Asking Price: $3,650,000 Gross Revenue: $4,562,664Cash Flow: Not DisclosedEBITDA: $1,279,004Inventory: Not Disclosed included in asking priceFF&E: $3,900,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Growing Dry Van trucking company on the east coast of Florida. The company has 22 tractor units and 35 trailer units (vented). The tax cost for the tractors and trailers exceeds 4.7 million with most of the units model 2018 or newer and under warranty. The company employs 32 individuals (25 drivers, 2 mechanics and 5 office/dispatch staff). The drivers are independent contractors.
The company has experienced exceptional growth over the past several years growing revenues over 60% from 2016 to 2017 and over 18% from 2017 to 2018. 2019 YTD suggests growth exceeding 2018 level. The addition of a significant new customer in 2019 could drive revenues well past this current trend.
The company is 48 state authorized for interstate transport. Load mix is approximately 30% produce increasing to approximately 50% in season. Clean cardboard is approximately 20% with the remaining 30 to 50% general freight. The customer mix is varied resulting in limited customer concentration risk.
The company generates excellent EBITDA with substantial free cash flow available after tractor and trailer debt service. EBITDA in 2018 was $1,279,004.
The Seller and his partner wish to retire and sell the company to a firm or individual that can leverage what they have built and take the company to the next level. There is substantial upside to this business with organic growth from the existing customer base and expansion.
The asking price is $3,650,000 plus the assumption or refinancing of the tractor and trailer debt of approximately $3,500,000. Interested parties must sign an opportunity specific Non-Disclosure Agreement. The opportunity has been pre-screened and approved for SBA financing for a well qualified buyer with adequate capital investment.
About the Business
St. Lucie County, Florida
Number of Employees:
Building Sq. Ft.:
$5,250.00 Per Month
Office space, yard space and maintenance repair facility with 2 full tractor and trailer bays.
The company is well positioned against competition.
Growth & Expansion:
The company has excellent customer relationships which provide for substantial potential growth within the existing customer base.
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the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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