Well-Established Logistics Company With Healthy Profits
Well-Established Logistics Company With Healthy Profits
  • Listing Number:
    100076
  • Listing categories:
    Trucking, Freight, Transportation
  • City:
    Fernandina Beach
  • State:
    Florida
  • Zip Code:
    32035
  • Gross Revenue:
    $2,316,337.00
  • SDE / Cash Flow:
    $503,714.00
  • Business was established:
    2005
  • Number of Employees:
    12
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Well-Established Logistics Company With Healthy Profits

Business Summary

Since 2005, this logistics and transportation company has provided superior customer service to its clients that frequent the Northeast coast of Florida. Established in Fernandina Beach, just off main Highway A1A, this trucking company is seated perfectly at the ports of the Atlantic Ocean, less than 40 miles from the larger busy city of Jacksonville, Florida. The business has a qualified staff of truck drivers who have been loyal to the company over the years. With over $2 Million in revenue last year, and $3 Million the year previous, it is clear that this logistics business is a picture of success.

Facilities / Terms of lease

The business is located one block from Highway A1A. The modern facilities include four offices (3 connected offices at 600 sqft., 1 private office at 200 sqft.) and an approximate 5-acre yard with room to park 14 trailers. The 3 conjoined offices house the dispatching area and computer. The real estate and property are on a renewable lease that renews in January. Other physical assets included in the sale are 4 leased trucks: 2016 Freightliner, 2015 Volvo, and two 2012 Freightliner trucks.

Potential

The business has seen no shortage in workload and turns down business regularly. Hiring a few additional drivers to put 15 trucks on the road could easily generate up to $3 Million in revenues in one year. All of the trucks are tagged for 48 states, but most travel within the southeastern U.S. (East of Texas and South of Virginia). Establishing a website and expanding the online presence of the business could also generate more income.

Competition

There are no competitors in the Fernandina Beach area. The business has a longstanding and loyal clientele. Five major clients are steamship lines that frequent the port in Fernandina Beach, 2 ports in Jacksonville, and the Florida East Coast Railway Ramp in Jacksonville. The business has a well-known and respected name in the market area and business arena and has provided superior customer service to its clients over the years.

Reason for Selling

Retirement

Support/Training

Currently, the business has 1 full-time general manager, 9 full-time contractual employees, 2 part-time contractual employees, and one owner. The business has staff and management in place to help a new owner successfully manage the transition, and to provide continuity after the owner's departure that clients know and trust. The business owner is willing to remain involved for a 3-12 month post-sale transition period, and wants to remain as part-time consultant for the business after it's sold.

Detail


A Great Location, Loyal Staff, and Longstanding Clientele make this a fantastic opportunity for any interested acquirer!

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