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Business for Sale Summary

Transport and Storage Biz for sale in New York - 34341

Business Type: freight moving/delivery/storage/warehousing,misc. service/non-classifiable,other business services,other personal services,seller financing available,storage facility
Transport and Storage Biz for sale in New York
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This business has received 14 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $800,000 Down Payment $550,000
Gross Revenues $3,552,060 Lease Remaining Register Free to View
Owner’s Cash Flow $181,000 Number of FT Employees Register Free to View

Financing

$550,000 Down and $ 250k over 3 years@5%

Business Description

Long established (81 years) family owned very successful moving company is for sale with two locations- one on Long Island with second CT facility. Known worldwide. This has been a family business many decades! Stockholding agent for a Nationally known and worldwide moving and transport company. Age and health issues force sale. Transports general commodities, households and corporate equipment and employees. Specific cargo like medical and high value cargo. They service customers locally, nationally, and internationally with long-established business relationships and multiple crews in place to handle all the work. NVOCC, IATA agent, full-service freight forwarder that meets all TSA standards. 70% of the revenue comes from moving and 30% comes from short- and long-term storage. The business also has several fortune 500 corporate accounts that they service. $300,000 worth of equipment is included in the sale of the business. Seller financing available. Agent for company that assist with all local and international logistics. Revenue from 187 storage pods/vaults (80% occupied). short- and long-term storage for clients. Access to 280 nationwide agents/facilities and 100 affiliated international agents. Client base consists of fortune 500 companies relocating staff, law firms, research facilities, government, medical equipment manufacturer, university and military families. Nationwide and worldwide network of affiliated agents that will help fulfil client needs. Connecticut facility has 3 warehouses totaling 51,000 sq ft. Long Island facility is 29,000 sq ft. Ct. owner/manager willing to stay for up to 5 years. Business profile is based on the 2019 Pre Covid numbers. No sales staff and little marketing. New owner operator can quickly scale the business back up in this new mobile, post covid environment. Proof of funds and some transport and logistics background is required for a meeting with the owner. Seller Financing available. Contact broker Joseph Stansky for more information.

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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.