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Moving and Storage Company SC2042


Moving and Storage Company SC2042

 Financial Information

  • Asking Price: $549,000
  • Gross Revenue: $825,000
  • Cash Flow: ON REQUEST
  • Down Payment: 0
  • FF&E (Included): $200,000
  • Inventory: $3,000
  • Financing: Yes
 

 Business Location

  • Sacramento
  • Confidential
  • California
 

Primary Business Category: Used Household and Office Goods Moving

This Northern California based Moving and Storage is a California C Corporation and was formed back in the 1960s. They are very well established in Northern California and have a great reputation for providing moving and storage services. They provide full turnkey service, including Packing Materials and Supplies, Packing Services, Furniture Disassembly, Truck Loading and Unloading, Storage (both short term and long term), Transport, Unpacking Services, Disposal Services and Logistic Handling for local and regional contractors and designers. They can provide local, national, and international services as well as residential, office and commercial moves. This business is required to have a California Public Utilities Commission (CPUC) Movers License. To achieve this license, the new owners will have to have a background check and take a simple examination. This business is also required to have a DOT number from the Department of Transportation, which is a simple application to complete. Broker: ProEquity Asset Management Corporation License ID: 01870526

Competition Description

This business has numerous repeat customers due to its longevity in operation. They are agents of a Major Van Line Company and several International Logistic Companies. They have long term storage contracts with companies and individual clients. Their operations are centrally located, and they offer competitive rates with excellent service.

Growth / Expansion overview

Real Estate sales in Northern California area ranted #1 in the nation in December 2020 with a huge migration of people coming from Silicon Valley and Bay Area to Northern California, not to mention also many people leaving the state currently as well. Additionally, there are multiple new residential developments within a 20-mile radius from the business location. This means that the demand for moving is high, and this moving and storage company has had to turn down work recently because they are at capacity. There are multiple opportunities for growth, from going after larger contracts such as government contracts to expanding by adding more vehicles to their fleet. As of June 2021, they are having to turn away business as they are so busy and cannot scale fast enough to handle all of the work coming their way.

Support / Training Comments

The Seller is willing to train the new Owner for up to 4 weeks at 30 hours for week.

Financing Comments

Sellers willing to finance up to 10% of deal at 6% interest over 5 years.

Reason For Sale

Seller is moving out of state.

  • Home Based: No
    •  
  • Year Established: 1965
    •  
  • Franchise: No
    •  
  • Year Acquired: 2018
    •  
  • Willing to Train: Yes
    •  
  • Relocatable: No
    •  
  • Required Licences: CPUC MOvers License
  • Is Property Leased: Yes
    •  
  • Real Estate Available: No
    •  
  • Real Estate Included: No
    •  
  • Real Estate Value: N/A
    •  
  • Real Estate Asking: N/A
    •  
  • Days Open: Monday-Saturday
    •  
  • Hours Open: 8am to 5pm
    •  
  • Fulltime Employees: 1
    •  
  • Part time Employees: 12
    •  
  • Is Management Staying: No
    •  
  • Distressed: No
    •  
  • Monthly Payroll: ON REQUEST
    •  
  • Building Size: 17500 sq ft
    •  
  • Monthly Rent: $10,878
    •  
  • Lease Expires: 03/31/2023
    •  
  • Lease Miscellaneous: CAM of $2653 included in total monthly

Broker: ProEquity Asset Management Corporation. License ID: 01870526



Listed By: Brett Sargent

Background information

Reference:

SC2042

Year established:

1965

Reason selling:

Seller is moving out of state.

Finance

Sales:

$825,000

Profits:

$201,000

Profit type:

Discretionary Earnings

Operations

Employees:

Fulltime Employees: 1 Part time Employees: 12

Equipment:

Upon request

Inventory:

Upon request

Premises

Facility:

Building Size: 17500 sq. ft Monthly Rent: $10,878 Lease Expires: 03/31/2023 Lease Miscellaneous: CAM of $2653 included in total monthly

Square footage:

17,500 sq. ft

Rent and lease terms:

Building Size: 17500 sq. ft Monthly Rent: $10,878 Lease Expires: 03/31/2023 Lease Miscellaneous: CAM of $2653 included in total monthly

Location:

Sacramento County, California

Opportunities

Growth:

Growth / Expansion overview Real Estate sales in Northern California area ranted #1 in the nation in December 2020 with a huge migration of people coming from Silicon Valley and Bay Area to Northern California, not to mention also many people leaving the state currently as well. Additionally, there are multiple new residential developments within a 20-mile radius from the business location. This means that the demand for moving is high, and this moving and storage company has had to turn down work recently because they are at capacity. There are multiple opportunities for growth, from going after larger contracts such as government contracts to expanding by adding more vehicles to their fleet. As of June 2021, they are having to turn away business as they are so busy and cannot scale fast enough to handle all of the work coming their way.

Price and terms

Price:

$549,000

Down payment:

$0

Financing:

Financing Comments Sellers willing to finance up to 10% of deal at 6% interest over 5 years.

Training:

Support / Training Comments The Seller is willing to train the new Owner for up to 4 weeks at 30 hours for week.