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High End Moving and Storage Company Looking for Strategic Partner

Bergen County, NJ

High End Moving and Storage Company Looking for Strategic Partner
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Asking Price: $750,000

Cash Flow: $300,000

Gross Revenue: $1,433,000

EBITDA: N/A

FF&E: $450,000

Inventory: N/A

Rent: $0.00

Established: 2006

High End Moving and Storage Company Looking for Strategic Partner

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Business Description

Looking to sell up to 50% of the Company to the right partner. $1.5M is 100% valuation. This Company is well branded and positioned to grow. Currently the Company is owned by two partners who are looking for a strategic partner to inject growth. Ideal opportunity for a firm that is already in the “trucking” space to acquire and tap the high margin “household goods” and “high value goods” markets.

This Company offers a wide range of professional moving services:
• Local and national moving
• Residential moving
• Commercial moving
• International relocation services

The Company also offers services that include long or short term climate-controlled storage as well as moving of fine arts, pianos and custom crating. The Company is a New York based full service moving company and provides a one-stop-shop experience.

The Company currently leases a 10,000 sq. ft.+ commercial building with an office, a dock and a warehouse.

Over the years, the Company has established a reputation that enjoys repeat high-end clients. They are the “go to” movers for a strong customer base of designers, brokers and clients moving expensive household goods.

The Company is licensed by Federal Maritime Commission (FMC) as an NVOCC (Non-Vessel-Operating Common Carrier) to handle all international shipping needs. The Company is a member of the American Moving and Storage Association (AMSA), the Better Business Bureau (BBB), and the International Movers Association (IMA). The Company has been recognized by these organizations with awards of excellence.

The owners of The Company maintain process and procedure that can be duplicated in any port in the USA

Detailed Information

Location:
Bergen County, NJ
Real Estate:
Leased
Building SF:
10,000
Lease Expiration:
N/A
Employees:
18
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The Company currently leases a 10,000 sq. ft.+ commercial building with an office, a dock and a warehouse.
Competition:
In an service industry where reputation is key you will learn The Company is award winning with the ability to move “household goods” and “high value goods”. This is a high margin side of the trucking business. The Company is licensed by Federal Maritime Commission (FMC) as an NVOCC (Non-Vessel-Operating Common Carrier) to handle all international shipping needs. The Company is a member of the American Moving and Storage Association (AMSA), the Better Business Bureau (BBB), and the International Movers Association (IMA)
Growth & Expansion:
The owners of The Company maintain process and procedure that can be duplicated in any port in the USA. The FMC license to move household goods internationally is under utilized.
Support & Training:
Both owners wish to stay on as equity partners.
Reason for Selling:
Strategic partner for growth
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Michael Farruggia

Business Listed By:
Michael Farruggia

Synergy Business Brokers

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Sponsoring Broker:
Blake Taylor

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