SOURCE: Move Loot

Move Loot

September 08, 2014 09:41 ET

Move Loot On-Demand Furniture and Home Goods Resale Launches in Raleigh-Durham

High Demand for Online Marketplace for Secondhand Goods Brings Move Loot to the East Coast

RALEIGH, NC--(Marketwired - Sep 8, 2014) -  Move Loot, the first curated, full-service online marketplace for secondhand home goods, announced that it has expanded its service to Raleigh, North Carolina, giving it an east coast presence.

San Francisco-based Move Loot selected Raleigh as its first east coast expansion city because it recently ranked #1 for business climate by Forbes Magazine and currently boasts the fastest-growing combined statistical area with a population over 1,000,000. Move Loot's marketplace and delivery services will be available to consumers in the Triangle Area, including Raleigh, Durham, Chapel Hill and the surrounding communities.

Bill Bobbitt, CEO and co-founder of Move Loot and Raleigh native, said, "I'm very excited to bring Move Loot to Raleigh, my own hometown. This is a young, thriving city where people move frequently and there is a need for a better, more sustainable way to sell and buy quality used furniture and home goods." Bobbitt co-founded Move Loot after his own frustrating experience relocating across the country, trying to sell his furniture and home goods and then stocking his new apartment in San Francisco. 

How Move Loot works:

  • Sellers photograph furniture, and upload the photos and descriptions to Move Loot (via the mobile app or a laptop/desktop).
  • Move Loot collects the furniture, photographs it professionally, posts it online for sale, and stores it until it sells.
  • Buyers choose what they want via the mobile app or computer, pay online and schedule next-day delivery to their doorstep via Move Loot movers.
  • Following the traditional consignment model, sellers get a portion of the selling price, but Move Loot handles all of the hassle.
  • In keeping with Move Loot's environmental values, items that don't sell are eventually donated to local charities.

There are no other delivery services that also provide a quality check, professional photography and storage. Storage is particularly helpful when sellers have multiple pieces, or when buyers want to purchase multiple pieces and have them delivered all at once. Because Move Loot handles pickup, storage and delivery, users can have furniture picked up or delivered on their schedule, without needing to coordinate timing with strangers.

The company will be replicating its very successful business model from San Francisco and San Jose and has already hired seven employees in Raleigh-Durham, including General Manager Mike Althoff, a University of North Carolina graduate, to oversee operations. Move Loot is recruiting quickly, with plans to build a 20-person team including warehouse and delivery positions by end of September.

Since its founding in October 2013, Move Loot has been growing revenue by 40 percent month-over-month. Bobbitt attributes the company's success to both the convenience factor with its next day pick-up and delivery, as well the green aspect to the business. Move Loot makes it easy to buy high-quality secondhand pieces that will last years longer and help reduce waste, versus buying cheap, disposable goods that will fall apart after a short time. It combines the best features of traditional consignment shops with what has worked best for digital peer-to-peer marketplace offerings.

Move Loot recently raised a $2.8M seed round of funding, and plans to launch additional cities across the United States in the coming months.

About Move Loot
Move Loot is the first curated, full-service online marketplace for secondhand home goods. The company aims to not only make buying high-quality, stylish used goods easier, but also to reduce the amount of furniture that goes into U.S. landfills - currently, 10.8M tons annually. Unlike peer-to-peer services or classified ads, Move Loot takes the burden off sellers by picking up their goods and selling them on their behalf, and the service includes professional photography, storage and next-day delivery to the buyer. Currently available in San Francisco and San Jose, Move Loot plans to expand its service to other major markets in the coming months. The company is backed by venture capital firms including First Round Capital and Index Ventures. Learn more at www.moveloot.com or follow the company on Facebook, Pinterest or Twitter.

Move Loot is a trademark of Move Loot Inc. All other trademarks contained herein are the property of their respective owners.

Contact Information

  • For information, contact:
    Michelle Faulkner
    Email Contact
    +1 617 510-6998