Warehousing And Transportation Services For Sale

Business description

The Company performed great in 2007 and is expected to exceed these results in 2008. This substantial regional warehousing, logistics, packaging and transportation services provider has been a steady performer since inception with ample capacity in its 306,000 square foot facility in Central Illinois.

The food grade facility is ideal to distribute dry packaged goods to the entire nation from its central United States location. Rural Illinois allows the Company to offer warehousing/packing rates and services that give its customers a competitive advantage.

The Company was established in 1983 with 90,500 square feet of space. In 1985, the Company expanded into value added packaging services such as kitting, shrink wrapping, light assembly, re-packing and quality assurance. In 1990, the Company built a 306,000 square foot facility, situated on 38 acres (most of which is leased for farm land), that includes the corporate offices and rail siding access. This facility has made the Company the preferred third party warehousing provider in the area.

The Company utilizes a state of the art RF warehouse management system that assures efficient and timely document preparation, accurate product and inventory data management, a full complement of reporting capabilities, and future system flexibility. This system tracks all component inventory in a kitting (pick, pack & ship) process, provides minimum/maximum reordering, and allows internet access so that the customer can check inventory levels and order status, real time 24/7.

The transportation management division provides a variety of services that allow the customer to move product by the most economic and efficient means available to ensure prompt, timely, cost-effective transportation services.

The rising trend of companies looking to outsource non-core operations in an effect to reduce costs and capital requirements has brought an increased demand for third party warehousing and distribution services. The Company has the location and logistics services that will attract more new customers, provided a new owner enhances the commitment to additional sales efforts. The current equipment, technology and facility are all in place to continue solid growth in its 2007 revenues of approximately $5 million. EBITDA is expected to approach $1 million again in 2008. Excess land allows for the ability to add another identical building along the rail spur.

The current management team is led by a talented group that report periodically to the out of state ownership group. A real estate investor is committed to a sale/leaseback transaction for interested parties that only want to acquire the business.

Property information

Location:

306,000 square feet food grade warehouse on 38 acers

Other information

Support & training:

Excellent management team in place and willing to stay

Reasons for selling:

Owner has other non related business interests

Contact the seller