Business Summary:
This is a very unique and one of a kind type company. It provides fleet management and asset tracking to medium to large companies with vehicle fleets to improve their efficiency and gas saving (up to 50% savings) and increase their revenues by using GPS, cellular data, and proprietary software. It has been tested in 42 cities in the US and is currently operating in Russia. It is built to provide a plug and play approach with the least amount of effort and training for the customer. This is very Eco-Green and in line with the wave of the future in the ecological field. The business was sold for $2.7 Mill in 2008 but fell thru due to funding of the Buyer - now the owner must sell ASAP. This is a great tool for the long haul trucking industry, urban trucking companies, the container industry, shipping industry, and any business with movable vehicles or containers around the World. This also has technology to monitor propane tanks and tell a company which ones to fill first - this could revolutionize the propane delivery space and greatly reduce emissions. This technology can be modified easily to compete in a changing environment. The new owner will need to invest some capital to market the service and should have a solid marketing background - the technology is so simple that the new owner will only need the 4 weeks of training to be provided by the Sellers to understand and operate the business. This business can be home based and has the ability to be a Worldwide business. The technical barriers to entry into this field are quite high - and the costs are prohibitive, so to be able to have a completely functioning and tested system for this value is outstanding.
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| Year
Business was Established: 2002 |
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| Facilities / Terms of Lease:
The business is currently operating out of Bellevue, Washington; however, it can be operated from anywhere and can easily be a home based business. This can easily be operated as a home based business or run from a brick and mortar location |
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| Potential
Growth/Expansion:
The company targets construction, service, and delivery fleets of 20 - 200 vehicles that operate in and around urban environments. There are 5.4 million vehicles in the target market segment, with a potential market of $2.3 billion a year. The fleet management has been an important tool for long-haul trucking for many years; however, just recently with the increase in fuel costs it has prompted an interest and necessity for urban trucking companies. This also has technology to monitor propane tanks and tell a company which ones to fill first - this could revolutionize the propane delivery space and greatly reduce emissions. The technology can also track cell phones (Blackberries), traditional cellular based vehicle tracking units, and satellite tracking units. This technology can be modified easily to compete in a changing environment |
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| Competition:
This company focuses on a narrow niche of urban private fleets. There are two national competitors. There are four key features that differentiate this company from the competitors: 1) ease of use 2) End to end solutions 3) Cost effectiveness 4) Technical superiority. |
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| Owner
willing to finance:
Cash, Bank Financing or Seller financing with $100K down, 3 year term, at 6% |
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| Owner
willing to train:
The Seller will provide 4 weeks of hands on training on all aspects of the business - from the day to day operation to marketing. The Seller will also be available for phone consultation after the training period. |
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| Reason for selling:
The Seller's had the business sold in 2008 for $2.7 Mill and the Purchasing Company could not meet their obligations, now the owners have moved on to other projects and no longer have the capitalization to expand and operate the company. |
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| This business is Home Based.
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| This business is Internet Based.
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Seller Reference Number: hfngPoint
BusinessMart.com Listing Number: 64213 |
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