Summary
This is an opportunity to take over a profitable moving and storage company that has served Cape Town households and businesses for over three decades. Services cover the full move: quoting and planning, packing and crating of delicate items, loading and transport, and offloading. The company handles local, regional, long-distance and international relocations, and sells packing materials alongside each job. Its secure, guarded storage warehouse brings in steady recurring income. The company runs on reputation. Most clients are repeat customers or referrals, and paid advertising has been close to nil, so there is plenty of upside for a buyer prepared to market it. Day-to-day jobs are run by experienced, long-serving supervisors, with labour-broker staff brought in as volume requires. The five-truck fleet and the forklifts are fully paid for. Net profit is around R3 million a year, which gives a payback of under two years at the asking price. The premises can be leased by the new owner. Asking price: R4 950 000. Detailed financials are available on signing an NDA.
Give me more informationFully describe the business's activities?
The business is equipped to professionally pack and crate fragile, valuable and specialised items, while also supplying clients with the necessary moving materials. Its fully managed storage service provides an additional recurring revenue stream, with clients’ belongings stored in sealed wooden containers inside a secure warehouse.
How does the business operate on a daily basis?
What Advertising/Marketing is carried out?
What competition exists?
How could the profitability of the business be improved?
Give a breakdown of staff/ functions/ length of service?
Do any have management potential?
How involved is the Owner in running the business?
When does the current lease end?
What are the trading hours?
What are the main assets of the business?
Strengths?
Large base of repeat and referral clients
Strong reputation
Long-serving
Experienced supervisors
Diversified income from removals, storage and packing materials
Recurring storage income
Secure, fully guarded and monitored storage facility
Vehicles owned outright with no finance.
Weaknesses?
Opportunities?
Threats?
What is the reason for the sale?
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