Small Business Case Study: The Moving Store
Background
Quality, experience, and customer service
With over 40 years in operation, The Moving Store have helped tens of thousands of customers in the Greater Toronto Area with all of their moving supply needs. This inlaces everything from boxes, bubble wrap, packing peanuts, and rentals and sales of moving trucks, as well as truck rental.
Additionally, they prioritize the use of environmentally responsible products, while also ensuring they have quality items that will stand up to the moving process.
Moving is one of the most stressful experiences that individuals can go through, which is why The Moving Store provides expert tips and tricks on how to safely pack all types of items, and what materials to use to ensure their safe transport during moving.
Challenge
Funds for planning ahead
From keeping up with trends and changing tastes, and planning for the upcoming season, staying on top of inventory is a challenge that many small businesses across a wide range of industries face.
For The Moving Store, as a moving retailed, having the necessary stock available to met customer demand is fundamental to smooth business operations. Other inventory-related facts that are common include saying on top of seasonal variations during periods of higher demand, as well as inventory planning when strategic purchasing opportunities.
In additional to having the new merchandise, businesses need to build anticipation and demand in order to drive sales through their marketing initiatives, whether that’s social media marketing, flyers, or any other channel. The Moving Store also wanted to invest more into marketing, which required an additional injection of funds.
Solution
Straighforward process
Getting small business financing doesn’t have to be overly complicated, and it doesn’t have to take up so much time that getting the financing to run your businesses actually takes away from being able to do that in the first place.
The Moving Store had a timely and straightforward experience working with Merchant Growth, as well as a positive customer experience, which is a fundamental part of how we operate.
Result
Fast financing for ongoing business growth
The ability to purchase much-needed additional inventory to help boost their stock as well as their ability to invest into marketing allowed The Moving Store to have sufficient inventory to grow their sales and also expand their company’s reach.
