Listing ID: 78957
This is a rare opportunity to own a very profitable trucking company in Maine! The company as been hauling since 2000 and continues to have much success. They currently have numerous mail contracts with the United Postal Service and have 10 trucks on the road to service the contracts. Also included is 4 Great Dane box trailers, tools and parts too numerous to list. The drivers love the fact that all their runs are in Maine!
- Asking Price: $495,000
- Cash Flow: N/A
- Gross Revenue: $1,100,000
- EBITDA: $184,800
- FF&E: $220,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Will provide what is necessary for a smooth transition
The trucking industry is STRONG!
The venture was started in 2000, making the business 22 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people choose to sell operating businesses. Nonetheless, the real factor vs the one they say to you might be 2 totally different things. For instance, they might claim "I have way too many other obligations" or "I am retiring". For many sellers, these factors are valid. But, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competitors, current decrease in incomes, or an array of other factors. This is why it is extremely important that you not rely totally on a seller's word, yet instead, make use of the vendor's solution combined with your general due diligence. This will paint a much more reasonable image of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses take out loans in order to cover things such as inventory, payroll, accounts payable, and so on. Remember that sometimes this can mean that revenue margins are too tight. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that should be fulfilled or may result in penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location attract brand-new consumers? Most times, companies have repeat customers, which develop the core of their everyday revenues. Specific variables such as new competitors growing up around the location, roadway construction, and staff turn over can affect repeat customers and also adversely affect future profits. One essential point to think about is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more people that see the business often, the higher the chance to construct a returning consumer base. A final idea is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? Exactly how might the neighborhood median household earnings impact future revenue potential?