Listing ID: 82168
Great opportunity to own a profitable, reputable, and well-established trucking company specializing in non-hazard tanker transportation in Iowa and surrounding states. This company can successfully continue as it exists or as a profitable add-on to a current operation.
The business consists of 18 tractors and 38 tankers that will be a part of the final sale. Key customers have been with this company for over 10 years. Several loyal drivers are in place.
This company is priced below valuation as health issues are forcing an accelerated process. An NDA and Buyer Profile will need to be completed prior to entering discussions. Inquiries from serious and qualified buyers only please.
- Asking Price: $4,350,000
- Cash Flow: N/A
- Gross Revenue: $5,200,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2001
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:17
- Furniture, Fixtures and Equipment:N/A
Seller will assist in a smooth tranzition
The company was established in 2001, making the business 21 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. Nonetheless, the genuine reason and the one they tell you might be 2 totally different things. For instance, they may claim "I have too many various commitments" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competitors, recent reduction in earnings, or a variety of various other factors. This is why it is really crucial that you not count completely on a seller's word, however instead, use the vendor's answer along with your general due diligence. This will repaint a more realistic picture of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Lots of companies borrow money with the purpose of covering points like inventory, payroll, accounts payable, and so on. Bear in mind that in some cases this can imply that revenue margins are too small. Numerous businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that must be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location draw in new consumers? Often times, businesses have repeat customers, which develop the core of their everyday revenues. Specific aspects such as brand-new competition growing up around the location, roadway building and construction, as well as staff turnover can affect repeat consumers and adversely affect future revenues. One important point to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the higher the chance to develop a returning consumer base. A final thought is the basic area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Exactly how might the regional median household earnings impact future income prospects?