Listing ID: 80960

Business Overview

Great opportunity to own a well-established/family-owned Trucking Company based in the Mountain West. This business provides heavy carrier services to clients throughout the United States. They specialize in flatbed areas of transportation, heavy haul, and long haul. They have a mix of leased and owned trucks and trailers that will transfer with the business. Business also works with many National and International mining and drilling companies. With 18 highly qualified employees, the company has a proven track record in safety, security, and efficiency. As a bonus, the operations manager is willing to stay with the company. He is well qualified and has an extensive background in larger operations.
Locally, the Reno, Sparks, and Carson City area has a small town feel with a big city attitude. The city offers excellent shopping and dining options, robust nightlife offerings, high-performance schools, including a Tier 1 University with over 25,000 students—and is just a half hour from beautiful Lake Tahoe.

From a Business perspective, Northern Nevada is highly regarded as a pro-business, low-tax environment that appeals to a wide range of business and industry. With no personal, corporate, franchise, estate, inheritance, or inventory tax, it’s no wonder that Nevada ranks #7 Most Business-Friendly Tax Climate.

Financial

  • Asking Price: $6,500,000
  • Cash Flow: $1,992,057
  • Gross Revenue: $654,961
  • EBITDA: N/A
  • FF&E: $1,900,000
  • Inventory: $35,000
  • Inventory Included: N/A
  • Established: 2001

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:18
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

Negotiable

Purpose For Selling:

Retirement

Pros and Cons:

This business has a strong reputation and positive relations with their customers and a highly qualified established workforce. There are few companies in the area with similar qualified employees as well as strong relationships with customers.

Opportunities and Growth:

There is plenty of room for expansion with a growing industry. Manager is willing to stay on with the company to assist in the transfer of the business. Additional social media and an updated website would be helpful.

Additional Info

The venture was started in 2001, making the business 21 years old.
The sale shall not include inventory valued at $35,000*, which ins't included in the listing price.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell businesses. Nonetheless, the real reason and the one they say to you might be 2 entirely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For many sellers, these reasons are valid. However, for some, these might just be excuses to attempt to hide the reality of changing demographics, increased competition, recent decrease in incomes, or a range of other factors. This is why it is really essential that you not count totally on a vendor's word, however instead, use the seller's response along with your overall due diligence. This will paint a much more sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many operating businesses finance loans with the purpose of covering items like stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that profit margins are too tight. Lots of organisations come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that have to be fulfilled or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location attract brand-new consumers? Most times, operating businesses have repeat customers, which create the core of their daily profits. Specific aspects such as brand-new competition growing up around the area, road construction, as well as employee turnover can affect repeat customers and adversely affect future revenues. One important thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the greater the possibility to develop a returning client base. A final thought is the general location demographics. Is the business situated in a densely populated city, or is it located on the outskirts of town? Exactly how might the neighborhood mean family earnings effect future income prospects?