Active
Profitable Well Run Long Haul Trucking Company
Long Haul Trucking Company. Established in 1992. This Long Haul business consists of two different parts, 15% of revenue comes from Roadway's own trucks (asset based business) and the 85% of the revenue comes from brokering out the business (brokerage business). Last year the business was divided 25% Asset based transportation and 75% brokerage so the movement is towards more revenue from the brokerage. All equipment is newer and meets California Emission Standards and the majority of the equipment is 2020 or newer with additional tractors purchased in 2022. Company Mission is to provide “Quality” service and on time Delivery Safely at competitive Cost. Safety at work and on the road is top priority. 85% of business is long haul and 15% is short haul. Purchase will include Existing Contracts, Rolling Stock, Shop Equipment, Office Equipment, Technology Programs including GPS Tracking, ETC. Employees are well trained and qualified and have received current training. The national trend and demand for trucking is increasing and is expected to continue growing over the next few years. Roadway has picked up additional load commitments and has increased business over the last year by an additional 40%.
Listed By: Verlen Love
Background information
Reference:
BAKERCA001-N984
Year established:
1992
Reason selling:
Retirement
Finance
Sales:
$22,000,000
Profits:
$2,038,000
Profit type:
Discretionary Earnings
Operations
Employees:
14 Truck Drivers and 4 Office Staff. Owner, Owners Son and Wife all work in the business, mostly remotely.
Equipment:
19 Tractors with 20 Reefer Trailers. Most equipment newer than 2020, ten new tractors purchased in 2022 and one in 2023.
Premises
Facility:
Consists 2.5 acres with a 1,200 SqFt Office.
Square footage:
1,200 SqFt of office space and 2.5 acres of yard space.
Rent and lease terms:
Long term lease available at $6,000.00 per month NNN.
Location:
Kern County California
Opportunities
Growth:
Company is very capable of tremendous growth both asset based and broker based. Business is working mainly with 3+ clients and have all the loads they can handle. The carrot, fruit, grape business, etc. are or have been clients and with more equipment, this business can expand. Seller willing to assist in transfer of ownership and can help with growth.
Price and terms
Price:
$8,290,000
Down payment:
$1,500,000
Financing:
Can be financed with an SBA. Financing is also available for equipment. Some owner financing available.
Training:
Seller will negotiate a transition period