Interstate Trucking Company

File# C2536
Location: Washtenaw County
Business Price: $365,000
Down Payment: $175,000
Monthly Payment:$3,673.23
Interest Rate: 6%
Amortization Period:60 months
Gross Sales: $2,480,689
Source: P&L Jan19-Oct19
Cash Flow: $121,667
Source: P&L Jan19-Oct19
Inventory: N/A
Days Open: 24/7
Business Hours: 24/7
Seats: NA
Parking: NA
Licences Required:DOT Authority
Year Established:2005
Year Acquired: 2005
Monthly Rent:$1,250 gross

Profile:

Founded in 2005, this Company offers dedicated truckload, expedited transportation, white glove service and special handling cargo services for primarily automotive, pharmaceutical, and manufacturing industries. The Company operates by utilizing a fleet of 25 owner-operators based strategically across the country. The equipment breakdown for the owner-operators is 17 Sprinter Vans and 8 Straight Trucks. To prepare for the sale, this year, the owner streamlined the business substantially by cutting costs and eliminating the freight brokerage and diesel repair division because they were not profitable. This streamlining has lowered down the revenues but has increased cash flow to the owner. Included in the price of the business are: truck parts, diesel repair equipment, dispatch workstation computers, network equipment and file servers. There is a significant growth opportunity for a buyer to acquire this company with no debts and lowered overhead costs to further maximize cash flow.

The Company gets most of the jobs directly from major brokerages like XPO, Active On-Demand, Expeditors, Penske, Rider, etc. They have excellent relationships and reputation with these brokerages, and in the past, they have worked directly with Active On-Demand as a carrier for their pilot program. The Company benefits from well-established and trusted relationships based on a solid foundation of competitive pricing and high-level service. Additionally, the Company’s dedication to treating its drivers right has resulted in a low turnover rate.

Longer-term involvement from the sellers is possible depending on the circumstances and mutual desires of the buyer and seller. While the owner has successfully navigated the transportation industry since 2005, he has reluctantly decided to put the company on the market due to health issues. This is an excellent opportunity for an individual or another trucking company to acquire a well-established company with an excellent reputation. Because of the sensitive nature of the business Proof of Funds & NDA is required before the release of any sensitive information regarding this company.

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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.