30 Yr Trucking Co Includes $350K Accts Receivable
Cincinnati, OH Hamilton County
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- RE: 30 Yr Trucking Co Includes $350K Accts Receivable
- Contact: Dan Long
Quick Facts
| Asking Price: | $550,000 | |
| Annual Revenue: | $5,100,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $250,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $200,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1993 | |
| Employees: | 29 | |
| BBN Listing #: | 933487 | |
| Broker Reference #: | 61132 |
Business Overview:
The asking price includes $350,000 in accounts receivable, the seller will pay all current payables at closing along with the seller retaining the cash in the company accounts. The retirement aged original owner of this Greater Cincinnati trucking company has a myriad of services that have been offered through the years: air freight cartage, same day delivery, hot shot trucking, express trucking, expedited LTL, exclusive use vehicles, white glove and blanket wrap services. The company provides expedited transportation solutions at the local, regional, and national levels across the US and Canada. They operate with primarily company employed drivers and vehicles. The business is offered as an asset sale purchase, free and clear of debt. The owner will train in all aspects of the business and will be available to ensure a smooth transition. Other highlights include:
SBA loan eligible
No accounts receivable issues
11,200 SF office, warehouse, and dock space
Transportation Management System software
Employees with total of over 100 years with the company
Over $200,000 in trailers & warehouse equipment
Clean books and records – all numbers are verifiable.
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Property Features and Assets:
The company is housed in a 11,200 square foot facility with 1,700 square feet of office space, the balance being warehouse space. There is a paved lot with plenty of dock space.
Market Competition and Expansion:
This is a competitive industry, but the company separates themselves from their competition with their over 100 year loyal work force.
Reason for Selling:
Retiring - health
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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