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Solid Trucking Firm - Opportunity 4 New Owner

Vermont

Seller Financing Available

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Asking Price:$3,500,000
Gross Revenue:$8,100,000
Established Year:1985
Cash Flow:$751,000
FF&E:$1,900,000
Listing ID: 2292264Listing provided by BizBuySell
BUSINESS DESCRIPTION

Solid Trucking revenue base is strong buy point.

This is a well established Moving, Storage, and Short Haul Trucking company operating from Vermont since 1985. It is a Franchised Certified moving company. Additionally, it operates a short haul trucking service with an additional location. The company services residential, commercial, specialty, and storage and sells moving supplies with an assortment of boxes for specific needs. The company has a key contract. Other smaller contracts are also established with smaller commercial accounts. Storage and warehousing complete the services that the business provides. The business has 60 employees, many of which are long standing employees. The fleet has been well maintained and upgraded yearly as equipment wears out. With retirement pending, the owner is seeking to sell the company and is committed to assisting in the transition if needed.

DETAILED INFORMATION
Location
Vermont
Inventory
Not Included in asking price
Real Estate
Leased
Employees
60
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business operates from a commercial building with offices in Vermont that is owned by the seller. It contains a mechanics bay and some warehousing space. The seller also owns a 20,000 and 8,000-square-foot commercial warehouse that is used for storage by customers as well as a 50-bay, 300-square-foot self-storage facility that is adjacent to the main office. A branch operation leases a small office and 2-bay maintenance building that the mechanic uses. It serves as terminal for the fleet that runs out of that region. Another bare lot.
Competition
The trucking industry, including Moving, is a diversified industry with competition coming from local, national, and international firms. This business has solidified its position in the local market by providing excellent service and competitive pricing. It relies on the franchise parent company for it’s penetration into the Moving & Storage marketplace. This encompasses the local, national, and international markets.
Growth & Expansion
A company that has a stellar reputation like this business has unlimited opportunities to grow. Below are a few that have been identified: - Seek additional commercial contracts. - Add additional services to the large contract customer. - Acquire smaller/ additional trucking firms. - Acquire / build storage and warehouse units.
Financing
Financing will depend on buyer and deal structure.
Support & Training
The seller will provide any training or transition required for a short time period.
Reason for Selling
Retirement
Franchise
This business is an established franchise
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