Niche Courier and Delivery Transport Business

Fort Wayne, IN
listing image
Asking Price:$499,000
Gross Revenue:$765,000
Established Year:1986
Cash Flow:$95,000
FF&E:$200,000
BUSINESS DESCRIPTION

This niche transportation business provides a variety of specialty cartage &
courier services for a variety of industries. The company has a reliable fleet of
well-maintained delivery vehicles geared for its multi-industry customer base.
Subject business has an established longtime (high profit margin) contract
with the Federal Government. With a number of reliable employees, the
company had been reliably consistent and growing for many years except
during the ownership transition to a passive investor in 2019 and throughout
the subsequent COVID effect. Because the current owner has multiple
business interests, he does not oversee business operations, but instead
relies on driver employees to operate the business on his behalf. The optimal
buyer for this business is a company that could merge it into its own
established courier and cartage operations. It would be an exceptional add-on acquisition for such a company. The achievable “economies of scale” for
this type of Buyer could be substantial and with immediate positive impact to
the bottom line of the combined businesses. Subject business serves courier
and cartage needs in Fort Wayne, NE Indiana and nearby parts of Southern
Michigan.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Home based business.
Competition
This company has had a government contract in place for over 20 years mitigating competitive threats for this part of its business. With the exceptions of COVID related loss of some accounts, this business has maintained its core customer base with constant reliable service.
Growth & Expansion
The business can grow with hands-on ownership and attention to sales and marketing. Good private sector customers who were temporarily lost as a result of the pandemic are gradually returning as COVID’s impact on the economy diminishes.
Financing
Negotiable
Support & Training
Negotiable
Reason for Selling
Ownership wishes to divest and invest more in to its core businesses.
Home-Based
This business is Home-Based
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Dan Replogle, CBI, CBC, CCIM, M&AMI
Midwest Business Brokers Inc.
Dan Replogle, CBI, CBC, CCIM, M&AMI