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Business For Sale
LEADING TRANSPORTATION LOGISTICS PROVIDER
Attn:
Mike Greengard
Minneapolis / St. Paul, MN, USA
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Listing Number: "N386-MG"
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Listing
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Asking Price: |
$890,000
USD USA Dollars
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Business for Sale Industry: |
Services: Travel, Transportation
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Reason for Selling:
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Family Concerns |
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Year Established:
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2006 |
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# of Employees:
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1 Full Time |
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Yearly Revenues:
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$1,000,000 |
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Yearly Cash Flow:
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$250,000 |
Business for Sale Overview:
This top performing franchise of a highly rated franchiser provides transportation services for both small package shipments (international, overnight and ground) as well as third party logistic services for its customers’ freight needs. The business serves small and medium size companies across a wide array of industries. By all standards (revenues, profits, cash flow, growth rate, franchise honors, customer satisfaction, etc.) this four-year-old business has been a huge success.
The owner has done everything right, and now he wants to find a qualified successor for this terrific business so he can spend more time with his young family.
This business enjoys all the advantages of a transportation company with hundreds of customers active literally on a daily basis, but importantly the franchise is not asset based; i.e. there are no trucks, tractors, trailers, and/or warehouses, which require significant capital to support. The business operates with dozens of carrier partnerships with companies such as DHL, UPS Freight, Roadway Express, and USF Holland, to name a few.
The business generates $1 million in annual revenues with a very impressive $250,000 cash flow. The seller has established “unshakeable” relationships with his customers who have enabled his business to flourish without either employees or leased office space.
His outstanding territory includes four separate franchises which encompass a major (top 20) metro area in the Upper Midwest. The territory, voted one of the most desirable cities in the U.S. in which to reside, currently generates all of its business from just two of the four franchises. This means that there are enormous opportunities for a growth minded buyer both in terms of reaching out into existing, untapped territories and expanding the marketing efforts by hiring sales people.
The franchiser’s business model has been a real winner with the franchiser receiving any number of industry awards and lots of recognition within both the franchising and transportation communities. This web-based transportation company franchise is being offered at $890,000 (including the two undeveloped territories), which is a very realistic 3.4x current cash flow. The seller will carry a meaningful note for a qualified buyer.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This may become a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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