Climate Controlled Food Logistics

Not Disclosed, WI

Entire US, more specific South & West of Mis River

Asking Price: Annual Revenue:
$2,525,000 $8,213,860

Services: Transportation - Trucking, Rail, Transit

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RE: Climate Controlled Food Logistics Broker: Jared Olson
Owner Financing is Available!
12.5% Buyer Down Payment $315,625 12.5% Seller Financing $315,625 75% Bank Loan $1,893,750

Quick Facts

Asking Price: $2,525,000
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, sold to current owner in 2014
Employees: 28
BBN Listing #: 845034398
Broker Reference #: DIS012-B

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Business Overview:

Since 1989, this business has provided high-quality climate-controlled logistics solutions. Along with their excellent and long-standing reputation, the purchase of this business comes with over $1.2M in assets. 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. 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. 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. Their client base is primarily food production companies that need product distributed to stores. 85% of their customers are repeat business.
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 $2,525,000 a down payment of $315,625 returns $334,858 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:

Lease: $20,000; Square Feet total: 18,800 warehouse space, and 1,200 office space. $14,000/month.

Market Competition and Expansion:

Growth Opportunities: Hiring drivers, building current partnerships, increasing facilities to create flexibility with load transferring.

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.

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