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Overview

Transportation and Storage

Temporary Employment Transportation Services

Price: $2,520,000

Listing ID: DELIVERY1

Entity Classification(M): S-Corp

Year Established: 1998

Annual Sales: $3,943,780

Seller Discretionary Earnings: $624,650

FF&E: $19,000

Target Working Capital: $250,000

Days & Hours of Operation: Monday - Friday, 8am - 5pm

Full-time Employees: 6

Contractors: 133

Reason For Sale: True Retirement

Reason for Sale Comments: Seller has personally prepared for retirement

Limited Seller Financing: 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

Listing Status: Under Contract


Summary

Description:

Provides drivers to deliver specialty vehicles to manufacturers' dealer and customer sites across the US and Canada

Historical Summary:

A large and loyal customer base that pays quickly combined with a small capital expenditures requirement reduces the need for working capital

Growth & Expansion Opportunities:

Existing customers are requesting more deliveries and new customer opportunities are also available because of the company's outstanding quick and reliable performance

Competitive Advantages:

Long relationships with both manufacturers and their customers have set benchmarks that would be difficult to build from the ground up

Owner Qualifications:

General business skills and sufficient liquid capital to qualify for financing.

Support & Training:

Manager is willing to continue working in an extended transition

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Charles Milam

Senior Broker – Greensboro, NC

Office: (919) 341-1100

Cell: (336) 708-1133

Contact Listing Broker

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Real Estate Transaction Handled by

2009 Caminos Drive, Raleigh, NC 27607

Real estate agent's disclosure Form

Location: Central NC

Real-Estate: Leased

Facilities Type: Stand Alone

Monthly Rent: $1,500

Building Square Feet: 1,350

Facilities Description:

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