Nationwide Trucking & Transportation Company

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Trucking company established with growth potential
Asking Price:
$2,000,000

Gross Revenue:
$2,771,000
Cash Flow:
$379,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$1,100,000
included in asking price

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Business Description

Well established Northeast trucking company hauling freight nationwide with some long term established accounts. This company has an excellent reputation for personalized service and has been doing business with most of their current clientele for many years. Currently operates 15 trucks and 19 trailers. Trucks are from 2004 to 2012 and very well maintained by in-house mechanic. It only utilizes company owned trucks/trailers. The business is headquartered in Maryland since 2004 and it operates in all 50 states and DC.

Company has a long, solid track record and has carved out a niche for itself in the construction industry transport business. Its 12 current drivers are experienced and eager to work.

The current owner, who is willing to negotiate a generous transition period, has built the profits around a system that allows the company to take advantage of the most profitable loads. Highly specific software and programs track drivers' time, progress and whereabouts to streamline efficiency and increase profitability. They run at full capacity most weeks.

This company would be a great investment for another logistics company looking to expand in geography or customer base. Additionally it is an excellent opportunity for a strategic buyer, or an individual looking to build a business of greater value. We welcome serious inquiries only and will ask if you are financially capable to make the acquisition.

Industry outlook - according to 2017 IBIS World Industry report
The industry generally moves in line with the overall economy and is a good measure of economic health. As the economy improves and demand for freight traffic increases, both industry revenue and profit are typically expected to rise for this industry.

About the Business

Year Established:
2004
Number of Employees:
16
Real Estate:
Leased
Lease Amount/Mo.:
$3,750.00
Lease Expiration:
7/31/2019
Facilities:
Company operates out of a 2.5 acer yard in a truck friendly location next to all main access routes to surrounding highways. In addition to the main office which contains several offices it has also build a heated and well-constructed doom/shop covering 5,100 square foot which serves as the indoor mechanic shop and parts and equipment storage space. Fleet maintenance shop, office, tools, equipment, service truck, forklift, service van, and parking is included with lease of the shop.
Market Outlook/
Competition:
The market is strong, so several competitors exist. This business has preferred relationships with its largest customer based on their personal care, industry-leading communications, and reliable performance, typically with excellent response time and flexibility. This business is absolutely recession proof. Their service is not the cheapest, but it is the most trusted and reliable for their customer base - and, as a result, it is the "go to trucker" in the area.
Growth & Expansion:
Strong and steady, if the new owners continue as-is, they will see continued growth. Adding more trucks or workers could increase expansion as well. There is plenty of room for expansion. Opportunities exist both with current clients and new clients.
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About the Sale

Reason For Selling:
Will retire from this industry to start a farming project in South America
Training/Support:
Owner is able and willing to train the buyer. Staff (dispatcher, bookkeeper, drivers, mechanic) will stay as long as needed or can remain with the new owner long term.

Listing Info

ID:
1479311
Ad Detail Views:
442

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$
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Business Listed by

Mike Zarinbaksh, MBA, CBI, M&AMIC

Sunbelt Business Advisors

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U.S. Census Data for Maryland
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Maryland
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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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