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.
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 late 2017 for $735,000 and it is included in the $2,550,000 selling price. 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 and shelving ...$12,200 * Installed new crushed asphalt.................... $2,400 Total property improvements/upgrades........$35,600 Employees: There are currently 30 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.
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 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. Perhaps, the most notable competitive advantage this company commands is the speed and efficiency with which it receives, accounts for, re-loads and then distributes customer's products. The Final Mile Industry Distribution turn rate is approximately 3.1 days. For this company, the Turn Rate is 1.7 days. The less time a product remains in a warehouse, the more profits are to be made. This company thrives in the Distribution Business. It has no interest being in the Storage Business!
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 seeking an established distribution company or seasoned logistics professional to take the company to the next level. Seller willing to remain after sale under negotiated conditions.
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.