30 yr old Trucking / Drayage / Warehousing Company

Los Angeles County, CA

Seller Financing Available
30 yr old Trucking / Drayage / Warehousing Company
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Asking Price: $1,750,000

Cash Flow: $354,000

Gross Revenue: $5,088,000

EBITDA: N/A

FF&E: $600,000

Inventory: N/A

Rent: $15,120 per Month

Established: 1990

30 yr old Trucking / Drayage / Warehousing Company

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Business Description

This 30 yr old transportation, drayage and warehousing Company is well-established with a diverse customer base and low customer concentration in revenue. The business has been steadily growing over the last 12 months and is currently on pace for a historic year (over $6m in gross revenue). The Company maintains a strong competitive advantage due to its Port to Sale capabilities.

With a strong office staff and team of drivers, the Company generates multiple streams of revenue from 3 overlapping divisions (i.e. trucking, drayage, and warehousing). Each division is supervised by its own manager. The owner works part-time and supervises the 3 managers.

GROSS REVENUE per Fiscal Year Tax Return:
• 2019 (10/1/19 to 9/30/20) = $5,088,059 (growth during the pandemic)
• 2018 (10/1/18 to 9/30/19) = $4,917,617
• 2017 (10/1/17 to 9/30/18) = $5,012,412
• 2016 (10/1/16 to 9/30/17) = $4,759,451

*Q1 for the 2020 fiscal year (10/1/20 - 12/31/20), the Company has generated $1,464,471 in gross revenue.

As part of the sale, the buyer will receive approximately $500,000 - $600,000 in tractors, trailers, chassis, and forklifts and other minor equipment.

Seller says this business can be scaled up by linking it to other terminals across the region and country. **No SBA loans please.

Detailed Information

Location:
Los Angeles County, CA
Real Estate:
Leased
Building SF:
14,400
Lease Expiration:
3/1/2025
Employees:
29
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Newly secured 5-year lease with one 5-year option. Centrally located in Los Angeles County with easy access to major port and highways (ie. 710, 5, 10 105, and 605).
Growth & Expansion:
The Seller currently does very little advertising and marketing, and therefore believes there are opportunities for growth within each line of service offered by the Company. Expanding the service area, increasing the internet footprint and dedicating staff to new customers, are just a few examples that can take this business to new heights.
Support & Training:
The Seller will provide 4 weeks of training at 25 hours per week after the close of escrow.
Reason for Selling:
Seller's health and plans for relocation.
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John J Moser

Business Listed By:
John J Moser

Sunbelt Business Brokers of Los Angeles/Whittier/Fullerton

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in The California Association of Business Brokers (CABB).

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Ad#:1653879

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