Moving and Storage Company SC2042

Rancho Cordova, CA (Sacramento County)

Seller Financing Available
Moving and Storage Company
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Asking Price: $599,000

Cash Flow: N/A

Gross Revenue: $825,000

EBITDA: N/A

FF&E: $200,000

Inventory: $3,000

Rent: $10,878 per Month

Established: 1965

Moving and Storage Company SC2042

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Business Description

Profitable Moving and Storage Company. Unique Business Model.

Broker: ProEquity Asset Management Corporation
License ID: 01870526

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.

Detailed Information

Location:
Rancho Cordova, CA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
17,500
Lease Expiration:
3/31/2023
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
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
Competition:
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:
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.
Financing:
Sellers willing to finance up to 10% of deal at 6% interest over 5 years.
Support & Training:
The Seller is willing to train the new Owner for up to 4 weeks at 30 hours for week.
Reason for Selling:
Seller is moving out of state.
Business Website:
http://www.sunbeltnetwork.com/sacramento-ca/buy-a-business/listings/listing-det
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Brett Sargent

Business Listed By:
Brett Sargent

Sunbelt of Sacramento

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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