Phenomenal Trucking Opportunity – Multimillion discount due to off yr.
| Asking Price: | $3,600,000 |
| Gross Revenue: | $10,977,319 |
| Established Year: | 2010 |
| Cash Flow: | $1,848,690 |
| EBITDA: | $1,371,199 |
Exceptional Growth Opportunity in Illinois Trucking!
Dynamic, growing trucking company in the Chicago metro with substantial upside potential. Ideal for an established trucking firm or an individual with strong business management or turnaround expertise.
In 2022, the company recorded cash flow of just under $2M from approximately $11M in sales. Drawing from data of 64 trucking companies sold that year, the average cash flow multiple stood at 2.97X. This would typically place our business's enterprise value roughly at just under $6M.
However, for a number of reasons, sales and results are off in 2023. Coupled with a pressing family obligation prompting a personal relocation, the Seller seeks to expedite the sale.
Simply put, the Seller's urgency and bad fortune in timing is a potential massive advantage for the Buyer.
To accelerate the sale, the Seller is offering this venture at a notably below-market price, forgoing approximately $2M primarily due to timing constraints and the lower performance in 2023.
The sale package includes $3M in direct assets in modern trucks and trailers (28/10) procured during the post-Covid demand surges in the trucking sector. Additionally, $600K is included to compensate the owner for the vast intangible assets accompanying this $11+M revenue-potential business.
With a comprehensive management team and robust systems / dedicated support for its 36 drivers, the company stands resilient. The persistent driver shortage in the trucking industry, projected to last another decade, underscores the extremely high value of tapping into this established team.
The combination of trucks, trailers, an experienced team, and robust infrastructure – spanning marketing, driver recruitment, safety, and dispatch – positions a new owner perfectly to capitalize on the established foundation.
This is an optimal opportunity for any trucking company aiming to penetrate the Illinois market.
**IMPORTANT**: The sale price has already been adjusted to reflect the sub-standard performance in 2023. Potential buyers may need a down payment exceeding the standard 10% due to the significant assets (used trucks/trailers) involved. Given the 2023 performance dip, a financially robust buyer is recommended. These factors set up an extremely favorable return on investment opportunity for the right buyer.
