Moving Company Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Moving Company Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Moving Company business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
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People are always going to move, and especially in today’s economy where jobs are not as permanent as it used to be. As such, the demand for moving companies remain strong in any economic climate. Even during times of economic recession, moving companies are generally able to remain profitable as people relocate for new jobs and better jobs elsewhere. The gross margins generated from moving companies are considered relatively high. The biggest underlying cost and the biggest underlying volatile pricing factor is the price of energy. The barriers to entry for new market moving company are moderate. Most importantly, these businesses need to own or lease the appropriate transportation equipment and have the appropriate licensure in place in order to provide these services to the general public. Most moving companies are able to launch their operations with a capital base of $50,000-$200,000. Most banks and financial institutions look to place money with moving companies especially if they are going to be purchasing their trucks with debt capital or in the form of a lease. Given that these are highly tangible assets that can be quickly resold, the collateral provided is usually enough to allow a bank to lend fully on these asset purchases. As it relates to working capital, an owner operator of the moving company is usually required to put of about 20% of the necessary monies to get this business off the ground.
A moving company business plan should consist of an extensive market analysis in which the company is targeting coupled with a fully developed financial model. This financial model should include a profit and loss statement, cash flow analysis, breakeven analysis, balance sheet, and business ratios page. Most lenders do require that a fully developed business plan is provided to them in order to render a lending decision.
One of the nice things as it relates to developing a moving company marketing plan is that there is not too much that needs to go into it in order to be successful. Many moving companies often work with freight brokerages in order to receive the purchase orders they need in order to remain profitable at all times. These developing a relationship with a freight brokerage will ensure that a constant stream of revenue from the onset of operations. Of course, and like any other business, a large-scale presence on the Internet should be used in order to find local individuals that need moving services. Pray for bridges are expensive in terms of what they charge to provide purchase orders – and as such having an online presence always helps boost the overall profitability of any given moving company.
Most entrepreneurs that enter the field of freight shipments often develop a SWOT analysis. As it relates to strengths, moving companies, again, are able to remain profitable in a was any economic climate. Relating to weaknesses, one of the ongoing issues is that the profitability of these businesses is somewhat volatile given the underlying energy costs associated with moving a person’s goods from one place to another. For opportunities, most moving companies are able to rapidly expand our operations by acquiring additional trucks while hiring additional movers to complete additional jobs. For threats, competitive issues are always an issue for most moving companies. However, the most common threat faced by these businesses is – again – the underlying energy costs that need to be dealt with on an ongoing basis.
In closing, a moving company can be an extremely profitable small business to own and operate. However, the overhead cost between maintained in an in check at all times in order to account for spikes in oil and energy prices.