Business For Sale

Logistics & Trucking Business with 2.1M in Assets

Not Disclosed, NE
Cuming County


Asking Price: Annual Revenue:
$3,400,000 $3,506,457

Services: Transportation - Trucking, Rail, Transit


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RE: Logistics & Trucking Business with 2.1M in Assets Broker: Cortney Sells
Owner Financing is Available!
65% of purchase price on a 15-year term.

Quick Facts

Asking Price: $3,400,000
Annual Revenue: $3,506,457
Net Profit: Not Disclosed
Cash Flow: $320,572
Total Debt: Not Disclosed
FF&E: $2,154,300
Real Estate: Not Disclosed
Year Established: 2001
Employees: 37
BBN Listing #: 214434398
Broker Reference #: AUT011

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Business Overview:

With 35 employed drivers along with 20 other subcontracted drivers this hauling business is ready for its next load; boasting over $2 Million in Assets which includes brands such as Wilson, Merritt, International, Navistar, Arcos, Brenner, Timpte, and Transcraft are all included in the Purchase Price. With diversified sales of $2,746,837 in 2016 there are services of cattle, gluten, packing plants, grain, and wrecker services. Livestock and grain hauling is the main focus of this business however they are providing a range of services to allow diversification.

Servicing a concentration of Iowa and Nebraska they are also hauling coast to coast to 48 states. Truck transportation comprises almost 70% of all goods transporting in the United States. Currently operating out of the middle of the Heartland, this trucking company owns trailers of every size, from tandems to triples and seven axle combinations. Twelve live bottom trailers run 7 days a week, transporting grain, gluten and rock. Income derived from 33% cattle hauling and 67% feed transport.

Financial Overview
List Price: $3,400,000
Gross Sales
2016: $3,506,457
Sales Breakdown (2016)
Cattle Loads: 18.5%
Packing Plants: 17.7%
Grain Hauling: 1.4%
Wrecker Service: 5.4%
Gluten Loads: 46.3%
Misc.: 10.7%
Owner Profit/Cash Flow
2016: $320,572
This business has been valued by a third-party appraiser at $4,600,000

Business Information
Year Established: 2001
Current Owner’s Responsibilities: Scheduling and logistics --- Owner does not drive
Location: Northeast Nebraska (45 miles outside of Omaha)
Service Area: Nebraska & Iowa concentration but hauls to 48 states coast to coast
Clients: feedlots, markets, auctions, packing plants; processing 50 to 75 invoices per month (40% cattle hauling & 60% feed transport)
Reason for Selling: Retirement planning
Employees: 2 office staff completing A/R, A/P, and scheduling; 30-40 W2 drivers; and 20 1099 drivers
Seller Training Period: With train and transition for 42 weeks/year for 3 years (if desired by the buyer)
Growth Opportunities: Enough equipment in place to support additional sales without needing to purchase more tractors or trailers (5 more trucks)

Assets Included in Purchase: $2,222,400
Assets: Fair Market Value: $2,154,300
Insured Value: $2,739,000
26 tractor trailers, 17 livestock trailers, 4 trucks, 6 tankers, 1 boom truck, 9 gluten trailers, 2 flatbed trailers, 3 grain hopper trailers, wrecker equipment, furniture & fixtures, shop equipment, and truck wash
Full Working Inventory: $68,100

*amounts may vary

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Property Features and Assets:

Assets: Fair Market Value: $2,154,300 Insured Value: $2,739,000 26 tractor trailers, 17 livestock trailers, 4 trucks, 6 tankers, 1 boom truck, 9 gluten trailers, 2 flatbed trailers, 3 grain hopper trailers, wrecker equipment, furniture & fixtures, shop equipment, and truck wash Full Working Inventory: $68,100

Market Competition and Expansion:

Enough equipment in place to support additional sales without needing to purchase more tractors or trailers (5 more trucks).

Reason for Selling:

Retirement planning.

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.

Documents:

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