MergerPlace

Distribution/Logistics

Florida (Leon)


  • Asking Price: $2,300,000
  • Gross Income: $2,826,945
  • Cash Flow: $409,749
  • Real Estate: Not Disclosed
  • Inventory: $100
  • FF&E: $19,920
  • Listing ID: #211726
  • Established: 2005
  • Employees: 23 FT

Business Description

Logistics/Final Mile Delivery Company for Sale. An established/successful business that specializes in the final mile delivery of products that need two man delivery teams with lift gate service. The Business delivers a wide range of products to residences and businesses sold through e-commerce and brick and mortar retailers. Operates in a 150 mile radius of its North Florida headquarters.


Business Details

Primary Business Category: Wholesale Trade - Durable Goods
Location: Florida
County: Leon

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 23 FT

Financial Information

Asking Price: $2,300,000
Gross Revenue: $2,826,945
Cash Flow: $409,749
FF&E: $19,920
Inventory: $100
Seller Financing Available: No

Property Information

Facilities:

The Business is located in North Florida and operates out of a 17,500 sq. ft. building that consists of its corporate office and warehouse. The location is an excellent fit for the footprint it operates and has easy access to major highways and interstate access. The Business has the ability to receive or load out four trucks at one time. The facility has a large reception area, 5 personal offices, a kitchenette and a lounge that can be used as a conference room. The facility, constructed in 1997, has basically everything a new owner would need to operate this business on "day- one". The company acquired this building in 2017 for $735,000 and it is included in the $2,300,000 selling price. Over the past 12 months, the Seller has made $25,600 in property improvements and upgrades. Over the past twelve months the following renovations and improvements have been made: * Installed new HVAC system...................$6,000 * Installed new carpet...............................$4,200 * Installed new electrical (rewired)............$6,800 * Installed new plumbing & toilets.............$4,000 * Installed new roll-up doors......................$2,200 * Installed new crushed asphalt............... $2,400 Total property improvements/upgrades....$25,600 Employees: There are currently 24 employees of the company. Those employees include an Experienced Operations Manager that has been with the company for 8 years as well as an established warehouse manager that has been with the company in numerous roles over the past 9 years. There is also an office manager that has been with the company for two years but has been in the industry for the past 15 years. The company can also boast that the average tenure for the drivers and delivery teams is over 5 years.

Growth & expansion opportunities:

There is huge potential for growth considering that The Business is primarily focused on the rapidly growing e-commerce business. In addition to their existing clients growing organically as e-commerce grows there is also the potential to add new clients and for their existing customer base to add new clients. There is potential to enter the middle mile business as well as potential to add storage clients to the current mix. There is also vacant land next to the business that can be developed for future growth.

Competition:

There is no other competitor in the market that offers two man lift gate deliveries with the scope and breadth of this business. The business has developed a reputation with its clients of superior customer service, attention to detail and extremely low transit times.

Reason for selling:

The reason for sale is that the company is prime for growth and expansion. The current owners have grown the business to the current level and are ready to transition in other avenues and feel that expansion and growth will take from new personal goals.

Support & Training:

Will train for 4 weeks @ $0 cost. The business offers retailers that ability to sell and deliver product without ever handling the merchandise. This lowers the cost for the retailers and allows them to pass on the savings to end consumers. The business is able to offer retailers this service by receiving goods and products direct from the manufacturers or suppliers, cross dock the products and then fan or distribute the goods to the end customer. The business is located in an ideal location with great access to the interstate for fast distribution to end customers. The business also offers real time tracking of every shipment, the ability to capture electronic signatures and the ability to update clients in real time of completed deliveries.

Contact Business Seller

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Business Listed By:

John Kraft

Murphy Business Brokers