Established Trucking Company with Long-Term Clients

Florida
listing image
Sale Pending
Asking Price:$800,000
Gross Revenue:$4,392,876
Cash Flow:$307,925
BUSINESS DESCRIPTION

This trucking business with operations primarily focusing on the state of Florida, was founded more than 20 years ago in Sarasota with one truck and a single trailer. To date, the company has grown substantially and currently has a fleet of 6 trucks and over 100 trailers.

In the trailing twelve months to August 2023 the company generated revenue of over $4.3M with a Sellers Discretionary Earnings (SDE) upward of $307K. The business has proven to be recession/pandemic-proof as witnessed by its consistent revenue over the last four years. Its local expertise and flawless operations in the area have resulted in an on-time rating of 98-99%.

There are 2 very long-term clients with low collection periods and numerous other clients that ensure the company’s steady sales year-on-year.

Team: The business is run by the President and Vice President (co-owners) who are supported by 4 full-time drivers, 2 full-time office staff, and 3 part-time other staff.

Transition and Support: The owners are open to negotiating transition support post-sale.

Growth and Expansion: Every major industry relies heavily on the trucking industry to maintain its supply chain. The trucking sector is expected to see consistent and steady growth, with an estimated growth rate of 6% from 2020 to 2030.


DETAILED INFORMATION
Location
Florida
Inventory
Not Included in asking price
Reason for Selling
Retirement
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Ashish Bhatt
Synergy Business Brokers
Ashish Bhatt