Local Freight Trucking Company With Strong Cash Flows

Business Overview:

This local Freight and Trucking Company was started by the current owner eleven years ago. The company quickly grew and current resides in an 11,328 Sqft. facility on a 41,600 Square feet lot just minutes from the port of Long Beach, CA. The company has four full time employees, and ten formerly independent contracts who currently have their own entities established that work with the Company to comply with CA Labor Law.

The Company boast a three-year historical average SDE percentage of 23.4% of revenues. Also, the Company current has a long term below market lease thru October of 2040, that can be assigned to a qualified buyer, for the Buyer to take advantage of the highly attractive lease.

For more information, please contact the listing agent, Chris Beckman using reply to this ad button. All Buyers are required to sign an NDA and complete a confidential Buyer Profile, before any confidential information can be disclosed.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Monthly Rent: $14,210.00

Square Units (Foot, Meter): 11,328

Lease Expiration Date: October 30, 2040, 12:00:00 AM

Terms Options: 16 Years Remaining

Facilities: Huge lot and facility that has plenty of parking spaces and room for all of the equipment to spare. 3 bathrooms.

FF&E Overview:    

Chassis - 20Ft x 9 x $8,000 - $72,000.00
Chassis -20Ft Triaxle x 3 x $13,000 - $39,000.00
Chassis - 40/45Ft = 4 x $12,000 - $48,000.00
Chassis - 40FT x 5 x $17,500 -$87,500.00
Chassis - 40FT x 11 x $10,000 - $110,000.00
Office Furniture - $28,000.00
609 pcs New Truck Tires $280 each - $168,000.00
W3 Event Venue - $135,000.00
20Ft Container - $1,500.00
Truck - Cuadra Owe Vin # GX4448 - $36,362.50
Truck - Cuadra Owe Vin # GLHA64 - $66,746.00
Truck -TJ Own Vin # GV7660 - $46,500.00
Truck - TJ Own Vin # FD2088 - $15,000.00
Tools Misc. - $25,000.00

Market Competition and Expansion:

Competition: Knight Transportation, C.R. England, Schneider, J.B. Hunt.

Expansion: The immediate growth opportunity is to recruit more drivers and routes.

Reason for Selling:

Retirement

Additional Details:

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