30 yr old Trucking / Drayage / Warehousing Company
Los Angeles County, CA
This 30 yr old essential transportation and warehousing business is on pace to generate more than $5.5m in gross revenue in its current fiscal year. That would be more than a 10% increase in YOY. With the addition of a dedicated sales team and some technology, the Seller believes this business can double in growth.
The buyer will benefit from a turnkey business that generates multiple streams of revenue from 3 overlapping divisions (i.e. trucking, drayage, and warehousing). The Company focuses on the transportation of general freight across the 11 Western States and offers Port to Sale service.
Despite a low customer concentration, the business has shown it can consistently earn high revenues.
GROSS REVENUE per Fiscal Year Tax Return:
• 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
• 2015 (10/1/15 to 9/30/16) = $6,052,629
*Through 8 months of the 2019 fiscal year (10/1/19 - 5/31/20), the Company has generated $3,718,000 in gross revenue.
As part of the sale, the buyer will receive approximately $600,000 - $700,000 (based on actual cash value) in tractors, trailers, chassis, and forklifts. This equipment is in fair condition.
The Seller only works part-time hours due to an experienced office staff that handles the day to day operations. The Company has 3 manager level employees that oversee each of the 3 divisions (trucking, drayage, warehousing).
This is a scalable business that is ready for the right buyer to take it to the next level! **No SBA please.