Web-based, eco-friendly 'moving equipment rental & delivery high growth.
Market leader, established, web-based service experiencing high growth (20%+ annual increase last 3 years). Innovative on-demand model replaces typical cardboard box usage by offering rent and delivery of eco-friendly plastic moving crates, bins and supplies. About 90% of sales is generated from rental of reusable items (long lifespan) allowing the business to enjoy 50% net profit and resulting in convenient, zero-waste moving solution for both residential and commercial clients.
Currently servicing the sf bay area, strengths include: streamlined operation based on user-friendly customized software, strong brand/web presence, 5-star yelp and google reviews, excellent customer service. Ownership benefits include ability to manage most of business from mobile device, no handling of cash/checks or a/r, minimal inventory, happy customers, low competition and limited management of employees needed.
Possible growth strategies: leverage strong demand with minimal updates to ppc and seo, increase shifts and delivery windows to maximize vehicle usage, expand into additional geo markets, further penetrate commercial accounts, franchising, partner with moving companies to cross-market to customer base. With 14% of population moving annually, this is a recession-proof, large market opportunity.
$160k current net growing to $200k by end of year for owner working 10-15 hours/week from home or remote location with wi-fi connection. New acquirer could work from warehouse, replace part-time outsourced labor and net additional $25k/yr. Seeking bay area-based acquirer with management experience, commitment to excellent customer service and desire to grow. Training to ensure smooth transition.
Sale includes delivery vehicles, all crates and rental items and moving supply inventory.