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Asking Price:	$550,000 USD USA Dollars
Business for Sale Industry:	Services: Moving, Storage
Reason for Selling:	Growth requires additional resources.
Year Established:	2000
# of Employees:	7
Yearly Revenues:	$705,447
Yearly Cash Flow:	$139,989
Yearly Gross Income:	$705,447
Monthly Payroll:	$18,685

Business for Sale Overview:

Since opening in September of 2000 this freight company has grown an average of 8.3% in the past 3 years for a total of 68.4% since inception. They provide local and long distance pick-up, delivery and expedited services, crating, repackaging and small warehousing. Their clients include OEM, tier 1 and 2 and local automotive suppliers, as well as State and Federal Government Agencies primarily in the Midwest and Canada. Their success is attributable to hard work, excellent customer service and competitive pricing. They are a certified minority supplier in several categories. An excellent buyer would be a minority owner with sufficient capital to purchase and grow the company.

Property Features and Assets:

The vehicle fleet includes one cargo vans, one 24 ft. straight truck, one 26 ft. straight truck and six owner/operator agreements with cargo vans and straight truck owners. A second cargo van will be replaced from an insurance settlement. Seller expects the buyer to assume the lease payments for some of these vehicles. Additional equipment includes warehouse storage racks, a forklift, a pallet jack, a power washer, 3 computer workstations and misc. office equipment. The 5,000 sq. ft. facility is leased until 2/28/2009 at $2,600 a month. The lease can be renewed or the buyer would move to a new location.

Market Competition and Expansion:

Market growth should remain steady since freight transportation is a basic necessity for manufacturing and distribution companies. Pricing must remain competitive to maintain the current client base. The company current has 6 major fortune 100 clients. There is room to grow those clients and focus on adding new clients. The owner lacks the capital required to take the company to the next step. A buyer with more funding will find numerous opportunities. According to 1999 US Statistics, transportation is the 5th most profitable and fastest growing industry. Their market niche is secured because they are one of only a few minority owned companies in their market. Direct competitors are numerous but so are business opportunities for those who have a proven track record. The company enjoys repeat business from a very loyal customer base.

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 is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.