Seller's Contact Information
- RE: Logistics Operation Focus On Short Haul From Port
- Contact: Jared Olson
Quick Facts
| Asking Price: | $9,750,000 | |
| Annual Revenue: | $16,700,758 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $4,072,115 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 3,030,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2012 | |
| Employees: | 50 | |
| BBN Listing #: | 128334398 | |
| Broker Reference #: | DIS014-C |
Business Overview:
By definition, Port Drayage is the transport of freight from an ocean port to a warehouse, also described as transporting goods over short distances (aka the first mile). This makes up 96% of their revenue. They boast an incredible 85% repeat client base, which is made up primarily of manufacturers. The majority of products being handled are housewares and household cleaning products. Their team is made up of 50 employees, including 1 Operations Manager, 1 Sales Director, 1 Fleet Manager, 1 HR & Recruiting, 3 Accounting, 1 Leasing Manager, 2 Dispatchers, 2 Customer Service Reps, 30 Drivers, and Mechanics. The owner is part time and has very little client interaction and handles general oversight of the team. The goal is to find a strategic buyer who can handle the impressive growth the company is seeing. This business has a very low CapEx due to the California ARB grant money!
To ensure a successful transition, the owner is willing to stay on board for 3-5 years post-close. As a show of good faith and vested interest in the business, the owner is also open to both 10% seller financing and a 10% equity roll! Priced at $9,750,000 this business has a well-established team and chain of command for a new owner to easily step into. This acquisition opportunity also comes with enough stability and a long enough transition period for new ownership to implement different growth opportunities like an active marketing schedule or focused outside sales tactics to expand the current client base via referrals or cold contacts for even further growth.
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Property Features and Assets:
51 Tractor/Trucks: $3,030,000 including 12 Volvo Tractors, 19 Cascadia Tractors, 19 International Tractors, 1 Van
Reason for Selling:
Strategic Growth.
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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