Seller's Contact Information
- RE: Fast Growing Utah Truck Services Business
- Contact: Dean Wiltse
Quick Facts
Asking Price: | $1,750,000 | |
Annual Revenue: | $3,644,025 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $397,000 | |
Total Debt: | Not Disclosed | |
FF&E: | $1,000,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2016 | |
Employees: | 4 | |
BBN Listing #: | SB-53845 | |
Broker Reference #: | DRAPERUT001-53845 |
Business Overview:
Utah trucking service company provides truck services to contractors and homeowners in Salt Lake and Utah Counties (and surrounding areas). Established in 2016. 2023 SDE of $397,188 is calculated as follows: $216,862 net income+$130,326 debt payments +$50,000 maintenance - 4X MultipleRevenue for 2023 was = $3,644,025 = .44 multiple of revenueGross Profit $966,277 = 1.65 MultipleYou must have at least $500,000 to invest. The business is currently paying $13,786 per month debt service. This means in today’s market $1,000,000 debt @ 11% interest is approximately $13,750 per month, the same debt the business is paying now. The owner will carry $160,000, if you put down $500,000, your net income for 2024 should be similar or better than 2023 net income of $266,862. That is $216,862 net income+$50,000 extraordinary maintenance.
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Market Competition and Expansion:
The city has a strong economy and is one of a handful of places that is positioning itself to capture tech companies looking to escape the rising costs in Silicon Valley. Unlike cities further east like Nashville or Houston, Salt Lake City is sandwiched between the eponymous Great Salt Lake on one side and the Wasatch Mountains on the other. People move here in droves and the residential market makes up more than half of all construction. We expect this to continue.
Reason for Selling:
Spend time with Family
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
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