South New Jersey Fulfillment Center With Property And Buildings

Business Overview:

This is a third party logistics provider in New Jersey which provides warehousing and shipping services to e-tailers, mail order houses, eBay and Amazon sellers and wholesale distributors serving the consumer and business market places. The facility is conveniently located in close proximity to the ports of New York, New Jersey, Philadelphia, and Delaware.The company is family owned and operated by its principal owner. The company owns the land and building which it operates out of and these are for sale together as a package. The asking price for the business is $400,000 and for the property it is $1,380,000; the total asking price is $1,780,000.The companies goal is to help customers increase profitability by reducing fulfillment costs and allowing them to focus on sales and marketing. It caters to the growing company for whom the outsourcing of order fulfillment represents the next step in their growth; the company recognizes its responsibility for maintaining the reputations its' clients have worked so hard to develop.Since 2001, annual sales have averaged $831,000. Over the same period, EBITDA averaged $193,000 and Seller’s Discretionary Earnings (SDE) averaged $261,000. There are currently fourteen different customers; several have been there for over ten years while others are new relationships.

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Property Features and Assets:

Asking Price of $1,780,000 includes the property and facilities which are directly owned by the business.It is located in New Jersey and is a class 4B industrial / warehouse structure on a 4.51 acre lot area with 470 feet of street frontage. The buildings contain a total gross building area of 30,784 SF which consists of 3 separate but conjoined single-story wood frame structures on concrete floors. Two of the buildings, built in 1988, are each 10,000 square feet and the third, built in 1992, is 8,000 square feet. All three building are 16’ clear and there are 137 rack sections each 8’ wide. Each building is fully sprinklered (wet system) and electrical service consists of 3 phase service with 120/240/440 voltage with 600+ amp service. There is an on-site transformer. Recent improvements include:•New heating units recently installed in all of the buildings between 2016-2020.•New overhead doors installed in 2016 in all 3 buildings.•New man doors in all 3 buildings installed in 2016.•New water heater installed 2016.

Reason for Selling:

Retirement

Additional Details:

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