Provider of Express Freight & Delivery Services

South East

Seller Financing Available
Provider of Express Freight & Delivery Services
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $3,000,000

EBITDA: $323,000

FF&E: N/A

Inventory: N/A

Established: 1994

Provider of Express Freight & Delivery Services

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Business Description

Available for acquisition is a provider of freight and storage solutions for customers in the Southeast. The Company provides a variety of
services catered towards cartage of goods over short distances. The Company’s services include cartage (80% of 2017 revenue), storage
(8%), and order fulfillment (12%). Target customer markets include air freight forwarders (80% of 2017 revenue) and online order
fulfillment (20%). The Company currently has 290+ active accounts and approximately 95% of revenue is derived from repeat business.
The Company does not currently employ any dedicated personnel. Currently, it’s marketing and business development efforts include
continuous personal networking and leveraging the relationships of current and former clients and word of mouth. Founded in 1994, the
Company is organized as a S-Corporation operating from a leased 28,000 square foot office and warehouse facility from an unrelated
third party at an annual lease rate of $176,000. The employee bases consists of 23 full-time and 1 part-time employee. The Company
operates at a high level of precision due to its superior software, training, and staffing. These characteristics have set the Company apart
from its competitors and set it up for future growth.

Detailed Information

Employees:
24
Facilities:
The Company leases a 28,000 square foot office and warehouse facility from an unrelated third party.
Competition:
• Superior Name and Reputation: Management attributes its success to the strong brand recognition and dedication to service, which allows The Company to acquire new customers by word-of-mouth and recommendations through existing clients. • Strong Client Relationships: The Company has strong ties to clients due to its reputation for excellent customer service by recognizing customers’ specific needs. This is further evidenced by a 95% rate of repeat business and an average relationship length of 8 years with its top five customers.
Growth & Expansion:
• Strong Balance Sheet: As of December 31, 2017, the Company’s unadjusted current ratio was 10.3. A ratio above 1.0 is considered healthy, indicating a company’s ability to meet its short term liabilities. • Strong Net Working Capital: As of December 31, 2017, unadjusted current assets were approximately $393,000 and current liabilities were $38,000, representing a Net Working Capital (NWC) of $355,000. Strong NWC provides a pool of resources from which the Company can draw for continued growth and it is a strong buffer to maintain operations in the event of various risks.
Support & Training:
• Management Will Remain through Transition: The active shareholders are willing to remain through a transition period, and would entertain remaining with new management for a longer period of time on a consultancy basis. Additionally, all key employees will be available to remain with new ownership beyond the sale of the company.
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(from currently available funds)
 
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Barry DeWitt

Business Listed By:
Barry DeWitt

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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