Listing ID: 73528
26 Zip Code Fed Ex Ground Routes out of the Perrysburg, Ohio FedEx Depot; 33 Delivery Trucks and Vans; 1 Tow Truck; an Office and Repair Center Building; and 4 Managers. All set up in 4 companies: 2 companies with FedEx Contracts; 1 Company Leasing Trucks and Vans; and 1 Service & Repair Company. Turnkey operation.
- Asking Price: $3,100,000
- Cash Flow: $770,000
- Gross Revenue: $5,800,000
- EBITDA: $770,000
- FF&E: $1,000,000
- Inventory: $2,000
- Inventory Included: Yes
- Established: 2002
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:4,400
- Lot Size:N/A
- Total Number of Employees:44
- Furniture, Fixtures and Equipment:N/A
Office and Repair/Service Center for Vehicles
Turnkey operation with 4 experienced Managers in place. Owner will transition, train and consult.
Retirement - slowing down.
In good standing with FedEx - have been awarded many routes.
All components in place to enable and facilitate expansion. Newer and well-maintained vehicles.
The business was started in 2002, making the business 20 years old.
The transaction shall include inventory valued at $2,000, which is included in the asking price.
The company has 44 employees and resides in a building with disclosed square footage of 4,400 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell companies. Nevertheless, the real reason vs the one they tell you may be 2 entirely different things. As an example, they might say "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competitors, current reduction in earnings, or a range of various other factors. This is why it is extremely important that you not depend totally on a seller's word, however rather, make use of the vendor's response along with your general due diligence. This will paint a more practical picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses borrow money so as to cover points such as supplies, payroll, accounts payable, etc. Remember that sometimes this can suggest that earnings margins are too tight. Many companies fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be met or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the area draw in brand-new consumers? Most times, companies have repeat customers, which create the core of their day-to-day profits. Specific variables such as brand-new competitors growing up around the area, road building, as well as personnel turnover can affect repeat clients and adversely influence future revenues. One important point to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Undoubtedly, the more people that see the business often, the better the possibility to develop a returning consumer base. A final idea is the general area demographics. Is the business located in a largely populated city, or is it situated on the edge of town? How might the local median family earnings influence future earnings potential?