Founded Over 80 Years Ago
Founded over 80 years ago, the Company is an agent for United Van Lines, and is a full service moving and storage company.
The retiring owner is supported by six full-time and five part-time employees. The Company’s equipment includes three tractors, five trucks, four vans, and three trailers.
In 2016, revenue was derived from moving and cartage (51%), packing and unpacking (21%), storage and warehouse (12%), supplies (10%), commissions (5%), and other (1%).
The Company serves residential (approximately 70% of business) and commercial (30%) customers for local (65% in 2016), interstate (24%), intrastate (11%), and overseas (1%) moves.
- The Company is headquartered in Iowa, and its 12,000 square-foot facility is owned by the shareholder. Fair market rent is $75,000 annually.
Superior Name and Reputation: Operating since 1935, the Company has a well- established presence and name recognition in the region. Since 1961, the Company has been a United Van Lines agent.
- Tenured Employees: The Company’s six full-time employees have been with the Company 26 years on average, ranging from 13 to 44 years each.
This Merger & Acquisition Opportunity is available via Marigold Resources' Senior Affilate Partner status with Generational Equity.
Upon receipt of this completed and digitally executed NDA below, we will follow up by phone and/or e-mail to qualify providing the complete offering memorandum and schedule a time to discuss the opportunity further.