Oldest Linehaul Operation- 7 Impeccably Managed Runs-Super Profitable!

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All trucks will come free & clear.Total Asset value approx $300K!
Asking Price:
$1,100,000

Gross Revenue:
$987,380
Cash Flow:
$281,916
EBITDA:
$281,916
Inventory:
 Not Disclosed

FF&E:
$280,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

The Company is an NC corporation founded close to two decades ago, which happens to be the oldest Linehaul operation in the region! Since its inception it has achieved rapid sales growth! The Company is a Linehaul Contractor of FedEx, a Fortune 100 global shipping company.

The Company’s “Contractor Operating Agreement” with FedEx gives it exclusives rights to service a total of 7 runs. FedEx Linehaul operators move packages on “long haul” routes between FedEx hubs. The Company runs out of the local market and delivers to FedEx hubs in other nearby local markets. The typical hours of operation for the drivers are M-F from 7pm to 7am.

With the continued growth of e-commerce in the US, the Company is expected to continue to growth rapidly over the next 5 years!

The Company’s trucking business operates out of two local FedEx Hubs owned by FedEx, therefore the Company does not have to pay rent. The operation comes with a seasoned Operations Manager that has been managing the business for over a decade. The Company’s Operations Manager and drivers will remain with the business.

Operating the Company involves keeping in contact with FedEx, scheduling runs, reporting, hiring and dealing with staffing issues, truck maintenance, and payroll (accounting).

Why invest in this Linehaul Company?

Easy…
1. Consistent sales growth since founding
2. Part of a rapidly growing industry
3. Powerful global partner in FedEx
4. Predicable revenue
5. Range of growth strategies
6. Easy of management as current owner puts in only 2 hours a week in the business and the rest of the business is managed by a season Operations Manager
7. Well managed business and clean books
8. Impeccable reputation and is the oldest Linehaul operation in the region
9. No debt will be transferred, and all vehicles will come free and clear
10. Make money day 1 and get paid every single week. No cash flow or AR issues!

About the Business

Year Established:
2001
Number of Employees:
8
Facilities:
The 7 FedEx Linehaul Runs are operated out of a local FedEx Hub owned by FedEx, therefore, the Seller and other contractors do not pay rent. No debt will be transferred as all 8 of the vehicles will be delivered free and clear at the time of closing.
Growth & Expansion:
FedEx route owners have experienced growth each year since this model has been in place for over two decades! The trend is continuing to go the way of e-commerce (online shopping) which is why the logistics industry has exploded. FedEx is no exception to this growth. In fact, FedEx growth is projected to be more significant in the coming years due to FedEx strategic partnerships with big name retailers and online retailers. This is a recession and competition proof business!
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About the Sale

Reason For Selling:
Other interests
Training/Support:
The Seller is willing to provide as reasonable training needed until the Buyer is comfortable taking full control. The Seller himself only puts in 2 hours a week in the business as the whole operation is run by the Operations Manager who has managed the business for well over a decade, and will be staying with the business.

Listing Info

ID:
1485753
Ad Detail Views:
1704

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$
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Business Listed by

Raaz Ali, MBA, CBI

Pivotal Group, Inc.

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Certifications:
U.S. Census Data for Wake County, NC
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

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

U.S. Community Survey Data for Wake County, NC
Income

Education

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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