Non-Asset Based Refrigerated Transportation Company

Mid West

Non-Asset Based Refrigerated Transportation Company
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Asking Price: Get Financing: N/A

Cash Flow: N/A

Gross Revenue: $19,000,000

EBITDA: $513,000


Inventory: N/A

Established: 1996

Non-Asset Based Refrigerated Transportation Company

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Business Description

The Company is a freight brokerage business and an asset-based carrier fleet providing transportation services primarily to food service companies and grocery chains. The Company handles all types of freight to meet each customer’s distinctive needs. Typical customers include food service companies (45% of 2015 sales), grocery chains (27%), produce wholesalers (16%), and food manufacturers (12%). The Company maintains a portfolio of approximately 131 active accounts. With an experienced staff that carries nearly 150 years of combined experience, the Company makes its services available 24 hours a day all year round.

• Strong Client Relationships: The Company has strong ties to clients due to its reputation for excellent customer service by recognizing customers’ specific needs on each contract. This is further evidenced by a 95% rate of repeat business.
• Diversified Customer Base: In 2015, no single customer accounted for more than 11% of revenue. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of any individual account.
• Outstanding Growth Opportunities: Several opportunities exist to significantly increase revenue and profit, including leveraging the Company’s proven reputation and capabilities to penetrate new geographical markets, developing and executing a sale and marketing program, and expanding the service offering.

Detailed Information

Company operates out of 5,000 square foot building comprised of both office and warehouse space. The headquarters facility is leased from an unrelated third. In 2015, rent expense totaled approximately $56,000, which is considered to be fair market.
Support & Training:
To be discussed
Reason for Selling:
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Novant Capital Group

Business Listed By:
Novant Capital Group

Novant Capital Group

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