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Business for Sale Summary

Trucking Company For Sale in Middlesex County, NJ - 33021

Business Type: freight moving/delivery/storage/warehousing
Owner Financing
Trucking Company For Sale in Middlesex County, NJ
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Financial Information (non-confidential)

General Information
Asking Price $500,000 Down Payment $400,000
Gross Revenues $500,000 Lease Remaining Register Free to View
Owner’s Cash Flow $100,000 Number of FT Employees Register Free to View

Financing

$400,000 Down and $100K over 12 months at 0%

Business Description

Seller Financing Offered. A trucking company located in Middlesex County, New Jersey has come on the market. Licensed to haul general merchandise interstate, this company hauls import/export containers from New Jersey ports up to 300-mile radius. It has four drivers, four trucks and six private chassis. Licensed for Ocean Port, Dry container and Reefer drayage. It also has an overweight permit and a C-link Seaport permit. States served typically include MA, RI, CT, NY, NJ, PA, DE, and MD. The business can be expanded in a multitude of ways not the least of which is by adding Rail Port drayage, Long-Haul freight, Back-Haul services and by adding trucks and drivers (now refusing or farming out work to other trucking companies). Each additional truck should add about $150,000 in annual revenue at a cost of about $90,000 yearly including driver and operating costs; thus, generating a net profit of $65,000, or 72% on cost. The owner of the company has been driving for 25 years and wishes to retire.

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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.