Starting a Removals Business
A removal service business deals with packing, moving and sometimes unpacking belongings of those householders who are moving from one residence to another, or businesses relocating from one location to another.
A removals business often finds much success when cost-effective services are provided to customers who have decided to relocate from one to another place in the same community. This market segment actually is often overlooked and not well served by the large removalist companies that are generally better suited helping people to move to another city, town or even state.
To start a removals business, first and foremost you need to have a good physical strength as you will be moving large and heavy objects such as furniture, a healthy field experience, and an ability to organize and coordinate logistics.
A suitable vehicle, in all probability a small truck is also required. If you don’t want to purchase one, you should be able to hire one when you are done with packing and ready for moving objects. In addition, you also will need to use packaging materials, straps, pads, and at least one sack truck.
Apart from the equipment expenditure, your startup costs will include promotional materials, business insurance to cover you for any damage done to the customer property, personal income protection, and worker’s compensation insurance for your employees. Hiring a truck will add more to your startup costs and between $1500-$3000 could be your total investment.
Your potential earnings will be determined by how many moves you are able to make annually. If you run this business alone, your income will be limited to around $20,000 to $30,000 per year. With employees, you will be able to do so many moves a year, but at the expense of their salaries.
When you begin to hire assistants, you will be able to take on more work and complete each job faster. Expanding the business would involve investing in more vehicles and equipment but depending on the demand for this type of service in your community, your potential earnings could be unlimited!