How Profitable Is A Moving Company? (Updated for 2024)

Pat Walls

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Updated: September 14th, 2023

Start A Moving Company

So you want to start a moving company?

And the first question that came to your mind was, “Well, is a moving company profitable?”

With a market size of $ there’s plenty of business to go around. Especially considering the initial investment is $37.2K and potential revenue is $15.4M per year with gross margins being 10%.

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a moving company.

Let’s dive in!

Is a moving company profitable?

Yes, a moving company is generally a profitable one. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since your potential revenue is $15.4M per year with a gross margin of 10%, you can recover your investment within 11 months or even less.

Of course, it all comes down to how much you earn compared to the potential revenues of your moving company.

To determine whether your business is profitable, you should earn more than your expenses within 11 months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your moving company is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a moving company worth it?

If you’re wondering if a moving company is worth it, the answer is a big YES. With these types of businesses, you can earn as much as $15.4M per year.

Further, you can have your initial investment of $37.2K back within 11 months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $, it will be possible for you to enjoy a monthly revenue of $128K. As such, it’s the type of business you should consider starting.

Of course, you must learn and understand every aspect of running a moving company to ensure success. Still, as long as you have the initial investment and can endure 11 months before your actual gains, this business is worth it.

You might even need to get some financing to launch such a business. We have a guide exactly for you on how to finance a moving company.

Learn more about starting a moving company:

Where to start?

-> How much does it cost to start a moving company?
-> Pros and cons of a moving company

Need inspiration?

-> Other moving company success stories
-> Examples of established moving company
-> Marketing ideas for a moving company
-> Moving company names

Other resources

-> Moving company tips

How much can you make in a moving company?

With a moving company, you can make as much as $15.4M per year since it has a gross margin of 10%.

All you need is an initial investment of $37.2K. Then, with proper knowledge and sustained effort, you can have the ROI (or return of investment) within 11 months.

Generally, a moving company can offer you a monthly profit of $128K since you’re catering to a market size of $. But, of course, this size varies depending on your area of choice.

How much does a moving company make a week?

The weekly profit for a moving company ranges around $32K. As such, you can enjoy a monthly profit of $128K.

To know if your moving company achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your moving company.

How much does a moving company owner make?

The income of a moving company owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly salary of the owner of an established moving company is about $32K. But it can also be 80% lower or higher depending on so many factors it's almost impossible to say exactly.

While the potential for earning a good income as a moving company owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Moving company profit margins

Generally speaking, moving company makes a profit margin of around 10%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a moving company, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, moving company owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, moving company owners can ensure long-term sustainability and profitability for their business.

Moving company owner salary

The salary of a moving company owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established moving company, in a prime position, might see an average weekly salary around the ballpark of $32K.

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, a moving company is quite promising if you plan on starting such. With a market size of $, you can enjoy a potential revenue of around $15.4M per year with a gross margin of 10%.

Considering this information, you can enjoy a return of investment within 11 months, especially if you have a monthly profit of $128K. Overall, the success of your moving company also depends on your effort and knowledge about it. If you persevere with these things, you can ensure that this moving company is profitable.

Make sure you have a proper moving company plan and know how to get clients for your moving company.

Part of

Starting A Moving Company: Everything You Need To Know

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