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Listing# :
17843
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Listed Price :
$1,500,000
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Total Sales :
$3,127,409
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SIC :
4213
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Down Payment :
$165,000
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Status :
Active
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Discretionary Earnings :
$529,885
Business Type :
Transportation / Trucking Companies, Transportation / Freight Company
Business Description :
- Business established in 1959
- INCLUDES: 11 Tractors & 29 Trailers valued at $1,200,000
- Long-term sustainable customers with tremendous growth opportunities
- Relocatable - 60% Regional, 20% Long Distance, 20% Local
Family-owned and operated specializing in transporting pad-wrapped fixtures to retail stores throughout the country and furniture transportation from California to all points east. Services include truckload, LTL, roll-out, exclusive use and expedited.
Currently serving 3 major clients (90% of revenue) with pick-up locations in VA, MD and CA. Relationships with these clients span a minimum of 15 years and some as long as 30 years. Clients also have excess capacity, which would be an opportunity for the next owner to handle a significant increase in loads. All clients will stay with similar level of service.
Liability and Workers Comp Insurance are low due to their safety ratings and overall good history and hiring practices. Currently employs 11 drivers, 2 mechanics and 2 office staff. Current staff will be afforded the opportunity to remain in
current positions given a timeframe to show their expertise in their own specific area of the business, as
well as offering new owners time to evaluate abilities of each.
Assets/Liabilities:
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Accounts Receivable $71,113
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Incl : No
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Real Estate $0
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Incl :
-
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Inventory $5,000
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Incl : Yes
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Liabilities $588,651
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Incl : No
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FF&E $25,000
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Incl : Yes
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Other: $1,195,000
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Incl : Yes
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Leasehold $50,000
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Incl : Yes
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Total Assets
$1,275,000
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Incl : Yes
Lender Prequalified: Yes
Similar Listing :
Transportation
No similar items available currently.
(973) 996-1168
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