SOLD: Logistics, Moving, and Warehousing Firm with $250,000 Annual Profits

Posted on Thu, Nov 03, 2016

Click me Listing Number: F1276
Location: Price: Down Payment: Cash Flow: Gross Revenue:
Southern New Jersey


 $215,000 $255,000 $1,300,000
This company has been the logistics and moving & storage provider of choice in their region since 1995. The owner is approaching retirement and is seeking a situation that will both assure the ongoing success of the company and allow him to retire following a suitable training and transition period. The business is affiliated with a leading van line on the moving & storage side and is an agent for an international freight company on the logistics side. Their product offering and revenue streams are nicely diversified. 40% of their revenue comes through providing logistical support to large regional companies, 40% comes through contracted work with the U.S. Government, and 20% comes from commercial/residential moving and storage. They currently lease 35,000+ feet of commercial space dedicated to both logistics and government storage. They use an integrated warehouse management system which is well known to the industry and provides their clients ready access to accurate records of their inventory in storage. The business, based on their service offering, generally operates 5 days per week with weekends only as needed. There is a fully developed, highly experienced staff in place along with a seasoned group of independent owner/operators (drivers). They have more than 25 pieces of “major” equipment, including several straight trucks, power units, trailers, flatbeds, etc. The business is operating well on all fronts, poised for growth in all three of their core offerings, and well positioned for an ambitious new owner to come in and take over. This deal is pre-approved for SBA financing with a down payment of $215,000. The down payment includes all bank fees AND $75,000 in working capital. Based on historical financials the buyer would recover the entire down payment in less than 15 months with $170,000 of free cash flow AFTER debt service.

Tags: warehouse, Service Company, service, Atlantic County, moving company, Logistics