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Business for Sale Summary

Freight Hauling Business for Sale in Morris County - 32921

Business Type: equipment rental and sales ,seller financing available,freight moving/delivery/storage/warehousing
Freight Hauling Business for Sale in Morris County
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Financial Information (non-confidential)

General Information
Asking Price $1,200,000 Down Payment $600,000
Gross Revenues $1,400,000 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$600,000 Down and 600K over 24 months at terms to be determined

Business Description

This is a car hauling business that started in August 2010, with a pickup truck and a trailer that hauls 3 cars, together having a value of 20k. With a lot of dedication and endless hours of work, this seller managed to bring this operation to a 6 trucks total, 5 semi tractors with trailers, each of them hauling 7-8 cars that they are using for the long distance trips, and one straight truck hauling 5 cars ,that we are using for the local pickups and deliveries. All this equipment has an approximate value of 600k.The equipment its financed and between 1½ and 3 ½ years will be paid off. The 5 semi tractors are doing trips from New York, New Jersey area to Dallas TX and Houston TX and seasonal to Florida. With a logistic office run the owner and his partner they manage to keep their trucks moving so each of them it's making between 30 to 35 trips per year. They are loading from the loading boards and also from their own customers, dealers and privates. Currently they are renting a parking yard for the trucks inNJ, where there is also a truck shop on the premises that they are using for all the maintenance and repair needs. Seller will agree to help manage the business for the new owner and train at least two new people that this business need to run properly(dispatcher and fleet manager). Cal Nathan Goldstein 877-735-5224

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.