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Business For Sale

LONG HAUL TRUCKING, GREAT ROUTES, GROWING FAST

Attn: Tim Bullard
not disclosed, WI, USA
Listing Number: "4181-178"
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Asking Price: $5,010,000 USD USA Dollars
Business for Sale Industry: Services: Travel, Transportation  
Reason for Selling: Can not manage growth, wants to go back to driving
Year Established: 1993
# of Employees: 30
Yearly Revenues: $4,738,652
Yearly Cash Flow: $735,599
Yearly EBITDA: $474,192
Yearly Net Profit: $51,777
Yearly Gross Income: $1,268,272
Monthly Payroll: $84,045
Total Debt: $2,700,000
 

Business for Sale Overview:

Located 25 miles outside of Milwaukee and just 1/4 mile from state highway feeding to 2 major intersates in Southeastern Wisconsin. This long haul trucking company specializes in refrigerated freight and has dedicated runs to Florida and the southeast as well as Ohio and Midwest. They also have clients shipping heavy machinery and durable goods. They make great money on outbound freight and have enough customers to fill trucks and make money on back haul. All 20 tractors and 25 trailers are newer, high end, and early in the depreciation cycle. Most tractors still have quite a lot left on 5 year, 500,000 mile warranties for motor and drivelines. Sale includes upper mid-west terminal just off state highway with 2.7 paved acres, 12,000 plus square feet of warehouse, docks, shop, and offices. Yard includes outdoor docks, fuel tanks, full power and extra storage building. Extensive and impressive equipment list. Turning down freight everyday and in need of an owner(s) who can infuse capital to buy more equipment and personnel to take on the freight they are turning down. Owner simply can't manage 50 drivers or finance the rest of the equipment needed to satisfy demand from the customer base.


Property Features and Assets:

2.7 acres of completely blacktopped yard with one outdoor loading dock. 10,000 square foot main building is made up of 5 offices, 2000 sq ft drive through shop with 18 foot overhead doors and 8000 square feet of warehouse attached to 800 square foot loading area. Two below grade, brand new concrete loading docks with drainage have just been added and are served by overhead doors. The interior of this building is immaculate and has just been updated with new insulation and tin walls along with new roof and landscaping. There is also an ancillary storage building of approximately 2400 square feet with overhead doors. The yard includes a 500 gallon propane tank, 9000 gallon truck fuel tank for mixed diesel and 100 gallon off-road tank for refrigeration units, and power for the refrigerated trucks when on the yard. It is located ¼ mile from a major state highway feeding to 2 major interstates.


Market Competition and Expansion:

While many trucking companies are going out of business this one is growing by leaps and bounds. Current owner can not finance or manage the size of operation necessary to fulfill the demands of customers. Great accounts and routes outbound and back haul are hard to find and the customers love this company. They are turning down as much freight as they are hauling.


Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • The owner may be 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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