Business Description
The Company was founded in 1988 by its current owner. It all started with one vehicle and one account, and today they have a staff of over 25 people plus an additional 10 to 15 contractors, and a fleet of over 8 company owned vehicles (16-foot refrigerated box truck, and 8 cargo vans). Contractors use their own trucks and trailers (both refrigerated and non-refrigerated) used as needed.
Its corporate office is in Los Angeles. The main service territory is Southern CA, occasionally Vegas and other areas. The Company specializes in providing expedited same day courier services to other businesses and residences.
The Company’s mission is to serve their customers in a timely, professional manner. The Company’s drivers are all professionally uniformed and are fully trained and certified to comply with government and industry regulations.
The company offers a reliable service that can be designed for a daily delivery set schedule or just on-demand need. They have over 40 employees and contractors and vehicles ranging in size from small vans to med size to box trucks of all sizes and capacity as well as tractor trailers. They provide all their services in a confidential and time-sensitive manner. They can provide a route service or design a custom courier service to meet specific business demands.
The Company’s customers number in the hundreds and include but not limited to custom furniture manufacturers, water distribution, food and beverage companies, ice cream manufacturers, commercial printers, Advertising firms , Law firms, and many interior design firms, such as construction companies and home design businesses. A small number of labs as well.
SERVICES
• Courier Services: pickup and delivery anywhere in Southern California.
• Cargo & Freight: Offering logistics solutions for businesses, including transportation and distribution of palletized or loose loads tailored to streamline supply chain operations and meet diverse shipping needs efficiently and reliably.
• Refrigerated Vans and Box Trucks: Offering safe and timely transportation of temperature-sensitive goods with precision and reliability.
• Legal Courier: The Company offers dependable attorney services, including court filings, courtesy copies, and document searches, catering to Southern California firms and individuals.
• Same Day Courier: offering fast, reliable courier services with options including Express Same Day delivery and 24/7 availability, prioritizing communication, and flexibility to meet customer’s delivery needs.
• Handy Carry Courier: dedicated hand-carry courier delivery services ensuring continuous in-transit monitoring from pickup to delivery, available 24/7 for time-sensitive shipments with seamless scheduling options and instant delivery conformation.
• Medical Delivery: Rapid and reliable courier services for medical labs across Southern California, guaranteeing on-time delivery within specified deadlines, even in challenging traffic conditions, with packages typically picked up within an hour and delivered by 5pm.
• Messenger Services: providing safe and expedient messenger services, offering a variety of options including same-day delivery, flexible scheduling, and exclusive features like signature capture technology, all backed by a 100% on time guarantee and professional, insured drivers.
• Route Services: The Company offers route services for businesses reliant on regular deliveries, ensuring efficient pickup and on-time delivery of materials with flexible scheduling options and 24/7 availability, backed by insured drivers and 100% on-time guarantee, with prompt communication in case of unforeseen delays.
HIGHLIGHTS
• Ability to move temperature-controlled loads.
• Long term, loyal customers and employees
• Started by the Company founder in 1988 and has experienced consistent growth and profitability since.
• Company has an established management structure that can operate independently of the Company owner.
• Guaranteed On-Time Delivery
• Real-Time Tracking and Notification
• Dedicated Customer Support
• Specialized Courier Services
• HIPPA and OSHA compliant
Opportunities for Growth
The Company has the potential for rapid growth by:
• Expanding service to refrigerated customer transportation.
• Expanding into refrigerated storage.
• Expanding with additional hubs in other areas.
• Adding dedicated fleet services
The seller is selling for personal reasons but will assist during a transitional period. The office staff, all of whom are W2 employees, are available to work with a new owner.
The Market (IBISWorld Industry Report)
The industry comprises two segments: larger couriers and smaller local delivery companies. Together, these segments cater to various consumers, with demand for each segment differing based on the services offered. Specifically, downstream demand for courier services comes from manufacturers and retailers across the country, while demand for local delivery services is derived from households and other local markets. Although the markets for each segment differ, demand for each segment tends to fluctuate in line with consumer spending, the number of businesses and e-commerce sales, all of which have grown in recent years. The onset of the COVID-19 pandemic exacerbated the already strong trend away from brick and-mortar stores and toward e-commerce platforms, increasing demand for delivery services. As a result, industry revenue is expected to grow at a CAGR of 5.9% to $165.1 billion over the past five years, including an increase of 4.1% in 2023 alone.
In recent years, developments in the e-commerce and online retailing space have driven industry growth. Developments made by large online retailers, including same-day delivery, have increased demand for local couriers and messengers. Per capita disposable income, consumer spending and e-commerce sales are set to increased in 2023, further increasing demand. But unstable input costs, notably fuel, have narrowed profit growth, and squeezed operations. The industry is expected to continue to expand in the coming years as consumer spending, corporate profit and e-commerce sales all continue to rise. Shipping volumes will also increase as consumer preferences continue to shift toward the convenience of using a delivery service to receive purchases. As a result, industry revenue is expected to rise at a CAGR of 2.7% to $188.9 billion through 2028.
