Business Overview:
Looking for a great business opportunity to "drive" you into the future of high earnings? Well, this petroleum and chemical transportation company could be the perfect fit for you. With multiple locations, an extensive fleet, and loyal clientele in a niche market, the possibilities for growth are endless. Make the choice today to drive yourself to success with this well-established trucking company.
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Property Features and Assets:
The building & equipment are in good condition. Business does not include real estate.
Market Competition and Expansion:
The trucking industry is in much better standing moving now compared to its standing in 2013. Some key trends that began in 2014, like better truckload pricing power for carriers, improved contract rates and a continued increase in tonnage, have carried in to 2015 and are expected to continue into 2016. With the power of setting price in the hands of carriers, predictions of 4-9 percent increase are on the table by the end of 2016. The trucking industry generally moves in line with the overall economy and is a good measure of economic health. As the economy improves and demand for freight traffic increases, industry revenue and profit are expected to rise.
The US Freight Transportation Forecast that was compiled by the American Trucking Association (ATA) predicted major growth in the Trucking Industry by 2022. The forecast suggested that overall revenue for the industry will rise nearly 66 percent and tonnage will increase 24 percent by 2022. This forecast can be used as a guideline for supply chains to develop logistics strategies for the future.
Reason for Selling:
Owner is retiring.
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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