Intermodal Trucking Company Excellent Growth

Not Disclosed, OR
Multnomah County


Asking Price: Annual Revenue:
$3,932,085 $3,532,359

Services: Transportation - Trucking, Rail, Transit


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RE: Intermodal Trucking Company Excellent Growth Broker: Daren Bucklin
Owner Financing is Available!
$900,000.00

Quick Facts

Asking Price: $3,932,085
Annual Revenue: $3,532,359
Net Profit: Not Disclosed
Cash Flow: $873,797
Total Debt: Not Disclosed
FF&E: $1,764,000
Real Estate: Not Disclosed
Year Established: 1989
Employees: 24
BBN Listing #: 356652348
Broker Reference #: 59071-188899

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Business Overview:

Profitable well established OR based trucking company in business for over 30 years providing intermodal, refrigerated, and non-refrigerated freight hauling services primarily of food products from railroad to customer. The business has long established customer base and is currently operating at maximum capacity with strong growth potential. Experienced drivers with excellent safety records who are primarily all employees along with a few independent contractors who are used on an as needed basis. Sale includes 12 well maintained trucks, 17 chassis, 3 trailers, yard trucks and gliders. All truck maintenance is performed in house by 3 full-time mechanics. Shop consists of 4 bays adequate for the size of fleet currently in operation. Business is in an excellent location close to primary customer base on a 3.6-acre lot that includes office, shop, and adequate parking. Experienced logistics and support staff have longevity and excellent relationships with customers. Sellers will consider seller financing for a portion of the sale with terms to be negotiated based on their risk assessment of the buyer and overall structure of the sale. If desired, one of the current owners is willing to be employed by the buyer for an extended period post sale and is flexible to discuss and consider options to help buyer ensure a smooth transition and to further grow the business. The owners also own the real estate and are open to either sell the real estate along with the business or if the buyer wants to relocate the business the owners will sell the real estate separately. They are also open to a enter a long-term lease with the buyers. Sellers are very flexible to consider and negotiate a variety of deal terms on this sale and seeking a mutual fit with buyer.

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Property Features and Assets:

Business started in 1989 in a different location and because of their growth relocated to their current location in 1998. Originally, they started as an import/export carrier, and this was their primary business until the Port of Portland closed. They then pivoted their business model to focus primarily on intermodal which is now approximately 90% of their business with a small amount of import/export. The owners are now selling to retire and are open to negotiate terms to provide post sale assistance based on buyers needs and preferences and open to a post-sale employment agreement.

Market Competition and Expansion:

This trucking company has been built on their commitment to customer service and dedication to create systems that provide flexibility in operations that allow them to meet customer demands. This has allowed them to build and retain current customers since 2006. In addition, they have created a culture with loyal long-term employees, including a very experienced logistics team. This opportunity comes with excellent growth potential as solid customer relationships exist and they are routinely turning down additional business. In addition, as the Port of Portland re-opens in the future this will create an enormous growth opportunity. There is also an opportunity to continue to expand service to additional rail customers requiring refrigerated products and further diversify hauling of non-refrigerated products as well as expanding geographic areas served. From an industry perspective growth in per capita disposable income and consumer confidence are expected to cause consumer spending to rise. As industrial and retail activity also expand, demand for trucking services will follow. As the economy recovers from COVID-19 and oil prices recover from all-time lows in 2020, growth is likely to be accelerated in 2021 and 2022. Altogether, industry revenue is projected to increase at an annualized rate of 2.3% over the five years to 2026 (IBIS World 2021).

Reason for Selling:

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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