Single source logistics provider – (trucking, warehouse and brokerage)

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Perfect for Strategic or Individual Buyer

Business Description

A single source, customer focused, logistics provider, offering warehousing, trucking (Asset Based and Non-Asset Based), freight brokerage and US and international freight forwarding services. The company goal is to be the sole “supply chain management” provider for their over 100 active customers, offering every possible option a customer could need. The company has an excellent reputation, loyal, trained personnel and a long-term customer base, whom in most cases they have been doing business with for years. The company operates out of two adjacent facilities located in the Southeast’s major logistics hub with easy access to major highways. One of the warehouses is owned by the business owner the other is leased. The combined square footage exceeds 200,000, and they have room to grow at their current locations. The company employees 65 people including a strong management, drivers, office staff and warehouse workers. The company is positioned to take a larger share of the $1.3 trillion dollar US logistics market and has significant growth opportunities with existing customers along with thousands of other potential new customers. The company also has both geographic growth possibilities along with new service options in each of the service categories it operates in. A new more aggressive owner could capitalize on many of the opportunities the company is turning down. This is an excellent opportunity for a strategic buyer, or and individual looking to build a business of greater value.

About the Business

Location:
Iredell County, North Carolina
Real Estate:
Owned
Building Sq. Ft.:
100,000
Facilities:
Property included in the sale price – State of the art, 102,000 Square foot warehouse, 4500 Square foot cross dock, 950 square foot repair shop, 25 acres fenced in land.
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About the Sale

Reason For Selling:
Retire
Training/Support:
90 Days - The current owner is beyond retirement but realizes he might need to stay on for up to a year to provide a seamless passing of the torch.

Listing Info

ID:
1576377
Ad Detail Views:
0
Asking Price:
$5,600,000

Gross Revenue:
$18,000,000
Cash Flow:
$903,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$3,200,000
included in asking price

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Business Listed by

Roy Mita

Plymouth Financial Group

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