Marine Support Services Company with Trucking/Warehousing

Towson, MD

Seller Financing Available

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Asking Price:$1,200,000
Gross Revenue:$550,000
Cash Flow:$513,000
BUSINESS DESCRIPTION

This company is located in a busy port in the Eastern US. Offering support services to a variety of vessels, the company works directly with ship owners and agents providing a full range of products and services during vessel operations. From ship spares, cash to master deliveries, laundry service and foreign garbage removal.
Centrally located with access to rail, interstate and a major airport they act as a hub for incoming and outgoing ship spares. Whether for onboard urgent repairs, arranging spares in transit from multiple origins or landing spares to be sent out for repair. They continuously track shipments and vessel arrival/departure keeping the vessels, agents and ship owners up to date to ensure a timely delivery to the vessel.
Their equipment includes: two forklifts, a stake body truck, cube truck, two cargo vans and two SUV's. and they have the ability of palletizing, banding and crating on site.
Their credentials include drivers that are DOT Compliant and HazMat Certified, they also possess a bonded Cartman’s License, are a registered Federal Motor Carrier and are bonded and insured.
NAICS Code: 488320
Delivery of Deck & Engine Supplies Chart Deliveries/Courier Service
Logistics Services Freight Forwarding FedEx & UPS pick ups
3,000 sq. ft. Warehouse & Storage Space Import/Export
Bonded P/U & Delivery Palletizing & Crating


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Competition
This is a specialized business with multiple services built around trucking, logistics and warehousing so there is limited competition. The business has a long standing in the port with an excellent reputation and goodwill.
Growth & Expansion
Excellent groth potential.
Financing
All financial records and taxes are current.
Support & Training
Owner will stay on to ensure a smooth transition for the new owner.
Reason for Selling
Retirement
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Susan
Wiley
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Susan Wiley