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Asset Based Trucking Company, Established and Growing

Maple Shade, NJ (Burlington County) (Relocatable)

Asset Based Trucking Company, Established and Growing
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Asking Price: $3,900,000

Cash Flow: $1,000,000

Gross Revenue: $7,700,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2012

Asset Based Trucking Company, Established and Growing

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Business Description

Great Cash Flow and Loyal Customers

Growing Reefer trucking company based in New Jersey.

The company has 21 owned tractor units, 6 owner operator tractor units, 24 owned reefer trailers, 2 owned dry van trailers, 4 owner operator reefer trailers. The company employs 40 individuals (37 drivers, 5 office/dispatch staff). The drivers are independent contractors.

The company has experienced exceptional growth over the past several years, with revenues growing over 70% from 2016 to 2017 and over 15% from 2017 to 2018. 2019 YTD suggests growth exceeding 2018 level. The addition of two significant new customers in 2019 will drive revenues well past this current trend.
The company has just passed a DOT audit in August 2019.
The company is 48 state authorized for interstate transport.
Load mix is following:
• 30% produce increasing to approximately 40% in season.
• 25% meat loads from MidWest to East Coast (dedicated runs).
• 25% east coast round-trip operation from direct producers/shippers (same week pay).
• 20% general freight.
Well established relations with major produce moving brokers and shippers.
Company has a great record with major transportation banks.
Sellers own other businesses as well as having interests in other industries, and wish to concentrate more on them. They would like to sell the company to someone who can take it to the next level. There is substantial upside to this business with organic growth from the existing customer base and expansion. Existing customers/shippers have much more loads to be hauled and they are willing to give that work to the company.

The asking price is $3,500,000 plus the assumption or refinancing of the tractor and trailer debt of approximately $1,500,000. Interested parties must sign an opportunity specific Non-Disclosure Agreement.

Detailed Information

Location:
Maple Shade, NJ
Inventory:
Included in asking price
Employees:
40
Facilities:
Renewable Lease (Office and Parking)
Competition:
Strong market with current customers and shippers.
Growth & Expansion:
There is substantial upside to this business with organic growth from the existing customer base and expansion.
Support & Training:
Willing to stay until the new owner is up to date.
Reason for Selling:
Other Interests
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Business Listed By:
Not Disclosed

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