A Calgary Area Business for Sale
Normalized Cash Flow: $68,000
Terms may be available for qualified buyers
What they Do – The short version
- Calgary based MoverCo offers moving and packing services in southern Alberta.
- Serves both commercial and private clients.
- A+ rated with the BBB and has an excellent reputation.
- New customers arrive through word of mouth and from their professionally produced web site.
- Staffed by a team of pro movers hand picked by the owner who himself has 14 years experience.
- Owner is also an operator and is fully involved in the day to day operations.
This small moving business was established in 2001.
The current owner has managed it since 2011.
All the financials since 2011 and an up to date equipment list are available to qualified buyers.
This established moving firm works throughout the Calgary area.
The owner has built a policy and procedures manual that will greatly aid the new buyer during the transition.
Staff requirements start with a strong back. There has been little change of staff over the past couple of years.
Depending on the work on hand, part-time staff runs from 1 to a high of 8. They really need no training and do not require licences or trade tickets.
The owner believes that last year’s staff part-time requirements totaled about 4000 hours.
They can certainly increase their business without hiring additional staff.
There was a seasonal pattern to the business but the current owner has dealt with this through commercial contracts.
Equipment involved in the business are trucks, dollies, padding etc. The firm has been using an outside maintenance company to ensure that all equipment is well taken care of.
There is enough equipment for the business to increase substantially without adding more.
All this equipment will be sold in good working order and qualified buyers are welcome to inspect each item.
The firm is up-to-date with safety and maintenance and in accordance with DOT and WCB. There is a safety program in place and there have been no WCB claims.
The nature of the moving business means they are effectively open 7 days a week.
The owner maintains the books and does most of the administration using Microsoft Office.
New customers come through referrals, ads, web site and the Better Business Bureau.
Referrals make up a large part of the business.
There’s a surprising amount of repeat customers. These tend to be Realtors and landlords using ‘ free mover promotions’ to attract customers.
There’s also a good number of repeat local business moves.
This niche could be expanded to offer services to local businesses such as furniture delivery. Hiring MoverCo could often be cheaper than maintaining and insuring their own truck.
A buyer looking to put his sales skills into practice could do quite well with this firm.
Three years of financial statements and a complete equipment list is available for qualified buyers.
Q Why is this Calgary area business for sale?
A My parents are getting old and I wish to return home to assist them.
Q In your words, what does the firm do?
A Provides professional moving and packing services.
Q What functions does the owner perform? What talents will the new owner have to replace when you leave?
A I am an owner operator but my guys can work alone
Q How long will you stay after the sale to help in the transition?
A Few months if required. This can be part of any sales agreement.
Q Have the accounts receivable been purged of bad debts? (This will is really a lawyer question).
A No debts.
Q Will you agree to a non-competition clause?
Interested? Next steps:
1. Fax / scan the non-disclosure document
2. Phone discussion
3. Release of financial information
4. Meeting with seller and tour of premises
5. Discussions that may lead to a deal
The information on contained in this document has been provided from sources believed to be reliable. You must seek independent verification of these facts through due diligence before taking any action based on this information.