Not Disclosed, FL
Leon County

Leon County

Asking Price: Annual Revenue:
$3,325,000 $3,777,901

Services: Transportation - Trucking, Rail, Transit

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RE: Distribution/Logistics Broker: John Kraft

Quick Facts

Asking Price: $3,325,000
Annual Revenue: $3,777,901
Net Profit: Not Disclosed
Cash Flow: $881,003
Total Debt: Not Disclosed
FF&E: $34,350
Real Estate: $950,000
Year Established: 2005
Employees: 30
BBN Listing #: 93034955
Broker Reference #: 1017-14657

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Business Overview:

Logistics/Final Mile Delivery Company for Sale. An established/successful business that specializes in the final mile delivery of products that need two man delivery teams with lift gate service. The Business delivers a wide range of products to residences and businesses sold through e-commerce and brick and mortar retailers. Operates in a 150 mile radius of its North Florida headquarters. Business Sales Price: $2,375,000. Real Estate Sales Price: $950,000.

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Property Features and Assets:

The Business is located in North Florida and operates out of a 17,500 sq. ft. building that consists of its corporate office and warehouse. The location is an excellent fit for the footprint it operates and has easy access to major highways and interstate access. The Business has the ability to receive or load out four trucks at one time. The facility has a large reception area, 5 personal offices, a kitchenette and a lounge that can be used as a conference room. The facility, constructed in 1997, has basically everything a new owner would need to operate this business on "day- one". The company acquired this building in late 2017 for $735,000 and it is included in the $3,325,000 selling price. The following renovations and improvements have been made: * Installed new HVAC system.........................$6,000 * Installed new carpet.....................................$4,200 * Installed new electrical (rewired)..................$6,800 * Installed new plumbing & toilets...................$4,000 * Installed new roll-up doors and shelving ...$12,200 * Installed new crushed asphalt.................... $2,400 * Installed new storage racks in warehouse..$10,000 Total property improvements/upgrades........$35,600 Employees: There are currently 35 employees of the company. Those employees include an Experienced Operations Manager that has been with the company for 9 years as well as an established warehouse manager that has been with the company in numerous roles over the past 10 years. There is also an office manager that has been with the company for two years but has been in the industry for the past 16 years. The company can also boast that the average tenure for the drivers and delivery teams is over 6 years. Total Assets Included: $1,020,050

Market Competition and Expansion:

There is no other competitor in the market that offers two man lift gate deliveries with the scope and breadth of this business. The business has developed a reputation with its clients of superior customer service, attention to detail and extremely low transit times. Perhaps, the most notable competitive advantage this company commands is the speed and efficiency with which it receives, accounts for, re-loads and then distributes customer's products. The Final Mile Industry Distribution turn rate is approximately 3.1 days. For this company, the Turn Rate is 1.7 days. The less time a product remains in a warehouse, the more profits are to be made. This company thrives in the Distribution Business. It has no interest being in the Storage Business! There is huge potential for growth considering that The Business is primarily focused on the rapidly growing e-commerce business. In addition to their existing clients growing organically as e-commerce grows there is also the potential to add new clients and for their existing customer base to add new clients. There is potential to enter the middle mile business as well as potential to add storage clients to the current mix. There is also the possibility of a second location currently under consideration.

Reason for Selling:

Ready to transition in other avenues.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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