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Businesses For Sale > Business For Sale in Ocean County, New Jersey (NJ)
OTR Trucking +$530K Cash Flow Est. 1959 for sale in Ocean County, NJ
Ocean County, New Jersey (NJ)
| Asking Price: |
Gross: |
Cash Flow: |
| $ 2,250,000 |
$ 3,127,409 |
$ 529,885 |
Furniture and Fixtures Value:
$ 25,000 (included in the asking price)
Inventory Value:
$ 5,000 (included in the asking price)
Real Estate:
(not included in the asking price)
Business Summary:
Business established in 1959 INCLUDES: 11 Tractors & 29 Trailers valued at $1,200,000 Long-term sustainable customers with tremendous growth opportunities Relocatable - 60% Regional, 20% Long Distance, 20% LocalFamily-owned and operated specializing in transporting pad-wrapped fixtures to retail stores throughout the country and furniture transportation from California to all points east. Services include truckload, LTL, roll-out, exclusive use and expedited.Currently serving 3 major clients (90% of revenue) with pick-up locations in VA, MD and CA. Relationships with these clients span a minimum of 15 years and some as long as 30 years. Clients also have excess capacity, which would be an opportunity for the next owner to handle a significant increase in loads. All clients will stay with similar level of service.Liability and Workers Comp Insurance are low due to their safety ratings and overall good history and hiring practices. Currently employs 11 drivers, 2 mechanics and 2 office staff. Current staff will be afforded the opportunity to remain in current positions given a timeframe to show their expertise in their own specific area of the business, as well as offering new owners time to evaluate abilities of each.
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| Year
Business was Established: 1959 |
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| Number of Employees:
14 FT/2 PT |
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| Facilities / Terms of Lease:
Business is currently based in southern NJ, however based on proximity to clients, can be relocated or absorbed into a larger operation with no geographical barriers. Currently most of the pick-ups are in Fredericksburg, Virginia and Northeast Maryland with west coast pick-ups in Los Angeles, California.
Facility is owned by a related party and if needed, would consider a long-term lease at the current market rate. The 4,400 square foot building is situated on a little over an acre and includes about 1,000 square feet of office space and 2 maintenance bays taking up 3,400 square feet. |
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| Potential
Growth/Expansion:
Growth potential is unlimited!
-Adding loads to existing clients who all have excess capacity
-Sales & Marketing to obtain new clients
-Add more drivers |
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| Competition:
While the Long-Distance Freight Trucking industry has a high level of competition, this company has limited this risk by specializing in a specific niche that requires quality and on-time deliveries which most of the competition cannot achieve. They also have several very long-term relationships with customers. |
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| Owner
willing to finance:
$225K down/$500K over 60 mos. @ 8%/Other Financing. |
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| Owner
willing to train:
Will train for 4 weeks @ $0 cost. |
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| Reason for selling:
One owner retiring, second owner willing to remain during transition and/or an agreeable period of negotiated time. |
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Seller Reference Number: 3410-17843
BusinessMart.com Listing Number: 300628 |
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To request more information
on this business
please fill out the form shown right 
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For
more info contact:
Evelyn Correa
Murphy Business & Financial Services
727-725-7090
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