Listing ID: 82624

Business Overview

This opportunity is now live and you can execute this confidentiality agreement here:

https://bit.ly/NewportPartnersNDA

Executive Summary

The company is very profitable, growing, and a strategically unique “all dry-load services/one-stop” operation that serves clients with a near equal mix of local, regional and national service with drivers, certifications, and tractor trailers capable of picking freight up from, and delivering freight to, inland warehouses, rail yards, airports, customs facilities, drayage facilities, and sea ports. The company serves freight brokers, freight forwarders, and large logistics companies.

The company serves over 1,400 customers with no customer concentration issues, and just began operating out of a new and larger 2.1-acre facility/yard which includes 5,000 sq. ft. of office and – for the first time – a 10,000 SF repair facility as well as 3,000 SF of storage. It also has 4 other satellite yards it leases for parking and storage.

This non-union company has a fleet of over 95 tractor trailers on the road, with 57 company-owned, and 39 dedicated owner operator-owned. In December, 25 new tractor trailers on order are scheduled to arrive and drivers for these new tractors are already in place.

The business was started as a part-time endeavor in 2009 and the owner came on board full-time in 2018, significantly driving growth. The owner has nearly 20 years in the transportation/logistics industry, is a hands-on CEO, and is the sole owner
and shareholder of this S-Corp business. He has built a very talented team that includes 5 direct-report managers that oversee an office staff of over 21, and over 95 drivers.

Under the right circumstances, the owner would consider a
potential post-acquisition role with the buyer. The owner believes he has taken the business as far as he can with his financial and management resources and through the sale of the business he seeks to diversify his personal assets.

The exclusive M&A Advisor to the seller is Newport Partners M&A Advisory, LLC, Joe DiPietro, Managing Partner.

You can share your buyout and operational history and execute the NDA at –

https://bit.ly/NewportPartnersNDA

If you have any problems executing the online non-disclosure agreement, please contact Joe at joe.dipietro@newportpartnersinc.com or (773) 294-5995.

Financial

  • Asking Price: N/A
  • Cash Flow: N/A
  • Gross Revenue: $22,968,000
  • EBITDA: $4,389,000
  • FF&E: $3,555,000
  • Inventory: $200,000
  • Inventory Included: N/A
  • Established: 2009

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:18,000
  • Lot Size:N/A
  • Total Number of Employees:N/A
  • Furniture, Fixtures and Equipment:N/A

Additional Info

The company was started in 2009, making the business 13 years old.
The sale shall not include inventory valued at $200,000*, which ins't included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals resolve to sell companies. Nonetheless, the real factor vs the one they say to you might be 2 absolutely different things. For instance, they might claim "I have too many various commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these might simply be reasons to attempt to hide the reality of transforming demographics, increased competitors, recent decrease in revenues, or a range of other factors. This is why it is very crucial that you not depend totally on a seller's word, yet instead, make use of the vendor's answer in conjunction with your general due diligence. This will paint a much more practical picture of the business's present circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans in order to cover things like inventory, payroll, accounts payable, and so on. Remember that occasionally this can indicate that revenue margins are too small. Numerous companies 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 commitments to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that should be fulfilled or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the location draw in brand-new clients? Most times, operating businesses have repeat consumers, which create the core of their day-to-day profits. Specific variables such as brand-new competitors growing up around the location, road construction, as well as personnel turnover can affect repeat consumers and also adversely impact future profits. One vital thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the better the chance to construct a returning customer base. A last idea is the general area demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Exactly how might the local average household earnings effect future revenue prospects?