Provider of Moving and Storage Services

North East

Provider of Moving and Storage Services
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $6,000,000

EBITDA: $671,000

FF&E: N/A

Inventory: N/A

Established: N/A

Provider of Moving and Storage Services

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Business Description

The Company provides moving and storage services, generating the bulk of its revenue from the transportation of household goods; it also handles corporate relocations on a select basis.

The Company has approximately 75 moving trucks in its fleet, and maintains close to 180 employees during the busy summer months. Historically, the Company catered to its local city market (and surrounding areas), but now handles nationwide transportation services.

The Company generates revenue from Interstate Moving (49% of 2017 revenue), Intrastate Moving (37%), and Packing and Storage (13%). The Company has over 14,000 customers in its database. Management estimates repeat business at approximately 40%.

Detailed Information

Competition:
* Superior Name and Reputation: The Company has a strong reputation for its focus on transportation safety and for providing reliable, high-quality moving and storage services. The Company differentiates itself by utilizing employees – versus owner operators – on assignments, and thereby assuring a consistent standard in the delivery of its services. * Excellent Operations and Company Structure: The Company has established a strong employee base, including key personnel in management, operations, and administrative functions. * Diversified Customer Industries: While the Company caters to the residential/ household sector, it generates a steady level of business from corporate customers. * National Reach: Over the years, the Company has expanded its geographic coverage to include the Northeast, Southeast (particularly Florida), and Western US. Its extensive geographic coverage has facilitated revenue growth, and enabled the business to obtain business from transportation brokers. * Dominant Market Share: With longevity of operations and multiple offices in the area, the Company is recognized as a leader in its regional market.
Financing:
Negotiable
Support & Training:
The shareholders are willing to stay with the Company during a transition period in order to ensure a seamless transfer of ownership. However, the Company’s non-owner managers are expected to remain in the event of a transaction.
Reason for Selling:
Additional capital to take company to the next level
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Doug Smith

Business Listed By:
Doug Smith

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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