Listing ID: 73379
This 50+ year old company specializes in line-haul, LTL (less-than-truckload), expedited delivery and route coverage. They run mostly in Ohio with some limited
regional work with line-hauls. With a 30,000 square foot facility, the company is able to warehouse products for their clients.
The business continues to prosper with only word of mouth advertising. Having many long-term, loyal customers, keeps this freight company moving.
According to the owner there are, “…very high opportunities for growth in the market. No shortage of work is available,” and there is, “high potential for expansion and opportunity.”
The business is established and throughout its course of history, it has evolved to many different service sectors as requested by customers and the evolving needs of the logistics industry. The asking price includes all of the logistics, freight and delivery equipment to provide ongoing service and support for the long time and variety of customer base.
- Asking Price: $1,100,000
- Cash Flow: $248,960
- Gross Revenue: $2,572,446
- 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:30,000
- Lot Size:N/A
- Total Number of Employees:27
- Furniture, Fixtures and Equipment:N/A
Seller is willing to train and support the new owner.
The business has 27 employees and is situated in a building with estimated square footage of 30,000 sq ft.
The real estate is leased by the company for $9,090 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. Nevertheless, the genuine reason vs the one they tell you may be 2 completely different things. As an example, they may state "I have way too many various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competitors, recent reduction in profits, or a variety of various other factors. This is why it is really important that you not count totally on a vendor's word, but rather, utilize the seller's response combined with your total due diligence. This will paint a more practical picture of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous companies finance loans in order to cover items like inventory, payroll, accounts payable, etc. Remember that sometimes this can indicate that revenue margins are too small. Numerous organisations fall into a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location draw in new clients? Most times, operating businesses have repeat consumers, which form the core of their day-to-day revenues. Specific aspects such as brand-new competitors growing up around the location, roadway building and construction, as well as employee turn over can affect repeat consumers and also adversely influence future incomes. One essential thing to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business often, the greater the possibility to construct a returning customer base. A final thought is the basic area demographics. Is the business situated in a largely inhabited city, or is it located on the outside border of town? Exactly how might the regional mean family income effect future income potential?