NOT DISCLOSED, California
| Asking Price |
$11,000,000 |
Year Established |
|
|
| Annual Revenue |
$23,305,000 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Mahdad Manavi |
|
| Annual Cash Flow |
$2,154,000 |
Listing Number |
937243 |
|
| # of Employees |
|
Business Category |
Services: Transportation - Trucking, Rail, Transit |
|
Business Overview:
This well-established freight company provides drayage service from the ports of Los Angeles and Long Beach to warehouses in Southern California. The company was established over 37 years ago and has over 130 customers in diverse industries.
The company uses a hybrid brokerage business model in offering lease-to-own trucks to the carriers/contractors. The company works with 105 drivers and has 43 leased-to-own trucks.
The company has about 26 full-time and one part-time employee.
The company leases multiple locations for storage.
Revenue:
2019: ~ $26.1 million
2020: ~ $24.2 million
2021: ~ $33.8 million
2022: ~ $36.1 million
2023: ~ $23.9 million
2024: ~ $25.8 million
Adjusted EBITDA:
2019: ~ $3.9 million
2020: ~ $3.5 million
2021: ~ $5.9 million
2022: ~ $5.9 million
2023: ~ $2.8 million
2024: ~ $3.2 million
Seller Discretionary Earnings (SDE):
2019: ~ $4.1 million
2020: ~ $3.8 million
2021: ~ $6.2 million
2022: ~ $6.2 million
2023: ~ $3.0 million
2024: ~ $3.4 million
Please send your inquiries to mmanavi@tworld.com, indicating your interest.
We are collecting backup LOIs.
Property Features and Assets:
Market Competition and Expansion:
<p>Expansion: Very large<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity