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Specialty Vehicle Delivery Service
NCListing DetailsOffice ID: DELIVER1
Status: Active
Listing Broker: Charles Milam, M&AMI, CBI
Listing Price: $3,640,000
Gross Revenue: $5,121,000
Cash Flow: $798,000
12 Month Forecast: $5,600,000
Forecasted Cash Flow: $816,000
FF&E: $20,000
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
This business is offered as an Asset Sale with Seller retaining cash, accounts receivable, personal assets, accounts payable and any other debt so the business assets are delivered free and clear to the Buyer.  Some intangible assets may make a Stock Sale the better acquisition option.  If so, the selling price would be adjusted to reflect the net change in value at closing.
Minority Owned: Yes
Reason for Sale:
20 normal workdays at no charge; management team is willing to continue working in an extended transition
OperationsYear Established: 1998
Form of Ownership: S Corp
Employees (full-time): 7
Employees (contractors): 50+
Managers: 1
Business Description:
Delivers specialty vehicles from manufacturers to dealers and customers nationwide utilizing dozens of independent drivers to produce a long history of quality service to vendors and customers.
Historical Summary:
A large and loyal customer base that pays quickly lowers working capital requirements.  A small capital expenditures requirement also reduces the need for working capital.
Owner Qualifications:
General business skills and sufficient liquid capital to qualify for financing
Potential Growth:
Existing customers are requesting more unit deliveries than can be currently performed.  New customer opportunities are also available because of the company's outstanding past performance.
LocationType of Location: Stand Alone
Lease Expires: Oct 31, 2020
Option: Yes
Monthly Rent: $15,000
Square Footage: 1350

Offices, staging area and large parking lot provides an ideal location for easy access to interstate highway.  Options to extend the lease are available.

Last Updated: Oct 30, 2019 / 4:28 PM
Financial Information Current As Of: Apr 17, 2018 / 1:21 PM