Are you planning to start a moving company? The moving business is always on the season since people, whether individuals or commercial establishments, need vehicles to transfer their various items such as equipment, tools, furniture, etc. to move from one place to another. And starting a moving company doesn’t need a lot of resources; you don’t need to develop and produce products; the basics that you need to have are moving trucks, packaging materials, and employees who can carry heavy and bulky things. If you’re equipped with the necessary resources to start a moving company, one of the things you need to create is a business plan. A business plan will help you organize how you run your business and budget your capital on various costs. This is also a requirement to obtain permits and licenses from the government as well. Read the article to know how to create a moving company business plan.
3+ Moving Company Business Plan Samples
1. Moving Company Business Plan
2. Sample Moving Company Business Plan
3. Simple Moving Company Business Plan
4. Basic Moving Company Business Plan
What is a Moving Company?
A moving company, or also called a van line, is a type of company that aids people and commercial entities move their goods and other items from one location to another location. A moving company also offers services for relocations like packing, loading, moving, unloading, unpacking, arranging of items to be delivered.
Details to Include in a Moving Company Business Plan
1. Executive Summary
The first section to include in your business plan is the executive summary. The executive summary serves as the overview of all the sections of your plan. It includes details such as the type of business you are operating, a brief overview of the moving business and its customers, a short background of your employees working for the company, and your financial and marketing plan.
2. Company Background
Your company background must describe further the moving company that you’re operating such as how you run your business, the services you provide, and the history of your company.
3. Industry, Competition, and Customer Analysis
This is where you expand your competition analysis. Identify the indirect and direct competitors of your business. Give a brief background of your competition’s business and its strengths and weaknesses. Then give reasons of why you’re better compared to your competition. The importance of knowing your competition will let you know how to manage your business so you can keep up with them and the market.
The next section to include in your customer analysis. This is where you describe your target markets such as their demographics and psychographic profiles. Describe their needs on obtaining services from moving companies and then segway to explain how your company can provide the services that address their needs.
4. Marketing Plan
The next section to include is the marketing plan. This is where you give details on what promotional activities and methods you will be doing to attract your target market to obtain your services.
5. Operations and Management Plan
Your operation plan must include details of your everyday operations. You can also describe the long-term goals that you would like to achieve in the future. Don’t forget to include the names and positions of every employee you have in your company. You can make an organizational chart to list down your management plan.
6. Financial Plan
The last but certainly not the least section of your business plan is the financial plan. This section must include your 3 or 5-year financial statement and should be broken down monthly or quarterly for the first year of the business and then make it an annual financial statement for the succeeding years. It should include your income statement, profit and loss statement, balance sheet, and cash flow statements, just to mention a few.
How much profit does a moving company make?
The profit that moving companies make depends on the type of business. The small mover charge around $50-$200 to move furniture depending on its size and how far the furniture will be delivered. To be technical, if a moving company works around 10 to 20 hours a week can easily earn around $700 – $1000 per month.
How much does a moving company typically cost?
The costs will depend on the type of movers you’re hiring and the number of items and the distance they’re delivering. Professional movers cost around $300 to $1,500 depending on the size of the material to be moved and the distance within the local area. For long-distance movers, the costs will be around $2,400 – $5,600 depending on the size of the move and the distance. Cross-country moving will even cost more.
How do you grow a successful moving business?
To be able to succeed in a moving business, you must have the following attributes:
- Lease a truck for you to use to move furniture, equipment, tools, and other heavy materials
- Hire part-time employees for your start-up business
- Grow your networks through advertisements and promotions
- Empower your employees
- Control fuel costs
Creating a business plan could be a daunting and tiresome task to do since you need to put accurate information in it while at the same time making it understandable and attractive looking, but don’t put it off because you need it to guide you on how to run your business efficiently and you can use this for business proposals. Take your time to brainstorm, draft, and revise the business plan. You can even ask a colleague or business partner to help you make your proposal. To help you get started, you can download our free sample templates above as your reference!
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