Listing ID: 72645
Turn-key up and running trucking business. Be your own boss!!
PLEASE NOTE: The following gross revenue and EBITDA numbers are only from January 1 – June 1, 2021.
Each truck has the potential and proven earning power of $686,400 annually.
2018 Ram 5500 power unit
2008 Ram 4500 power unit
2015 Big Tex 35+5 Flatbed Trailer
It is a great business for an owner operator. The profit potentiall goes up exponentially if the owner is also driving.
However, if the owner just wants to dispatch and hire drivers for the trucks, there is still great earning potential.
Many relationships with Brokers already esablished. American Freight, BobCat of Portland, BobCat of Seattle, Sterling, Armstrong, Top Flight, Ritchie Bros. and so many more.
- Asking Price: $395,000
- Cash Flow: $42,480
- Gross Revenue: $125,895
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Why is the Current Owner Selling The Business?
There are all kinds of reasons people choose to sell companies. Nevertheless, the genuine factor and the one they tell you may be 2 totally different things. As an example, they might state "I have way too many other obligations" or "I am retiring". For many sellers, these factors stand. But, for some, these might simply be reasons to try to conceal the reality of changing demographics, increased competitors, current decrease in earnings, or a range of other factors. This is why it is really vital that you not count totally on a seller's word, but rather, utilize the seller's answer together with your general due diligence. This will paint a more practical picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies finance loans so as to cover points like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can mean that revenue margins are too tight. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with suppliers that must be satisfied or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area draw in brand-new consumers? Many times, operating businesses have repeat consumers, which develop the core of their day-to-day earnings. Certain aspects such as brand-new competitors sprouting up around the area, road building, and personnel turn over can influence repeat customers as well as adversely affect future earnings. One crucial thing to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business regularly, the better the chance to build a returning client base. A last thought is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Just how might the local median house earnings impact future income potential?