Port Logistics & Short Haul w/Double Digit Growth

Los Angeles, CA
Los Angeles County


Asking Price: Annual Revenue:
$7,200,000 $22,048,124

Services: Non-classifiable


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RE: Port Logistics & Short Haul w/Double Digit Growth Broker: Cortney Sells
Owner Financing is Available!
10% Seller Financing $720,000 10% Equity Roll $720,000 80% Buyer and Lending $5,760,000

Quick Facts

Asking Price: $7,200,000
Annual Revenue: $22,048,124
Net Profit: Not Disclosed
Cash Flow: $1,970,652
Total Debt: Not Disclosed
FF&E: $3,030,000
Real Estate: Not Disclosed
Year Established: 2012
Employees: 50
BBN Listing #: 910334398
Broker Reference #: DIS014-B

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Business Overview:

Revenue has doubled between 2021-2022 and has grown 4x over the last four years (2019-2022) at this port logistics and short haul company! By definition, Port Drayage is the transport of freight from an ocean port to a destination, also described as transporting goods over short distances (aka the first mile). This makes up 96% of their revenue, while the other 4% is intermodal, which is rail, when they use 53 ft. trailers for local pickup and delivery. This business boasts 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. 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! Upon closing, a buyer would also receive over $6.5M in assets, including $3.5M in working capital, making this deal over 90% collateralized.

Priced at $7,200,000 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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Market Competition and Expansion:

Assets Included in Purchase: $6,683,321 51 Tractor/Trucks: $3,030,000 including 12 Volvo Tractors, 19 Cascadia Tractors, 19 International Tractors, 1 Van Working Capital: $3,653,321 = AR: $4,300,308 – AP: $646,987 **Low CapEx due to California ARB grant money! *amounts may vary, assets may be depreciated, replacement cost, or fair market value.

Reason for Selling:

Strategic Buyer who can handle the growth.

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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