SOLD – Major Front Range Colorado Moving & Storage Company

Location: Front Range

Industry: Moving & Storage

Listing ID: 421753

Listing Description

Established over 40 Years with 56,000 sq. ft. Warehouse Space!

This local moving and storage company with a major national van lines affiliation is one of the most established firms in its Front Range market. The company is forecast to have over $5MM in annual sales in 2019. It employs 50 people and has 56,000 sq. ft. of warehousing for storage.

Demand for moving and storage services is high in Colorado. The company has had stable annual sales for several years now with one of the top four national van lines brand affiliations. The crew of employees include ten with long experience in the industry. The current owners have run it over thirty years and are still young enough to be available for a smooth transition.

Services include local and long-distance transportation of household and office goods, warehousing and storage services, packing and packaging services, processing, distribution, and logistics consulting and merchandise sales. Industry revenue from these services is about 70% from local or long-distance transportation, 20% from warehousing and storage services and the rest is from packing and packaging services and other charges.

The business has a local following, especially in the retirement community sector. Its future growth can come from expanding this base. Current owners are also moving more into commercial office moving, another growth market in Front Range Colorado.

This is an ideal acquisition for someone or some company who knows this industry well. This is a very well-run company.

Listing Details

Total Sales: $5,300,000

Cash Flow: $300,000

Reason For Sale:

Family health reasons for sale will be fully explained to buyer prospects.

Location

Facilities Information:

Modern warehouse facility currently leased. A new owner may renew the lease or move the business elsewhere.

Total Building Size: 56,000 sq. ft Warehouse facility
Lease Rate: $6.79 per sq. ft. per year Monthly Rent: $31,677
Lease Expiration Date: 04/30/2021

Summary

Financing/Terms:

Anticipated Seller: $50,000 / 6.5% / 5 Years.

Anticipated Bank: $300,000 / 6.5% / 10 Years.

Down Payment: $100,000

Working Capital Needed: $50,000

Inventory Purchase:Inventory included in price.