Moving Company

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

Pat Walls

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Updated: October 5th, 2024

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

So you want to start a moving company?

And the first question that came to your mind was, “well, are moving companies actually profitable?”

Especially considering:

You could start a moving company with as low as $8,500
Based on our data, moving companies generate an average of $12M per year
You could see gross margins as high as 25% with moving companies

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 business. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since average revenue is $12M per year with an estimated gross margin of 10%, you could expect to recover your investment within 11 months or even less.

But 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 in the beginning 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 moving companies, you have the potential to earn $12M per year (this is based on data reported by real founders).

Further, you could have your initial investment back within 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 build something that grows and turns into a flourishing business. As such, it’s the type of business you might want to 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 a few months before your actual gains, this business could be worth it.

You might want to consider reading more specifics about successful moving companies case studies.

Examples Of Profitable Moving Companies

Here are a few examples of profitable moving companies, and a few more details about them:

1. Skinny Wimp Moving ($720K/year)

Max Maher, the founder of Skinny Wimp Moving, didn't come up with the initial idea for the company, but as the first franchise location, he had the opportunity to test out theories on marketing and customer service. By focusing on friendly movers, simple pricing, and exceptional customer service, Skinny Wimp Moving was able to grow 1400% in the first 15 months alone.

Is it profitable? Yes
How much money it makes: $720K/year
How much did it cost to start: $18K

How I Started A $1M/Year Moving Company At 19 Years Old

A 23-year-old founder started a moving company that now averages $115,000 a month in revenue and has record monthly sales of $158,000 by prioritizing customer service and using simple, common sense practices like friendly movers and a transparent pricing structure.

Read this case study

Read by 52,807 founders

2. Qshark Moving Company ($5.4M/year)

Vlad Kandybovich turned a failed NBA dream into a moving empire. Starting as a helper at $11 an hour, he now leads Qshark Moving Company, a regional giant with $5 million in annual revenue and 200 employees across four locations.

Is it profitable? Yes
What's the gross margin? 25%
How much money it makes: $5.4M/year
How much did it cost to start: $8.5K

I Started A Moving Company At 18 And Now Make $5M/Year

This case study is about Qshark Moving Company, a full-service relocation company located in Southern California, which grew from a two-person and one-truck operation to a massive multi-city, 45 trucks, 4 locations, 200 employees, and regional business, generating over $5,000,000 a year in revenue in nine years.

Read this case study

Read by 3,926 founders

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
-> Marketing ideas for a moving company
-> Moving company names

Other resources

-> Moving company tips

How much can you make with a moving company?

With a moving company, you can make an average of $12M revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $8,500. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 11 months.

How much does a moving company make a week?

Based on our data, average weekly revenue for a moving company ranges around $251K. As such, you could see monthly revenues of $1M.

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 do moving companies owners 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 revenue of an established moving company is about $251K. But this can be 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, a moving company can expect 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 $25.1K.

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, based on many of our examples, a moving company may be a promising business to start - but the success of your moving company mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable moving company.

Part of

Starting A Moving Company: Everything You Need To Know

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