MergerPlace

Top Moving and Storage- Owner Retiring

New Jersey (Bergen)


  • Asking Price: $775,000
  • Gross Income: $1,385,365
  • Cash Flow: $285,432
  • Real Estate: Not Disclosed
  • Inventory: $10,000
  • FF&E: $50,000
  • Listing ID: #209348
  • Established: 1920
  • Employees: 10 FT / 2 PT

Business Description

Very successful moving, storage and packing business covering the NY Metro area. The business has been in existence for nearly 100 years and has moved multiple generations of families over the years. Very profitable and still lots of potential for growth. The business also has over 350 storage containers all rented and providing approximately $25K in storage income monthly. Very stable and perfect for a company looking for additional territory. Also, a great opportunity for a new operator with good organization and business skills. Over $1M in revenue annually!


Business Details

Primary Business Category: Services - Other Services
Location: New Jersey
County: Bergen

Company Information

Year Established: 1920
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 10 FT / 2 PT

Financial Information

Asking Price: $775,000
Gross Revenue: $1,385,365
Cash Flow: $285,432
FF&E: $50,000
Inventory: $10,000
Seller Financing Available: No

Property Information

Facilities:

12,000 sq ft facility with over 350 storage containers on premises. The owner will provide a lease or an option to purchase the building with terms.

Growth & expansion opportunities:

This business can be easily expanded into a national moving company if interested. A great tri-state territory already established. Business can bring more business locally by adding more sales staff.

Competition:

This business stands out for its reputation and long-time success. In an industry where regulations and insurance requirements need to be strict, they win sales consistently against the local competition.

Reason for selling:

After 42 successful years, the current Owner is eventually retiring but willing to stay on for a transition period as an estimator with the new ownership group.

Support & Training:

Will train for 2 weeks @ no cost One of the best Moving, Storage and Packing companies in the tri-state area. All insurance up-to-date with consumer affairs and interstate licenses on hand.

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Business Listed By:

Daz Connell

Murphy Business Brokers