Senior Moving Co. With Auction, Consignment & Real Estate Division

Hollins, VA (Roanoke County)

America's Best Moving Company
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Asking Price: $1,499,000

Cash Flow: $287,592

Gross Revenue: $1,500,000

EBITDA: $157,106

FF&E: $100,000

Inventory: N/A

Real Estate: $1,000,000

Established: 1996

Senior Moving Co. With Auction, Consignment & Real Estate Division

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Business Description

A One Stop Shop for Any Senior Making a Move

We are a vertically integrated, customer centric SENIOR moving company, poised to serve and capitalize on the tsunami of seniors that will be downsizing over the next 20 years. (90% of our clients are seniors, moving out of their home of many years. And family able to assist are 200 miles away on average). The scope of our service menu means we leave no money on the table, capturing every source of revenue associated with a senior move. No other moving company in America has a consignment shop, auction house and real estate division. And no other generation in history has had the plethora of assets that today's seniors have to cope with. Therein lies the major problem facing any senior trying to move. How to divest the assets? Crowning Touch provides the solution. And because we are willing to go the extra mile for our senior clients, our closing rate is about 90% because we are perceived as being so user friendly. Our various profit centers not only make moving more "fun" but more profitable as well, allowing us to trump traditional moving industry margins by virtue of our retail divisions. And while we make a 50% profit on all the consignment we bring into either our shop or auction house, we have no cost of goods sold. Everything is consigned. What's more, we get paid to bring household items in as part of the moving experience and we get paid at the other end to deliver it to buyers. Every major city in America needs a Crowning Touch to meet the burgeoning needs of the Boomer generation. And to prepare for scaling our 22 year old operation into larger urban environments, we have filed our Federal franchise documents in preparation for franchising as an option to corporate stores. Any potential buyer for the Roanoke corporate headquarters (the Mother Ship, a sub-chapter 'S' corp) will be eligible for shares in Crowning Touch Senior Moving Services Inc., a separate "C" franchise corporation.

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Detailed Information

Location:
Hollins, VA
Real Estate:
Owned
Included in asking price
Building SF:
18,000
Employees:
16
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
We own the 2 buildings we occupy in Roanoke VA, on Williamson Rd., a county road with a traffic count of 24,000 cars per day. One building of 11,000 sq. ft. at 6704 houses our moving company offices as well as our consignment shop and significant consignment storage. The other adjacent building at 6712 Williamson Rd. is approx. 7,000 sq. feet and is home to our monthly Browse and Bid auctions. Of course we have moving equipment including trucks, and multiple offices with computer equipment, new phone and surveillance systems. Mortgage $5000 mo.
Competition:
Crowning Touch has no head to head competition. Our barrier to entry is our extensive service menu. We utilize very limited advertising because word of mouth locally is so robust on our behalf. We are developing/expanding our social media presence. Marketing directors of various retirement communities, and even competing realtors routinely recommend us because no one else does all that we do under one roof. The adult children of our clients are often our most avid promoters because we pitch in to handle ALL the challenges of a move, including clean outs.
Growth & Expansion:
Our sites for expansion have always been envisioned beyond Roanoke. Roanoke is very provincial. Greater opportunities abound beyond our Valley. We are currently licensed to sell franchises in Florida where 10 urban areas provide huge opportunities but lack of financial resources have restrained us. Since we are so unique on the American radar, we could almost immediately gain the competitive upper hand in any community we go into. The full scope of our service is desperately needed everywhere. With Crowning Touch, one call does it all.
Support & Training:
We are dedicated to providing all the necessary training needed for upper management and any support team members, 6 months or longer as needed. Of course the staff on hand is happily ensconced and would love to keep their jobs, having gained extreme proficiency, resulting in our sterling reputation. The owner plans to retire once new management is fully competent.
Reason for Selling:
After 22 years, founder and owner is retiring
Business Website:
http://CrowningTouchUSA.com
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Business Listed By:
Linda Balentine

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