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Trucking-expedited & dedicated freight-Price Reduced!

MI

Seller Financing Available
Trucking-expedited & dedicated freight-Price Reduced!
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Asking Price: $350,000

Cash Flow: $202,244

Gross Revenue: $950,209

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2010

Trucking-expedited & dedicated freight-Price Reduced!

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Business Description

Price reduced $100,000. This is a 24/7, just-in-time expedited delivery, dedicated freight and open board trucking business. The company has Tier 1 status with the automotive industry which represents a considerable amount of sales. While the primary area served is the mid-western United States, they offer nationwide hauling as well. They have a 98% on time delivery rating for shippers and receivers. The business was started in 2010 by the current owners, a husband and wife team and has been home based for the entire period. All drivers are paid as independent contractors who use their own truck and trailers and are paid by the delivery. 2018 Seller’s discretionary cash-flow (SDC) was just over $200,000. While the accounts receivable may take 60-90 days to be paid, Seller chooses to factor its receivables at a 1-2% discount and be paid immediately. Sales and cash-flows have been consistent over the years. Seller will train and will not compete anywhere in the United States. Included in the sale, although rarely used, are a 1998 Volvo tractor trucks and 3 Wabash trailers (years 2011, 2012 and 2015).

Detailed Information

Employees:
7 drivers
Facilities:
Home Based
Financing:
Seller financing available with $100,000 down
Reason for Selling:
moving out of state
Home-Based:
This business is Home-Based
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(from currently available funds)
 
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Greg Edgecomb

Business Listed By:
Gregory Edgecomb

Capital Business Brokerage

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