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  • RE:  Fast Growing Utah Truck Services Business
  • Contact:  Dean Wiltse
Owner Financing is Available!
The owner is willing to consider some financing based on a qualified buyer. The trucks are valued at $1M and cash flow from the business is strong. Bank financing and SBA financing are available for this business.

Quick Facts

Asking Price: $1,750,000
Annual Revenue: $3,644,025
Net Profit: Not Disclosed
Cash Flow: $397,000
Total Debt: Not Disclosed
FF&E: $1,000,000
Real Estate: Not Disclosed
Year Established: 2016
Employees: 4
BBN Listing #: SB-53845
Broker Reference #: DRAPERUT001-53845

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Business Overview:

Utah trucking service company provides truck services to contractors and homeowners in Salt Lake and Utah Counties (and surrounding areas). Established in 2016. 2023 SDE of $397,188 is calculated as follows: $216,862 net income+$130,326 debt payments +$50,000 maintenance - 4X MultipleRevenue for 2023 was = $3,644,025 = .44 multiple of revenueGross Profit $966,277 = 1.65 MultipleYou must have at least $500,000 to invest. The business is currently paying $13,786 per month debt service. This means in today’s market $1,000,000 debt @ 11% interest is approximately $13,750 per month, the same debt the business is paying now. The owner will carry $160,000, if you put down $500,000, your net income for 2024 should be similar or better than 2023 net income of $266,862. That is $216,862 net income+$50,000 extraordinary maintenance.

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Market Competition and Expansion:

The city has a strong economy and is one of a handful of places that is positioning itself to capture tech companies looking to escape the rising costs in Silicon Valley. Unlike cities further east like Nashville or Houston, Salt Lake City is sandwiched between the eponymous Great Salt Lake on one side and the Wasatch Mountains on the other. People move here in droves and the residential market makes up more than half of all construction. We expect this to continue.

Reason for Selling:

Manager Passed Away Recently

Additional Details:

  • The property is Leased.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity

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