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Business For Sale
TRUCKING COMPANY
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Asking Price: |
$5,000,000
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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Capitalize growth |
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Year Established:
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1990 |
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Yearly Revenues:
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$6,900,000 |
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Yearly EBITDA:
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$1,100,000 |
Business for Sale Overview:
This Western trucking company was founded just over fifteen years ago and is licensed to operate in all 48 of the continental United States. Their fleet consists of 42 power units and 52 refrigerated trailers. The Company has shown steady growth in revenue and profits over the past several years. Sales in 2002 were $5.3 million and reached $6.9 million in 2006. EBITDA has risen from $246,000 in 2002 to $1.1 million over the same period. Under the current operating environment, sales are projected to increase 10%, exceeding $7.6 million in 2007. No one customer provides over 13% of revenue and the top 40 customers contribute 79% of revenue, with the top 100 providing 88%. The Company’s founding partners have continuously managed the business and believe that it will require additional capital and/or a merger to achieve The Company’s potential in the rapidly growing transportation market. Management has expressed a desire to continue with The Company in the event of a full or partial acquisition by a third party.
Property Features and Assets:
The Company’s headquarters is close to an interstate highway and is located on 10 acres of land in a 10,000 square foot facility. The building has two floors with 2,500 square feet of office space; shower area; break room; washer dryer area; parts supply room and storage/computer room. It also has 4.5 bays; one with a pit, one for truck washing, and two loading docks which are all heated by a waste oil heating furnace. The facility also has a 12,000 gallon underground high flow fueling system with electronic monitoring.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is 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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