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Business for Sale Summary

Profitable Trucking Company for Sale in Sussex Cou - 32688

Business Type: misc. servicel/non-classifiable,freight moving/delivery/storage/warehousing
Profitable Trucking Company for Sale in Sussex Cou
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Financial Information (non-confidential)

General Information
Asking Price $160,000 Down Payment $160,000
Gross Revenues $900,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$160,000 Down and

Business Description

Three short years young, this trucking company developed quite a business in rapid order. With four new (2016, 2018, 2018 and 2019) dump trucks, six major customers and 20 minor customers, the company hauls mulch, rock, excavation and more along the East Coast from Delaware to Maine from its Sussex County, New Jersey location. However, each time they acquired a major customer, they purchased a new, top of the line 26-or 27-ton dump truck. The operation is profitable but the finance charges on the trucks drive cash flow negative. Note payments on one of the trucks will end late in 2020 and once completed, the business will be nearly break-even. A marginal increase in business will put it in the black. The notes are not personally guaranteed. There is plenty of business available and considerable expansion can be accommodated without further purchases. Each truck has significant capacity; regional trucking which is far more efficient and already in the mix can be further developed and note payments dwindle near term. Headquarters can be relocated to Central or South Jersey or to Eastern Pennsylvania. This business becomes highly profitable almost immediately.

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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.