Why is mobile document shredding a good business?
Due to the industry they operate in or the types of service or product they offer, some businesses are inherently difficult to establish, easily toppled by competition, cause the owner to be constantly on-site to deal with problems and are not easy to sell when the owner wishes to exit. By contrast mobile shredding companies enjoy the following:
The last point above should not be underestimated. One of the key attributes of a business such as mobile shredding is that the business produces a regular cash flow, even if there is a change of ownership.
Existing customers will continue to use the service, referrals will continue and to a large degree staff will run the business while owners become accustomed to operations. These are some of the reasons why mobile shredding businesses that become successful are highly prized acquisition targets corporate who have become more active in the industry.
In addition to the strong cash flow, records storage and management firms are attracted to mobile shredding firms because this gives them a captive audience to sell their archive storage services to, which places an extra premium on the value of a mobile shredding firms customer base.