Description:

The company is a full-service packing, moving, and storage company that serves residential and commercial clients. The company services local, long-distance, and international moves and provides specialized office moving for commercial clients. Additional services include assistance with downsizing, in-home moving due to a remodel, estate distribution, and disposal.

Key Aspects:

Revenue grew at a compound annual growth rate of 13.6% from 2020 through the trailing twelve months (TTM) ending March 31, 2023
Approximately 89% of revenue comes from moving services, with the remainder derived from warehousing and storage services
There are two-year contracts in place with some local municipalities
The company has multiple affiliations with international forwarding companies, with international moving services contributing to 27% of 2022 revenue
Strong client testimonials and positive ratings on Google and Angie’s List represent the company’s positive reputation in the market

Opportunities:

Continue to expand into the corporate and commercial market by adding more office-related services such as full project management and technology services.
Capitalize on the existing networks to grow the number of long[1]distance moves throughout the contiguous United States

Headquartered:

Northeast, US

Current Markets:

The company services the residential and commercial markets across the United States, operating primarily in the Northeast US.

Real Estate:

The company operates from a 40,000 sq. ft. facility leased from an unrelated third party.
The lease is transferrable and there is room to grow in the current location.
Implement a strategic marketing campaign to reach additional market share

Shareholder Ownership:

The company is owned by two shareholders who are seeking retirement.
Ownership is willing to remain with the company for a predetermined period to facilitate a smooth transition to new ownership.

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National Packing, Moving, & Storage Company – BN000045611

National Packing, Moving, & Storage Company – BN000045611

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