VERY PROFITABLE CONTRACT CARRIER CO (51471)
| Asking Price: | Not Disclosed | Inventory: | |
| Gross Revenue: | $8,000,000 | Real Estate: | n/a |
| Cash Flow: | $100,000 (comments below) | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
| Cash Flow Comments: EBITDA | |||
This very profitable Company is a freight carrier providing dedicated contract services primarily to the automotive industry across the Midwest. The Company specializes in transporting automotive inbound assembly parts. The long distance road transportation industry has a low concentration, with the top four companies accounting for only 14.3% in 2006.
Transportation services provided include full truckload, multi-stop pickup routes, switching, and shuttling. Switching is providing dock to dock service, dropping off full containers and returning empty trucks to the Company's facility. Shuttling is a very short route (such as 30 miles), where smaller parts are transported to client facilities.
Sales and marketing for the industry are driven by a bidding process. Freight management companies or lead logistics providers ("LLPs") typically handle relationships for their major clients, working with firms to establish transportation services. The president and two operations managers handle the majority of the Company's sales activity.
Transportation services provided include full truckload, multi-stop pickup routes, switching, and shuttling. Switching is providing dock to dock service, dropping off full containers and returning empty trucks to the Company's facility. Shuttling is a very short route (such as 30 miles), where smaller parts are transported to client facilities.
Sales and marketing for the industry are driven by a bidding process. Freight management companies or lead logistics providers ("LLPs") typically handle relationships for their major clients, working with firms to establish transportation services. The president and two operations managers handle the majority of the Company's sales activity.
About the Business
Year Established:1998
Employees:69 full time -
Relocatable:Yes
Facilities:2,000 Square foot office and shop leased from a third party at a fair market rate of $24,000 per year. The current lease is set to expire in 2008.
Market Outlook and Competition:Outstanding growth opportunities: If properly capitalized, the company has numerous prospects for growth opportunities. These prospects include, but are not limited to, the addition of a dedicated salesperson and the expansion into one way freight services.
About the Sale
Reason For Selling:Retirement
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