Transportation for Refrigerated Food Distribution

Milwaukee, WI
Milwaukee County


Asking Price: Annual Revenue:
$2,450,000 $8,213,860

Services: Transportation - Trucking, Rail, Transit


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RE: Transportation for Refrigerated Food Distribution Broker: Jared Olson
Owner Financing is Available!
12.5% Buyer Down Payment $306,250 12.5% Seller Financing $306,250 75% Bank Loan $1,837,500

Quick Facts

Asking Price: $2,450,000
Annual Revenue: $8,213,860
Net Profit: Not Disclosed
Cash Flow: $704,107
Total Debt: Not Disclosed
FF&E: $694,677
Real Estate: Not Disclosed
Year Established: 1989
Employees: 28
BBN Listing #: 893834398
Broker Reference #: DIS012-C

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Business Overview:

Since 1989, this business has provided high-quality climate-controlled logistics solutions to their diverse client base made up of 85% repeat customers. This client base is primarily made up of food production companies that need product distributed to stores across the United States, primarily in the South and West of the Mississippi. In the business’s 30+ years of service, they have built up an excellent reputation and extremely experienced staff. This skilled team consists of 28 total employees including 3 team leads, 13 long haul drivers, 4 local drivers, 6 warehouse workers, and 2 dispatchers which allows them to self-perform all driving, they do not use any outside contractors. Along with their excellent staff and reputation, this business comes with $1.2M in assets to continue their current ongoing revenue and service growth. The business has a 20,000 square feet location in Milwaukee WI, 18,800 of which is warehouse space and 1,200 is office space. These transportation services are focused in climate-controlled food deliveries with shipments ranging from 100-20,000lbs, they also offer warehousing, but distribution makes up 90% of their annual revenue.

Both of the current owners are active in the business and a replacement or retainment salary has been accounted for in our cash flow analysis and financial information. One owner handles financials, sales, and pricing and the other handles overseeing the leasing, purchasing, and maintenance of equipment. One person could do both roles with the addition of an outside book keeper, however, to ensure a smooth transition, the seller has agreed to stay up to 3 years. Growth opportunities that new owners could pursue moving forward include building on current partnerships: increasing the amount of storage being utilized by these clients or transitioning clients from one side of business to taking advantage of both the warehousing and transportation services offered.

Priced at $2,450,000 a down payment of $306,250 returns $345,825 in the first year after debt payments. The owners have offered 12.5% seller financing with purchase, we believe this shows good faith in the future of the business. This business is ready for new ownership to take over and continue the pattern of growth that has been enjoyed in recent years.

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Property Features and Assets:

Vehicles and Equipment: $694,677 (tractors, forklifts, trucks) Working Capital: AR (607,150) – AP (58,325) = $548,825 Intangible Assets: Extremely diverse client base, excellent reputation, and 85% of revenue is from repeat customers.

Reason for Selling:

Shifting focuses to other non-competing businesses.

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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