Listing ID: 82239
This profitable online freight broker is a logistics company which contracts with customers to schedule Full Truckload (FTL) and Less Than Truckload (LTL) freight carrier services. This business can be run from anywhere. The software used by this business was built in-house to deliver an easy-to-use system for customers to schedule their shipments. This software and website are included with the sale of the business.
- Asking Price: $1,100,000
- Cash Flow: $185,588
- Gross Revenue: $1,111,229
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
This business can be operated from anywhere and does not need a physical location.
Pursue other business opportunities.
Because the proprietary system was built in-house, there is the ability to make adjustments to the program as needed.
Because this business is 100% Internet-based, the business can be worked by multiple people in various locations. The business can be grown dramatically by adding more brokers and assistants to the staff and implementing aggressive marketing and sales campaigns. The business has a large current and past customer contact list which could be marketed to in order to grow revenues.
The business was founded in 2013, making the business 9 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. Nevertheless, the real factor and the one they say to you may be 2 completely different things. For instance, they might claim "I have way too many other responsibilities" or "I am retiring". For many sellers, these factors are valid. But also, for some, these may simply be reasons to attempt to conceal the reality of changing demographics, increased competition, current decrease in earnings, or a variety of various other factors. This is why it is really vital that you not rely absolutely on a vendor's word, however instead, use the vendor's answer along with your general due diligence. This will paint a more reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Lots of operating businesses take out loans with the purpose of covering things like inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that earnings margins are too small. Numerous businesses come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with suppliers that have to be met or might cause 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, operating businesses have repeat customers, which develop the core of their daily revenues. Specific variables such as new competitors sprouting up around the location, road building and construction, as well as employee turnover can influence repeat clients and adversely influence future profits. One important point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the main road? Obviously, the more individuals that see the business often, the greater the opportunity to develop a returning client base. A final idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood typical home earnings influence future earnings prospects?