Empire Business Associates, a Northeast Ohio merger and acquisition firm, represents a commercial trucking company that is available for acquisition.
The company is a commercial delivery service that was started in 2007 and specializes in both long and short haul flatbed truck freight service. Most loads are dedicated shipments for a customer, not shared loads or LTL. Flatbed shipping is a unique service that is not common and demands a premium.
Loads can range in size from a few hundred pounds to over 50,000 pounds on a semi-flatbed. Their primary customers have been in the steel industry, hauling steel products and finished goods. They are known for showing up on time and offering fair prices. Most deliveries are within a day’s drive, but they will deliver anywhere east of the Mississippi River.
Through the years they have developed a loyal customer base and have not had to advertise to maintain a steady flow of profitable business coming in. Their honest pricing and the care taken to be sure deliveries are on time and in good order has resulted in an excellent reputation. They often turn business away due to capacity limits.
There are 5 office workers, 9 full time drivers, one warehouse person and 10 independent drivers used daily. Most employees have been with the company for several years.
All trucks are equipped with GPS tracking systems and electronic log verification to meet DOT driver time rules. They can tell customers exactly where a truck is
and when it will arrive.
PRICE They will listen to a reasonable offer.
About the Business
Number of Employees:
They are leasing two units, which is used for warehousing goods for its customers.The facility has 23,000 sf.; 16,000 sf of warehouse and 1,500 sf. of office. They are currently renting and the lease expires 7/31/2020.
Asking Price: Not Disclosed Gross Revenue: $3,111,187Cash Flow: $237,778 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share 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.
The information on this listing has been provided by either
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
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