Setting Up a Removal Business

A removal business can be a relatively easy business to get into. Making the decision to go it alone and setting up your own a business should not be taken lightly.  Starting a removal company isn’t as easy as simply buying a van, putting an advert in the local paper and waiting for the work to roll in.

There are several things to consider, including researching the market, understanding the financial implications, securing customers and protecting your assets. So here’s what you need to know:

Know Your Market

There will be no point starting a removal business if your local market is saturated with similar businesses that have already made a name for themselves.

Do some market research and find out whether there is a need for the services you intend to provide. Contact local estate agents to discover what the current housing trends are to see how you could work these trends to your advantage.

Setting Up the Removal Business

If you’re going to be self-employed, you will need to register as a sole trader. You can also enter into partnership with another person, or even set up a private limited company.

More information about starting up your own business and what you need to know can be found on the government website.

Finances

You will be in charge of all the money that goes in and out of your business. The easiest way to cope with this is to keep detailed records of all transactions and pass these on to a professional bookkeeper or accountant.

They will also be able to provide assistance with things like income tax and VAT. You will need to register with HMRC for both of these obligations.

Vehicles and Equipment

Having a serviceable and reliable vehicle will be crucial if you want the business to be a success. It will constantly be in use and under heavy strain most of the time, so make sure it is regularly serviced and properly maintained.

You may also need to invest in removal equipment such as blankets, sack barrows, webbing, straps, boxes and packaging materials.

Insurance

Vehicle insurance is an obvious one. However, this is different from your regular private car cover. Other forms of cover include public liability insurance, which protects you if a member of the public is injured or property is damaged as a result of your work. Materials insurance may also be necessary for the equipment you use.

Advertising and Promotion

As the majority of work you carry out is likely to be close-by, so advertising locally will be one of the best forms of self-promotion.

Go door-to-door with flyers, hand out business cards to friends and family and put an advert in the local newspaper or nearby supermarkets. You can also set up a website and social media accounts to improve your business’ visibility.

There are still several other factors to consider, however understanding these necessary basics should put you in good stead.

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