Elate Group, Inc.

General Information
Business:

Founded in 2013, we are a high-touch best-in-class moving and storage company providing domestic concierge services and international relocation solutions for residential, commercial and government clients in the United States and Canada.

We are presently focused on seven metro markets along the East Coast of the U.S. – the metro areas in and around Boston, MA; Greenwich, CT; Southampton, NY; Woodcliff Lake, NJ; New York, NY; Philadelphia, PA and Washington, D.C. The current seven metro areas are primarily serviced from our current operation hub in Brooklyn, New York. Our near-term goals call for expansion into additional U.S. markets in the Western and Southern states. Cities under consideration for expansion include Austin, Texas, as well as Phoenix, Arizona and Los Angeles. 

We currently operate with a fleet of 13 trucks and a professional relocation team of 27 full-time and 5 part-time employees.  We expect to expand our fleet by 13 to 15 trucks per year.

We cater to customers who demand excellence and the utmost care and professionalism. We believe we have established a sterling brand by adhering to the highest standards when delivering complete end-to-end relocation and storage services. We especially pride ourselves in making relocations and storage convenient and stress-free for clients who demand superior service.

Our comprehensive moving services include disassembly, packing, unpacking, re-setup, and temporary storage. It can involve ceiling and wall removal and reinstallation of artwork, lighting (e.g., chandeliers and sconces) and other fixtures, and audio-visual equipment (e.g., televisions and stereo equipment). We provide custom-build crating for the relocation or storage of high-value items, such as for fine art and furniture, musical instruments (e.g., pianos) and fragile items, that ensures their safety and protection. We also provide complete gym and playground equipment disassembly and reassembly, carpentry, furniture restoration and repair, professional cleaning at both origin and destination, and donation and disposal services. We offer express delivery within guaranteed timeframes for local, nationwide or cross-border (Canada) moves, which utilize the same truck and team at both origin and destination points. We also provide concierge/on-demand short and long-term storage services.

Our specialty is residential high-end moving and storage for more affluent clientele seeking a white glove experience. We define high-end residential moves as those as involving houses or apartments valued in excess of $5 million. This has included relocations involving some of the most highly valued homes in the country owned by A-list celebrities, sports stars and government dignitaries.

We have also provided moving and storage services for higher-end non-residential clients such as five-star hotels, including the Four Seasons Hotel in downtown Manhattan, The James Hotels and Trump International Hotel Management, and top government agencies, including the U.S. Social Security Administration and the U.S. Drug Enforcement Agency.

We have also provided moving and storage services for the United Nations, the U.S. Military Academy at West Point, Sotheby’s International Realty, Keller Williams Real Estate, Charles Schwab and UOVO, the premier provider of storage services for art and valued collections.

(Note: In an S-1/A filing dated July 20, 2022, Elate Moving Group disclosed it will offer 3.0 million units in its IPO, but it did not disclose a price range. Elate Moving Group filed its F-1 on April 1, 2022; it filed confidentially on Oct. 28, 2021.)

Industry: MOVING & STORAGE SERVICES
Employees: 32
Founded: 2013
Contact Information
Address 305 Broadway, Floor 7, New York, NY 10007
Phone Number (212) 920-4450
Web Address
View Prospectus: Elate Group, Inc.
Financial Information
Market Cap
Revenues $4.94 mil (last 12 months)
Net Income $0.83 mil (last 12 months)
IPO Profile
Symbol ELGP
Exchange NASDAQ
Shares (millions): 3.0
Price range $0.00 - $0.00
Est. $ Volume $17.0 mil
Manager / Joint Managers Aegis Capital
CO-Managers
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change