

The books are not spotless, but we have P&Ls, balance sheets, tax returns, and bank statements going back ~20 years.

The business is likely in slow decline overall, especially records storage as companies move away from paper storage. Still consistently profitable with solid cash flow.

I live overseas now and would eventually prefer to simplify things rather than manage a business remotely forever.

Main questions:

1. How hard is a business like this realistically to sell?
2. How close are professional valuations usually to actual sale prices?
3. Any major advice for preparing a business like this for sale?
4. Better to sell land first, business first, or package everything together?

Not looking for exact valuation advice. Just trying to understand how buyers think about businesses like this in practice.