Business Summary:
The Business: This very successful niche logistics company provides refrigerated trucking for fast food establishments, food distributors, and convenience stores in the Southeastern and Mid-Atlantic United States. They are an industry leader that the owner has been running for the past 23 years. There is a substantial upside to this business with organic growth from the existing customer base. They don’t do contracts, which allows them to charge a better price since the service is required in an expeditious manner. The company has a very profitable book of business with ample room to grow. The owner has built an efficient foundation (largely through word-of-mouth), without a website, social media profiles, or minimal marketing and advertising. It provides the opportunity to greatly expand the company through a cohesive marketing plan coupled with targeted advertising. With strong cash flow, year over year, this is a great opportunity for anyone looking to start or expand their experience in the transportation industry.Drivers: The company uses experienced drivers: drivers with no record of accidents. Authority recently passed a full DOT audit. The owner has a proven system to recruit drivers quickly which are 1099 employees.The Owner: The business is turn-key, allowing a new owner to step in and take over operations. The owner currently dispatches the trucks and manages all day-to-day operations and will stay on for 30 days to ensure a smooth transition. The owner is willing to negotiate a longer stay to help assist and may consider help in financing for the right buyer. The owner will be available to answer questions as they want to see the business grow, thrive, and succeed! The owner is ready to pass on his legacy to a new owner and work with them to make a successful transfer.The business has been approved for an SBA Loan.
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