Listing ID: 69927
Profitable trucking company that has been in business for over 10 years. Located in the middle of the US in a major transportation hub. They have serviced over 300 happy customers have 95% delivery rate for on time un damaged goods. The company has well managed website and has very high SEO on sites like Google, Yahoo, and Bing.
- Asking Price: $540,000
- Cash Flow: $67,322
- Gross Revenue: $137,874
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2011
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Seller will support a successful transition
Seller is pursuing other interests
This business is located in the center of US which gives them them the advantage to ship and dispatch in fast and convenient manner.
Owner is looking to add additional trucks in 2022
The business was founded in 2011, making the business 11 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell businesses. Nevertheless, the genuine factor and the one they say to you may be 2 totally different things. As an example, they might claim "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons stand. But, for some, these may just be excuses to attempt to conceal the reality of changing demographics, increased competitors, recent reduction in incomes, or a range of various other reasons. This is why it is really crucial that you not count totally on a vendor's word, but rather, use the seller's response in conjunction with your overall due diligence. This will repaint an extra realistic picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses finance loans so as to cover items like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can suggest that earnings margins are too tight. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that must be satisfied or might result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area bring in brand-new customers? Most times, operating businesses have repeat customers, which develop the core of their everyday earnings. Certain variables such as brand-new competitors sprouting up around the location, roadway construction, and staff turnover can influence repeat consumers and negatively impact future profits. One vital thing to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the greater the chance to develop a returning consumer base. A last idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? How might the local median house income effect future revenue prospects?