Trucking-expedited and dedicated freight

File# C2502
Location: Home Based
Business Price: $450,000
Down Payment: Cash (subject to financing)
Monthly Payment:NA
Interest Rate: NA
Amortization Period:NA
Gross Sales: $950,209
Source: 2018 Tax Return
Cash Flow: $202,244
Source: 2018 Tax Return
Inventory: NA
Days Open: Office Monday-Friday
Business Hours: Office 9am-5pm
Seats: NA
Parking:
Licences Required:Motor Carrier Number #675525, US DOT #186422
Year Established:2010
Year Acquired: 2010

Profile:

This is a 24/7, just-in-time expedited delivery, dedicated freight and open board trucking business. The company has Tier 1 status with the automotive industry which represents a considerable amount of sales. While the primary area served is the mid-western United States, they offer nationwide hauling as well. They have a 98% on time delivery rating for shippers and receivers. The business was started in 2010 by the current owners, a husband and wife team and has been home based for the entire period. All drivers are paid as independent contractors who use their own truck and trailers and are paid by the delivery. Seller has an older, 1998 Volvo tractor and three trailers (2011, 2012 and 20115 Wabash) that are rarely used but are included in the sale. 2018 Seller’s discretionary cash-flow (SDC) was just over $200,000. While the accounts receivable may take 60-90 days to be paid, Seller chooses to factor its receivables at a 1-2% discount and be paid immediately. Sales and cash-flows have been consistent over the years. Seller will train and will not compete anywhere in the United States.

 

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This information has been supplied to Broker, Capital Business Brokerage, Inc. by Seller or obtained from other sources. Broker has not and will not verify the accuracy of this information. It is recommended that Purchaser independently verify the accuracy of this information with Purchaser's counsel.