Intrastate Trucking Company

Intrastate Trucking Company

Lots of Expansion Possibility

Description: http://imavex.vo.llnwd.net/o18/clients/fixedfee/images/medical.jpgCentral Indiana
Listing Number:
 2516

Financial Information

Asking Price: $2,080,000 
Real Estate: Leased Facility 
Gross Revenues: $2,371,000
Cash Flow: $415,000
Equipment Value: $1,200,000

Business Description

Central Indiana intrastate trucking company provides a niche service to a small quantity of stable, repetitive customers that appreciate personal service, competitive pricing (not the cheapest though), and proven reliable delivery. Missing a delivery date is not acceptable in most cases, so reliability is key. This business tends to deliver in 12-24 hours, whereas competitors are normally 24-36 hours. 

The business maintains its own equipment and has a full mechanical shop. Equipment includes 8 trucks and trailers. Preventative maintenance is key. They seldom ever experience a road breakdown, but if they would, they could easily swap out equipment and still make deliveries on time. 

There is huge growth available based only on having the resources to continue with the same customer performance. They are only tapping a small part of the market, but have taken some of the key strategic customers. So, there is growth potential. 

The product delivered is fixed and is used by every single person in America almost every single day. The product demand, even dependence, allows this business to grow every year and not fear of a recession. It's just too stable..

General Information

Facilities: This business operates out of a stand alone facility with 5 truck bays and offices. There is also a large lot for parking equipment as needed, both now and for future expansion. The building is fairly modern and it's in a great location. The business could remain in this location, or be relocated locally. Since the customer base is regional, we do no recommend relocation outside of a 75 mile radius.

Growth & Expansion: The business has grown every year and will continue to grow at a stable, controllable rate based on equipment availability and employment base. The customer growth is there; it's just a matter of supporting it successfully. The business does all maintenance and repairs in-house and has mechanics on staff. Business could be expanded to offer fleet maintenance to other companies or spot repair service if the new owner so desired. Drivers are paid above average, home every night, and get medical insurance (50% paid by company), so it's attractive to most trucking companies. The only concern in growing is growing too fast that the customer service suffers and the company loses it's competitive distinction for performance and personal service.

Employees: 15

Financing: A qualified buyer should be able to obtain SBA financing with 20% down

Support & Training: The seller will provide necessary support and training

Reason Selling: Other business interests

Contact Information


Contact:
 Scott Lands
Phone: 317-333-6655 x 104

 

Indiana Equity Brokers
5750 Castle Creek Parkway, Suite 275, Indianapolis, IN 46250
Tel: 317-333-6655     Fax: 317-333-6654
info@indianaequitybrokers.com

 

Respond to Listing