|Same Day Delivery Courier Services|
NCListing DetailsOffice ID: COURIER1
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $900,000
Gross Revenue: $1,941,000
Cash Flow: $270,731
FF&E Included: No
Real Estate Included: No
Seller Financing: No
Financing/Terms:Seller will provide financing as required by SBA. Seller will not finance more than 20%.
Reason for Sale:Seller is planning to move out of state.
OperationsForm of Ownership: S Corp
Business Hours: 24x7x365
Business Description:This business warehouses and delivers business critical parts on behalf of direct clients and one of the largest international delivery companies in the world.
Historical Summary:The business was originall founded in 1941 and was last purchased by the current owner in 2007. The business is extremely efficient outsourcing almost all necessary services. Systems are automated and real time. Evening services are covered remotely with the exception of product pulls needed for delivery.
Owner Qualifications:Owner will require basic accounting, computer, management and organizational skills.
Competition:There are other couriers in the area. Some specialize in mail services, or legal documents, there are others that also offer same day, but it is not their only service and they do offer the level of customization that this company offers our high end clients.
Potential Growth:Growth has been solid and steady the past 3 years despite the economy, and the fact that the owner does zero sales or marketing of this business. The company has lost no major clients this year, and remains profitable in 2012. Due to the mission critical nature of the delivery services clients are less price sensitive and pay in a timely manner. Current owners beleive and are often asked for freight forwarding services which would be a natural extension of the business. While this business has grown primarily through customer referrals and call ins, there is enormous potential
LocationMonthly Rent: $2,850
Business is located in a commercial/business strip center in close proximity to UPS and FedEx hubs. Dock is available and often used. Adequate parking. Buyer may consider relocating closer to the airport in less expensive space. A lower lease rate may be negotiable at this location. However moving is costly and each client will have to approve new location.
Last Updated: Jun 30, 2016 / 2:44 PM
Financial Information Current as of: Jul 23, 2013 / 2:17 PM