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Trucking Business Strong Growth And 19 Year History For Sale

Wichita Falls, Texas, US
Asking Price:
$3,900,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$5,066,718
Cash Flow:
$1,092,505

Lighthouse Business Broker’s is proud to exclusively represent and acquisition opportunity for a profitable trucking company that works with some of the biggest companies in the world including Google, Apple and BMW. This business provides premium transportation services for entertainment, military, restaurant, automotive, retail fixtures & more. With approximately 75% of annual revenues coming from repeat customers, this business has a consistently strong pipeline of reservations typically booked at least 2 months in advance. The current fleet/FF&E includes 13 trucks, 15 trailers and an estimated 300k worth of shop and office equipment. The business is carrying $2.8M debt on $3.1M in assets. A debt assumption + cash structure will be the most tax advantageous way to consummate the transaction. In this scenario a new buyer will benefit from significant depreciation carry-forward that can be used in the future. The business is fairing well during the current situation and prepared to scale quickly when things get back to normal. Entertainment industry experts are expecting things to get very busy when that happens, this company is positioned to get to work when as soon as the floodgates open.

With a fully trained staff that includes 6 office/shop personnel and 15 salaried drivers, this turnkey business is generating positive cash flow and all existing employees, including management, are willing to continue working for the company post-transition. The company created and owns proprietary lifting technology that that can lift heavier and larger loads, giving them an edge over the competition. The seller has an exclusive agreement with the manufacturer, so they are the only company with access to this equipment. These proprietary assets will be included with the sale.

With over $15MM in revenues generated over the past 3 years, this long-established business has a proven track record of consistent profitability that spans over 19 years and has adapted to the current situation in 2020. Contact Lighthouse Business Brokers for more information.

Property Information

Real Estate:

Lease

Leasehold Rent:

$2,200 per annum

Location:

Wichita Falls, TX

Premises Details:

Office and Shop

Size in square feet:
7,000

Business Operation

Expansion Potential:

Add more trucks while they're relatively cheap, prepare for the floodgates to open when things get back to normal.

Competition / Market:

This companies lift gate technology allows them to lift heavier and larger loads that the competition cannot handle.

Reasons for selling:

Retirement, spend more time with family.

Employees:
21
Years established:
2001

Other Information

Support & training:

Seller will provide training and support. Ownership is willing to stay with the company for up to 5 years.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable

Furniture / Fixtures value:
$3,100,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Information

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