This well-respected trucking company specializes in long haul and cross-country transports. It accepts loads of general cargo, over size hauling, construction materials, and time-sensitive loads. This highly profitable model has been showing great results for a number of years. This year 2016, the company will be doing close to $4 Million dollars in revenue, averaging a $1 million per quarter!
The company owns a fleet valued at $700,000 of vehicles and trailers included in the sale price. The entire operation and the office space is portable and can be moved according to buyer’s needs. In addition TEG has 15 trailer spots secured in the Tri State area.
90% percent of the business is booked through brokers on a daily basis. These brokers, have a very close relationship cultivated through the years. The company has built a list of shippers who are repeat customers and these customers are the most profitable clients of the company. They have a consistent flow of profitable revenue and impeccable credit with their financial institution, a great reputation in the market, and are in good standing with DOT with an excellent safety record.
The company employs around 10 motivated drivers. All drivers are fully D.O.T. and M.S.H.A qualified. There is also two seasoned dispatchers and the owner who also books new business. In addition, the company uses the services of five independent drivers.
The company maintains a fleet of 13 trucks – none older than 2002 – and 10 trailers.
The Transportation industry in considered to be a mega-industry in America, with hundreds of thousands of third-party logistics firms focusing on 3 main areas of transportation: air freight, intermodal and trucking. Transportation companies generally pull around 7.7% in gross profit and on average, have only 4 employees. The advantage to working in an industry that is constantly evolving is that with change comes opportunity, and freight forwarding businesses are facing several opportunities for growth and profitability. As China and India shift into the #1 slot as electronic manufacturers, this opens up more opportunity for international importing/exporting. Sophisticated new software also opens the door to become more than just a shipper, but also a consultant on all aspects of the supply chain.
Asking Price $2,750,000
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