MergerPlace

Established Trucking Company

Kentucky


  • Asking Price: $1,100,000
  • Gross Income: $1,780,718
  • Cash Flow: $325,663
  • Real Estate: $400,000
  • Inventory: Not Disclosed
  • FF&E: $600,000
  • Listing ID: #220516
  • Established: 1999
  • Employees: 14 FT / 1 PT

Business Description

This is a tremendous opportunity to acquire a trucking company with Real Estate that has consistently produced exceptional cash flow. They are strategically located near a large base of manufacturers that procure raw materials from multiple outlets in the region. The fleet of Tractor Trailers dispatch daily to various regional customers and run multiple loads per day. Because the drivers are home daily and have a level of consistency in their routes, this is a very appealing place to work. Opportunities for additional revenue growth are abundant in the area. This business is a turn key cash producer with a solid reputation and loyal customers.


Business Details

Primary Business Category: Transportation and Warehousing
Location: Kentucky

Company Information

Year Established: 1999
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 14 FT / 1 PT

Financial Information

Asking Price: $1,100,000
Gross Revenue: $1,780,718
Cash Flow: $325,663
FF&E: $600,000
Real Estate: $400,000
Seller Financing Available: No

Property Information

Facilities:

The company operates out of a 4,000 square foot facility on 2.3 Acres that is included in the sale price @ a value of $400,000. The building includes offices and a shop for working on trucks. The lot is large enough that it allows for the trucking assets to be parked at the facility. They are strategically located in an area of Northern Kentucky with a thriving industrial economy. The closest metropolitan cities are Cincinnati, OH and Louisville, KY.

Growth & expansion opportunities:

There is still significant upside potential for this business. One large manufacturer who is a recipient of many of their customer's materials is undergoing a major expansion and has announced additional regional investment. Additional businesses are also in the area who provide growth opportunities. Many inquiries for new business have been turned away, but a new owner could add owner operators or equipment to capitalize on the potential new work.

Competition:

This business falls under the category of local trucking. This segment of the trucking industry measured at $52 billion in revenue in 2019 per IBISWorld. Short term projected growth exceeds 2% annually.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ no cost The company provides local hauling utilizing dump trailers and flat bed trailers. Drivers are required to hold and maintain a Class A CDL. The company must maintain a USDOT number and adhere to the standards and requirements set forth by agency.

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Business Listed By:

Phil Eleson

Murphy Business Brokers