Looking for a buyer.
The highly qualified staff of coordinators, movers, packers, and drivers are considered experts in the industry, with nearly 300 employees at this warehousing, corporate relocation, and moving company. With 11 locations in the Pacific Northwest, this company has been able to easily fulfill their clients’ needs since their inception in###-###-#### 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. 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 the purchase of this opportunity, a buyer would receive over $10M in assets, proving this to be a truly turn-key operation. The owner is absentee and has spent the last few years slowly transitioning out of the business, while the leadership team is primed and fully equip to handle all operations. Currently, he spends only 10 hours/month on the business; 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 mobile divisions, 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. At a purchase price of $25,550,000, 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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