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Business For Sale
REFRIGERATED TRUCKING COMPANY
Attn:
Rick Newberry
Northwest Arkansas, AR, USA
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Listing Number: "1684-RN"
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Listing
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Asking Price: |
$3,400,000
USD USA Dollars
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Business for Sale Industry: |
Services: Non-classifiable
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Reason for Selling:
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Retirement |
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Year Established:
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1977 |
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# of Employees:
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33 FT/ 1 PT |
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Yearly Revenues:
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$4,547,919 |
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Yearly Cash Flow:
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$410,610 |
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Monthly Payroll:
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$93,000 |
Business for Sale Overview:
This trucking company is a family owned, short and long distance, refrigerated trucking firm that has been servicing most of the United States for over thirty years. The owner has secured relationships with all of his major customers and lists several national accounts among his customer base. This trucking company has established an excellent reputation for personalized service and has been doing business with most of these companies for many years. The owner takes pride in knowing his customers personally, and in several cases has exchanged headquarters visits many times. At this time, he has reached a point where he would like to retire, travel and spend time with his family. Established in 1977, the business has produced steady growth to the point where the owner has been satisfied with the level of sales. Over the past four years revenues have averaged approximately $5.0 million and net discretionary cash flow averaged approximately $600,000. In 2007, sales were down slightly at $4.5 million as the economy softened. Net discretionary cash flow was almost $412,000. In 2008 YTD revenue through July is $3.4 million and net discretionary cash flow has returned to historical levels at $339,000 YTD. Due to numerous solicitations for additional work that has been turned down, the owner believes those numbers could be increased simply by expanding the fleet and equipment, and accepting work that has already been offered. The new owner could also benefit by expanding the workload for existing major customers, each of which has requested that the business expand. This business is a terrific opportunity for the next entrepreneur to build to it the next level. The cash flow is excellent and prospects are outstanding.Assets of the business included in the sale include: 18 tractors, 21 trailers, Real estate - 5460 square foot shop, Real Estate - 1200 square foot office, Real Estate - 3 bedroom home.
Property Features and Assets:
Assets of the business included in the sale include: 18 tractors, 21 trailers, Real estate - 5460 square foot shop, Real Estate - 1200 square foot office, Real Estate - 3 bedroom home.
Additional Details:
- The property is owned.
- The owner may be willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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