Long Haul trucking, excellent routes, huge growth potential
Location: Wisconsin
Industry: Transportation > Shipping and Transportation
Financials
Asking Price: $5,010,000
Gross Revenue: $4,738,652
Cash Flow: $735,599
Cash Flow Comments: incl. dep, interest, rent, lease/purch pymnts, salaries
FF&E: $3,173,000 (Included in Asking Price)
Real Estate: $800,000 (Included in Asking Price)
Seller Financing: none
Business Summary
Located in a Milwaukee suburb in Southeastern Wisconsin just 1/4 mile from state highway feeding to 2 interstates. This long haul trucking company specializes in refrigerated freight and has dedicated runs to Florida and the southeast as well as Ohio and Midwest. They also have clients shipping heavy machinery and durable goods. They make great money on outbound freight and have enough customers to fill trucks and make money on backhaul. 20 tractors most with warranty for drivetrain and motors, and 25 trailers are newer, high end, and early in the depreciation cycle. Sale includes upper midwest terminal just off state highway with 2.7 paved acres, 12000 plus square feet of warehouse, docks, shop, and offices. Yard includes outdoor docks, fuel tanks, full power and extra storage building. Extensive and impressive equipment list. Turning down freight everyday and in need of an owner(s) who can infuse capital to buy more equipment and personnel to take on the freight they are turning down. Owner simply can't manage 50 drivers or finance the rest of the equipment needed to satisfy demand from the customer base.
About the Business
Year Established: 1993
Employees: 25 full time - 3 part time
Facilities: 12000 + sq ft of warehouse, docks, shop, offices on 2.7 paved acres of yard just off major state highway and minutes from interstate.
Market Outlook and Competition: Most trucking companies are struggling to stay alive. This one is turning down more freight than they are hauling and making money doing it.
About the Sale
Management Training and Support: Based on needs of buyer
Reason For Selling: Seller can not manage more than the 25 drivers he currently has employed, nor can he finance more equipment to take on all the freight customers are asking them to carry.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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