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Business for Sale Summary

Logistics Company in Connecticut - 33112

Business Type: auto/truck mechanical repair,freight moving/delivery/storage/warehousing
Logistics Company in Connecticut
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Financial Information (non-confidential)

General Information
Asking Price $500,000 Down Payment $300,000
Gross Revenues $1,200,000 Lease Remaining Register Free to View
Owner’s Cash Flow $300,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and $200,000 at 7% for 48 Months

Business Description

Profitable Trucking Company and Truck Repair Shop in New Haven County, CT. This business is family-owned and operated. They have been in business 11 years, and just recently broke 1 million dollars in gross revenues. In 2016 they grossed $600,000. In 2017, $1,500,000 and in 2019 $1,200,000. They project they will have their best year yet in 2020.They offer trucking services which brings in about $900,000 in gross sales. The Trucking repair side of the business brings in about $350,000 in gross sales.The trucking side of the business essentially covers all the costs of running both the trucking business AND the truck repair business, so whatever the Repair shop makes is profit. As a trucking company they have two official accounts that provide steady business. They are still looking to make 2020 their biggest year yet even though they're looking to sell, so they are actively seeking more accounts. The owners oversee all mechanical work and approve it before returning the vehicle to the customer, however there are 4 full-time employees in the shop that handle all the repairs.These auto repair workers are excellent, loyal, they have all invested a lot of money into their own tools so they're there for the long run. The truck repair shop has 4 bays, it is 5,000sq. ft. and the lot surrounding it is about 20,000 sq. ft.. The all-inclusive rent is FLAT $4,500/month, no increase.There are 4 years left with a 5-year option. The owners put a lot of money back into the business. They invest in training ($40,000), a new software to better manage their data ($80,000), new tools ($50,000), and a lot more trucks. They have about $250,000 in assets. 8 Trucks (all freight liners) 6 of which are fully owned. 2 are bank owned. A pick-up truck with a gasoline-powered air compressor, a mobile 450 sq. ft. dispatch office, many other vehicles, tools, and equipment to handle the orders to gross over 1.5 Million. Two Full-time office employees, four W2 Drivers, three 1099 Drivers. The seller will agree to provide a 90 day transition period to make sure you learn the business, train you, or help train someone to take over the responsibilities of the owners (as they're very involved in the day-to-day).The sellers have a lot of confidence in what they have built over the years, their staff, their clientele, their reputation, and their ability to help you during a transition. They are willing to offer seller financing to a qualified buyer. They can accept $150,000, and finance the remaining $150,000 over 24 months at 7%.They have very good records of their financials. To release the address of this business, kindly upgrade your vestedbb.com membership to premium. Contact the broker at (877) 735-5224.

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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.