North Carolina Transportation Company For Sale

Not Disclosed, NC
Iredell County

Asking Price: Annual Revenue:
$1,375,000 $1,466,000

Services: Transportation - Trucking, Rail, Transit

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RE: North Carolina Transportation Company For Sale Broker: Michael Norman

Quick Facts

Asking Price: $1,375,000
Annual Revenue: $1,466,000
Net Profit: Not Disclosed
Cash Flow: $425,000
Total Debt: Not Disclosed
FF&E: $175,000
Real Estate: Not Disclosed
Year Established: 1999
Employees: 9
BBN Listing #: 747950254
Broker Reference #: 28622

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Business Overview:

This well established Hot-Shot LTL Transportation company hauls refrigerated and frozen goods back and forth from large food distributors in the Southeastern and Mid-Atlantic United States. The company specializes in time-sensitive reefer loads in situations where failure to deliver a time-sensitive item within a specific window will cause significant and costly production delays. The company includes experienced drivers, a very profitable book of business, and ample room to grow. The business has a phenomenal driving record with no accidents. Listing at a 3X Multiple makes this an attractive opportunity, and is a complete business sale, not a carve out.

The business has operated successfully for over 20 years with consistent customer satisfaction. Business is 100% turn key, currently operating. Authority recently passed a full DOT audit. They don’t do contracts, which allows them to charge a better price as the service is required in an expeditious manner. The owner has a proven, simple system to recruit drivers quickly which are all 1099 employees.

There is substantial upside to this business with organic growth from the existing customer base and expansion. The current owner has built a fabulous foundation (largely through word-of-mouth), but this trucking company has no website, no social media, and minimal marketing & advertising, providing the opportunity to greatly expand the company through marketing and advertising. Owner currently dispatches the trucks and manages all day to day operations and will stay on for 30 days to ensure a smooth transition. The owner is willing to negotiate a longer stay to help assist and answer questions as they want to see the business grow, thrive, and succeed! With strong cash flow, year over year, this is a great opportunity for anyone looking to start or expand their experience in the transportation industry.

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Market Competition and Expansion:

NON-Compete: 200 miles for 5 years.

Reason for Selling:

Owner Retirement.

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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