Starting a Moving Company
Rising home prices are prompting Americans to move out of expensive cities, fueling demand for moving services. For the five-year period to 2024, the moving services market in the US is expected to grow nearly $2 billion. Starting your own moving business now would be a great way to tap into a booming market and earn some cash while providing convenience to families relocating to a new home.
Choosing a Moving Company
The number of options within the moving company sphere can be overwhelming, but this guide will help you through the selection process to find what moving company is the best for you. Let’s ensure you’ll make a budget-friendly choice most suitable for your personal needs!
Profitability and Starting a Moving Company
- How profitable is a moving company? Most moving companies profit about 10%.
- A long distance moving company costs around $400 – $500 plus additional packing costs depending on the number of bedrooms moved.
- Starting a moving company begins with a detailed business plan and research. Decide on services like moving labor, local moves, packing. Buy moving trucks or SUVs to start small.
- Focus your moving company on a niche like residential or commercial moves. This creates a competitive advantage. Define specific business goals.
- Reach out to apartment complexes and senior homes to get a flow of moving customers. Do market research to craft advertising.
- Obtain licenses and permits to operate legally. Have equipment like dollies, ropes, pads. Hire movers or helpers.
- Get found on Google. Claim a Business Profile. Describe your company’s uniqueness. Explain how and when it will be profitable. Analyze the market and expected share.
- Launching a moving company is profitable with 40 million Americans moving yearly. You can start small without a warehouse. Offer basic services to save money.
- As a new business, become a franchisee of an established local moving company for training, employees, and more.
Starting a Local Moving Company
- To start a moving company in Florida, you need to register with the Florida Department of Agriculture and Consumer Services. Drivers need commercial licenses. Research regulations to remain compliant. Consider equipment needs. Develop a marketing strategy to advertise services. The moving business is highly regulated for consumer protection.
- Florida Rules and Regulations All moving companies are required to be licensed, and insured. Local movers in Florida are required to have an IM #. A contract needs to be signed by the company and the customer before the services are done. The regulation of intrastate movers falls under the Florida Department of Agriculture and Consumer Services, Chapter 507.
- Obtaining permits and licenses is crucial to operate legally; requirements vary. To start a moving company, equipment like dollies, ropes, furniture belts, moving pads, and packing materials is needed. Implement registration by visiting your township’s website.
- A moving company will cost $200,000 – $600,000+ to start. Focus on corporate or government clients, consider a Corporation; intend to take private clients, Sole Proprietorship or Limited Liability Company works. Getting found on Google is key. Claiming a Google Business Profile is easy.