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Financial Information

Asking Price: $150,000

EBITDA:

Gross Revenue: $361,384

Cash Flow: $72,000

FF & E: $15,000

Inventory:

Financing: No

Business Location

Atlanta

Description

This trucking, warehousing & transfer business has been in continuous operation since 1972. The business was considerably larger at one point, but the owner is 75 years old and has been reducing the client base and his workload in recent years. There are currently a handful of clients that are still active, and the seller has every reason to believe they would stay with a new owner but obviously can offer no guarantees. Approximately 50% of the revenues are generated from warehousing and transferring freight, and 50% is generated from trucking local freight. The local freight is transported by 2 owner-operators who are independent contractors. The warehousing and freight transfer is managed and executed by the company’s only employee.

Gross revenues were $361, 384.00 in 2016. Gross revenue has been $270,000 through July of this year. The owner estimates net profits to be in the 20+% range. There are NO financials available to potential buyers. THE SELLER WILL PROVE THE REVENUES, EXPENSES, and PROFITS TO QUALIFIED POTENTIAL BUYERS WHO HAVE EXECUTED An NDA AND HAVE PROVED THAT THEY HAVE THE RESOURCES TO FOLLOW THROUGH WITH THIS TRANSACTION.

The business leases a 15,000 sq. ft. warehouse and 2 offices. The lease is currently month to month, and the rent is $1,840.00 per month.  The sale includes 2 HIGH MILEAGE trucks and a forklift & pallet jack.

For additional information regarding this opportunity please contact Mark Werbalowsky at 404-277-3400 or at mwerb@sunbeltatlanta.com.

REASON FOR SALE

Retirement

facilities

The business leases a 15,000 sq. ft. warehouse and 2 offices.

Details

Home Based:
No
Year Established:
1972
Franchise:
No
Distressed:
No
Willing To Train:
Yes
Relocatable:
No
Is Property Leased:
Yes
Real Estate Available:
No
Real Estate Included:
No
Days Open:
Mon. – Fri.
Hours Open:
7 AM – 5 PM
Is Management Staying:
No
Building Size:
15,000 Sq. Ft. Plus 2 Offices
Sold To:
Global Transport Express
Sold To Location:
Atlanta
Date Sold:
2/20/18
Listing ID:
1422
Sale Details:
6 Months List To SOLD

Mark Werbalowsky

M&A Advisor
770-936-9099 x 804

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