Warehousing, Corporate Relocation & Moving

Not Disclosed, WA


Asking Price: Annual Revenue:
$23,000,000 $28,242,159

Services: Transportation - Trucking, Rail, Transit


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RE: Warehousing, Corporate Relocation & Moving Broker: Cortney Sells
Owner Financing is Available!
10%

Quick Facts

Asking Price: $23,000,000
Annual Revenue: $28,242,159
Net Profit: Not Disclosed
Cash Flow: $3,911,587
Total Debt: Not Disclosed
FF&E: $7,598,997
Real Estate: Not Disclosed
Year Established: 1903
Employees: 285
BBN Listing #: 407834398
Broker Reference #: DIS011-D

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Business Overview:

The highly qualified staff of moving coordinators, movers, packers, and drivers are considered experts in the industry, with nearly 300 employees at this warehousing, corporate relocation, and moving company. The organizational chart is exceptionally well-developed, with a full senior and mid-level management team in place, allowing the seller to step back to an absentee position, spending less than 10 hours on the business per month! This qualified team also includes drivers, movers, marketing, sales, call center, and IT members, who are all considered experts in the industry. With 11 locations in the Pacific Northwest, this company has been able to easily fulfill their clients’ needs since their inception in 2013. Their client base is diverse, and sees an incredible 65% repeat and referral base, with a focus in military, residential, business, and corporate moving and storage. Services include warehousing & distribution, military contracts, office & business moving, residential moving, storage, and packing & crating. With the purchase of this opportunity, a buyer would receive over $10M in assets, proving this to be a truly turn-key operation.

Of the 11 current locations, 3 of the spaces are leased, while the other 8 are owned by the company. There would be an option to continue leasing all locations, to be negotiated between the buyer and seller. The owner is absentee and lives out of state, after having spent the last few years slowly transitioning out of the business. Currently, he spends about 10 hours/month on the business, only participating in two monthly team meetings to get updates from his staff. Why sell if he is truly absentee? The goal at hand is for the current owner to be able to move into other interests, as he owns commercial property and is looking to deploy more capital on those ventures.

The business has recently started exploring the mobile storage/pods, allowing them to provide further services to different types of clients and continue the overall growth. Other growth opportunities include further small, inexpensive acquisitions to expand the territory and adding server farm moving and hauling. At a purchase price of $22,500,000, and with the assets on hand, a buyer’s contribution would be 60% collateralized by the business assets alone! There is an option for the seller to not only provide a 10% seller carry, but to also retain 10% in equity if desired. On top of that, he will stay on board for 6 months-1 year to ensure a smooth transition. 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:

Lease: 3 rented, 8 owned.

Market Competition and Expansion:

Growth Opportunities: Have purchased different businesses in the past, and there are always opportunities with that; just getting into mobile storage.

Reason for Selling:

Other interests, owns commercial property, looking

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:

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