Please ensure Javascript is enabled for purposes of website accessibility Potential Absentee Moving & Storage Company in South Florida | Pablo Langesfeld | Transworld Business Advisors

Potential Absentee Moving & Storage Company in South Florida

Listing Number: 2201-751357

Description

Moving and storage company with absentee potential. Started and established 1.5 years ago by experienced moving & storage business family with a large operation in California. Hard working husband and wife with small children ventured out to expand the family business in south Florida and have built a great turnkey operation that can be stepped right into! They have decided to now relocate, the company has established a flat rate pricing system which they have even written a book about, that pays employees 30% of the price of the job, split between the crew, with driver/foreman getting a bigger cut of the 30%, they have also established an innovative outsourced sales team based out of country at pay that averages around 4-5% of sales. This system allows the company to net a higher percent margin than typical moving companies and employees feel they are part of ownership as they get a percent of jobs. (9) 1099 employees with 4 drivers most of which have been with the company for 1.5 years, which is a big plus. Equipment consists of 4 trucks, (2) Kenworth 26 ft box trucks, (1) Isuzu 18 ft with lift, and (1) 26 ft Hino with lift value of approximately $150k. Company could be moved to a larger space but has a 3 year verbal lease agreement that could become written agreement for new owner on sublease of approximately 3,000 sq ft warehouse consisting of around 1,500 in offices and another 1,500 in warehouse space as they didn’t want to commit to space long term in case they needed more space. Current sublease price is $2,262 a month and includes vacant lot next door to park trucks. Currently they don’t do much storage or advertise for it because of space limitations, and sublease space as needed for storage nearby but room to grow in that area. Numbers attached are for trailing 12 months ending in May which is first 5 months of 2022 and 7 months in 2021. Going into high season, company has over $70k on books in scheduled jobs this coming month.

Listing Details

  • Price: $499,000
  • Down Payment: $499,000
  • Sellers Discretionary Earnings: $225,000
  • Total Sales: $675,526
  • Location: Broward County, Florida

  • Inventory: $0
  • FF&E: $150,000
  • Employees: 9
  • Year Established: 2021
  • Reason for Selling: Relocation
  • Category: Moving
Potential Absentee Moving & Storage Company in South Florida

Contact Agent:

Pablo Langesfeld
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