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Business For Sale
LEADING TRANSPORTATION LOGISTICS PROVIDER
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Asking Price: |
$3,250,000
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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Relocation |
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Year Established:
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2003 |
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# of Employees:
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6 Full Time |
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Yearly Revenues:
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$2,800,000 |
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Yearly Cash Flow:
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$600,000 |
Business for Sale Overview:
This perennial top ten 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' international and domestic LTL freight needs. The business serves companies of all sizes across a wide array of industries. By all standards (revenues, profits, cash flow, growth rate, franchise honors, employee satisfaction, customer satisfaction, etc.) this five year old business has been a huge success.
The managing partner and his passive investors are so thrilled with the success of their current franchises that the group has purchased franchise rights in a major West Coast city with the goal of duplicating their East Coast success. The managing partner has already relocated to the West Coast so the business is currently truly being managed on an absentee basis. The group wants to find a qualified successor for this terrific business as they follow their corporate plan of buying undeveloped territories, building them up to a high six figure cash flow and then selling them.
Located in attractive offices in a major East Coast market, this business (with six full time employees) is tracking for record revenues of $3.0 million in 2008 with an impressive $600,000 annualized cash flow.
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, Schenker/BAX Global and USF Holland, to name a few.
Despite the company's strong history of growth and outstanding cash flow, it has literally just scratched the surface of the LTL component of the business, which based on franchiser forecasts and the company's recent push in this area could add at least $500,000 in 2009 revenues without adding any additional fixed cost.
The franchiser's business model has been a real winner and the franchiser has received 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 $3.25 million, and to help qualified buyers, the seller will carry a meaningful seller note.
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 a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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