Under Contract - Short & Long-Haul Trucking Com...

Riverside County, CA
Riverside County

Asking Price: Annual Revenue:
$395,000 $587,461

Services: Travel Related Services

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RE: Under Contract - Short & Long-Haul Trucking Com... Broker: D. Joe Atchison
License #: 01438544
Owner Financing is Available!

Quick Facts

Asking Price: $395,000
Annual Revenue: $587,461
Net Profit: Not Disclosed
Cash Flow: $130,645
Total Debt: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2021
Employees: 2
BBN Listing #: 585238372
Broker Reference #: RIVERCA001-N1085

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Business Overview:

A serious illness has put this quality company on the market at a well below market price just in time for the holiday shipping demand. This short and long-haul trucking company hauls dry goods and non-perishable commercial and consumer products. They have had 22 active customers and serve the industry’s top fortune 500 companies including Schneider, FedEx, XPO, Amazon and US Express. For simplicity they focus on one of the largest trucking companies where they have a 96% on time load delivery focused on the six western states of CA, AZ, UT, ID, WA & OR. That customer has told them that they will give them all the business that their company can handle. Their average run is $3,141 for an estimated monthly total of $31,000 per month. Their two newer Volvo sleeper trucks are CARB compliant, and fleet maintained to avoid down-time. The trucks have all the modern electronics including PeopleNET ELD, Orion GPS and Drivewyze. The PeopleNET Dispatching system allows the dispatcher to send routes directly to the driver’s onboard system or directly to his or her mobile device allowing for enhanced routing and minimal communications via the phone. After 16 months of forming the Company including obtaining their DOT Certification, Motor Carrier numbers, insurance, including an all-states workers compensation policy, the Company began operating in June of, 2021. Revenues ramped up fast due to their reliable service and the shortage of drivers during pandemic and now due to the AB-5 law that just passed in California and now in 2022, the owner became extremely ill, so the business needs to be sold. A relative is helping to operate the company but due to their own full time executive position with a large fast-growing company he does not have the time to grow the business. The Company has two very experienced CDL drivers, and four standby drivers, who are fully insured and FMCAS / Clearhouse approved. They are paid on a per trip basis, ranging from $250 to $300 per day and currently work five days week. The drivers are willing to go OTR, but the local rates have outweighed the OTR runs. The Company has not received any Out-of-Service Violations or been placed in OSS status. They comply to the CHP108 requirements to maintain their CA licensing in the State of California. They also report to SAFER on via Trimble/PeopleNet hourly utilizing their onboard in cab data logging. All trucks are inspected daily, and the fleet is maintained by TEC Equipment, a Certified Volvo dealer with Premium 2000 afterlife factory warranty and over the road OTR mobile mechanic program by Ritchie. This would be a great add-on to and existing trucking company or be a good buy for a trucker who wants their own company without all the time consuming and expensive start-up costs. Upside is carrying more freight with their existing high-end customers in place, the shortage of AB-5 truckers in California and the supply chain challenges that are allowing trucking companies to raise their price. All that is needed is capital to scale the business.

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Property Features and Assets:

Real Estate License ID: 01438544

Reason for Selling:

Health Reasons

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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