Listing ID: 77385
Established in March of 2016 this is a privately owned company that provides logistics services, using tractor-trailers, for customers, which are almost exclusively commercial businesses. They have their own tractors and drivers who work for them on a regular basis. This business specializes in truckloads and less-than-truckloads (LTL). They have a strong and excellent reputation as well as a strong database of brokers/clientele. They have the ability to serve all markets in lower 48 States of the United States. They have built a culture and client expectation that every product will be delivered to the final destination without any damage or loss of value, and in a timely manner to avoid any deductions in the rate or future claims. This is a business that is in a space where demand truly outpaces supply, and the sky is the limit to continue to increase sales and grow profit. So, if you are an entrepreneur that is looking for a high growth industry and someone that enjoys logistics this is a great business fit!
- Asking Price: $1,299,000
- Cash Flow: $428,926
- Gross Revenue: $2,728,464
- EBITDA: N/A
- FF&E: $234,887
- Inventory: N/A
- Inventory Included: N/A
- Established: 2015
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,800
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
This business has a leased location of 1,800 square feet with a total monthly rental of $5,757. The seller is active in business with 4 FT and 8 IC employee. Hours of operation are Mon-Fri, 6am-3pm. Included in asking price are $234,887 in equipment and fixtures.
Other Business Interests
The company was started in 2015, making the business 7 years old.
The business has 12 employees and resides in a building with disclosed square footage of 1,800 sq ft.
The building is leased by the business for $5,757 per Month
Why is the Current Owner Selling The Business?
There are all kinds of reasons people resolve to sell operating businesses. Nevertheless, the true factor and the one they tell you may be 2 totally different things. As an example, they might state "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons stand. However, for some, these may just be excuses to attempt to hide the reality of transforming demographics, increased competition, current decrease in incomes, or an array of various other factors. This is why it is extremely crucial that you not count totally on a vendor's word, however rather, make use of the seller's response combined with your general due diligence. This will repaint a much more realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing business 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 items like stock, payroll, accounts payable, etc. Bear in mind that occasionally this can mean that revenue margins are too thin. Lots of companies come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that need to be met or may result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in new clients? Most times, companies have repeat consumers, which create the core of their everyday revenues. Certain aspects such as new competitors growing up around the area, road construction, as well as personnel turn over can influence repeat customers and also negatively affect future profits. One vital point to take into consideration is the placement of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Clearly, the more individuals that see the business regularly, the greater the chance to construct a returning customer base. A final thought is the general area demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Just how might the regional typical household income impact future income potential?