NOT DISCLOSED, New York
| Asking Price |
$2,500,000 |
Year Established |
1984 |
|
| Annual Revenue |
$2,000,000 |
Reason for Selling |
Retirement from Ownership. |
|
| Annual P/L |
|
Attention |
Raymond Saleeby |
|
| Annual Cash Flow |
$1,292,000 |
Listing Number |
594330 |
|
| # of Employees |
10 |
Business Category |
Services: Transportation - Trucking, Rail, Transit |
|
Business Overview:
This business offering is for a vital trucking company located in New Your City near JFK Airport and in NJ.. It has been in business for 38 years with an extensive list of repeat clients. The company provided air and ocean import/export trucking services and storage in the Tri-State area and had a fully equipped warehouse.
Today, while it maintains air transport relationships, now focuses on ocean freight. They continue to be bonded. Their experienced ocean team manages containers coming out of the piers in New Jersey and delivers them to their destination.
The skilled team works well with their clients to ensure that shipments are picked up as quickly and delivered to their destinations on time. As a fully licensed bonded container freight company, importers and shippers are advantaged to have their cargo transported pending customs clearance until it reaches its bonded warehouse facility.
Property Features and Assets:
<p><br />10,000 sq ft parking and storage. Fifteen (15) Chassis Well-Maintained Trucks: 3 Volvo tractors and 4 Macks Fully compliant with Electronic Logging Device DOT requirements Ten (8) employees, including six drivers 2021 COVID Revenue $1,270,263. 2022 $1.8 million revenue $650K NI but Adj CF $1,292,000 2023 Sales $1.1 million, Adj CF $400K If two positions removed Adj CF $516K Trucks and other Assets estimated $420 K</p>
Market Competition and Expansion:
<p>The owner has developed sustaining relationships with numerous (25+) shippers serving as ongoing clients. He has a passion for service and client satisfaction. He has focused heavily on addressing client expectations resulting in the thriving business it sustains. While his reason for selling after 38 years is Retirement, he is willing to stay on-board to further grow</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity