Moving Business For Sale

Business description

Our client is the owner of a moving and storage company; a provider of moving and storage services for commercial and residential customers residing in Westchester, Putnam and Dutchess counties in New York as well as Connecticut customers. The business is complete with a fleet of 25 trucks and over 300 containers. The business has a long-standing track record of repeat customers with 50% of them stemming from local moving jobs and 50% from out of state. For more than 15 years, the business has been providing complete customer satisfaction in all aspects of moving and storage. The company is licensed to move in the 48 contiguous states giving it the flexibility to work well within the customers needs. Whether it be a local move down the street, or a move across the country, this company has been a reliable, consistent business for the local and surrounding communities, offering quality service rarely seen in the moving industry. The owner is at the point of retiring at this stage in his life and would like to sell to a buyer that can not only maintain what he has built over the years, but a buyer that can grow the business in new directions.

Property information

Real Estate:

Lease

Lease terms:

The business is situated in a leased building of 2,000 sq. ft. of office space, and maintains 26 vehicles (approximately $400,000 replacement value), which are fully owned by the owner.

Location:

The business is located in Putnam County, New York. The business is a C-corporation established in 1990 by the owner. The business also maintains three locations which utilizes container storage space of 5,000 sq. ft. each.

Other information

Expansion potential:

Future growth is possible to the buyer who maintains a positive attitude towards new markets, looks for avenues of expansion, and utilizes the internet as a means to facilitate marketing to local homeowners.

Competition / Market:

The business sources its customers through its strong tenure in the community, strong marketing, a positive reputation, as well as through word of mouth. Reputation is very important in the moving business; this business has many repeat customers (within 3-7 years normally), stemming from past satisfaction with the service they received from the company.

Reasons for selling:

Retirement

Inventory / Stock value:

$400,000 (included in the asking price)