Moving and Storage Company with Diverse Clients

Not Disclosed, WA

10+ Locations in the Pacific Northwest


Asking Price: Annual Revenue:
$26,000,000 $31,000,000

Services: Moving & Storage


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RE: Moving and Storage Company with Diverse Clients Broker: Jared Olson
Owner Financing is Available!
10% Seller Financing $2,600,000 15% Equity Roll $3,900,000 75% Buyer and Lender $19,500,000

Quick Facts

Asking Price: $26,000,000
Annual Revenue: $31,000,000
Net Profit: Not Disclosed
Cash Flow: $4,340,000
Total Debt: Not Disclosed
FF&E: $10,444,020
Real Estate: Not Disclosed
Year Established: 20+ years
Employees: 300
BBN Listing #: 758934398
Broker Reference #: DIS011-F

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Business Overview:

This moving company has been serving Oregon and Washington for 2 decades expanding in over 10 strategic locations. Their services range from office/business moving, contracted military moves, some residential; they also offer packing/crating and warehousing in their storage sites. Consistently growing between 5-10% in revenue is attributed to their very strong organization chart of a P.T. resident CFO, leadership team and regional managers. This allows for passive ownership with the current owner only needing to be present for 2 meetings per month as all of his roles have been absorbed for the last several years. Conservatively projecting $31,000,000 in revenue this year, they will earn 14% profit margin from the clear processes and procedures their divisions have in place. These include call centers, sales, marketing and IT, and drivers.

The business has recently started a mobile pod division, allowing them to provide further services to different types of clients and continue the overall growth. Other opportunities include small, inexpensive acquisitions to expand the territory, also they are adding server farm moving and hauling. With their excellent reputation as well as their existing client base and locations they have a service area spanning across local, interstate, and international clients. At a purchase price of $26,000,000, there is an option for the seller to not only provide a 10% seller carry, but to also retain 15% in equity if desired. This is being done to show the vested interest in the ongoing success of the business post-close.

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Property Features and Assets:

Assets Included in Purchase: $10,444,018 Vehicles/FF&E: $7,598,997 Working Cap: AR (2,810,038) – AP (547,053) = $2,262,985 Leasehold Improvements: $460,194 Prepaid Expenses: $121,842 *amounts may vary, assets may be depreciated, replacement cost, or fair market value

Market Competition and Expansion:

Growth Opportunities: Recently launched mobile storage/pods, continue to grow through small, inexpensive acquisitions, server farm moving & hauling.

Reason for Selling:

Retirement planning and owns commercial property.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

Relevant Links:

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