Business Overview

This Company was founded in 2012 by its 2 current owners. The company was started with just 5 trucks and has grown into an operation with over 100 trucks in 2021. They provide transportation, warehousing, and logistics services nationwide to all 48 continental US states, with a strong local & regional presence. They specialize in providing freight hauling services for dry and refrigerated goods for full and partial loads. They primarily work with large freight brokerage companies to receive their loads. They operate with very low customer concentration as no customer represents over 11% of their annual sales.

Business operations are conducted in a leased warehouse and office space in a combined 3,500 sq. ft. facility. The day-to-day operations & overall management of the company is handled by the 2 owners. In addition, the company is equipped with an experienced & tenured team of employees, dispatchers, and drivers to help run the operations. This company presents strong opportunities for continued & accelerated growth into the future.

Financial

  • Asking Price: N/A
  • Cash Flow: $7,500,000
  • Gross Revenue: $30,000,000
  • EBITDA: N/A
  • FF&E: $8,000,000
  • Inventory: $30,000
  • Inventory Included: Yes
  • Established: 2012

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,500
  • Lot Size:N/A
  • Total Number of Employees:20
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Other interests

Additional Info

The company was established in 2012, making the business 10 years old.
The transaction shall include inventory valued at $30,000, which is included in the asking price.

The business has 20 employees and resides in a building with disclosed square footage of 3,500 sq ft.
The real estate is leased by the company for $4,500 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell companies. Nevertheless, the real factor vs the one they tell you might be 2 entirely different things. As an example, they might state "I have way too many other commitments" or "I am retiring". For many sellers, these reasons stand. However, for some, these might just be reasons to attempt to conceal the reality of transforming demographics, increased competitors, current decrease in revenues, or an array of various other factors. This is why it is extremely essential that you not count completely on a seller's word, however instead, use the seller's solution combined with your overall due diligence. This will repaint a more practical image of the business's current situation.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses finance loans so as to cover things like supplies, payroll, accounts payable, and so on. Remember that occasionally this can imply that profit margins are too thin. Numerous businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with vendors that must be fulfilled or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area attract brand-new clients? Most times, operating businesses have repeat clients, which create the core of their day-to-day profits. Certain aspects such as brand-new competition sprouting up around the area, road construction, and also employee turnover can impact repeat customers and adversely impact future incomes. One vital thing to think about is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the better the opportunity to build a returning consumer base. A final thought is the general area demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? Just how might the neighborhood average household income influence future revenue potential?