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Available for acquisition is a Southern California trucking and rigging company comprised of two entities. The Company, established in 1979, provides trucking services to customers throughout the U.S., with service to Canada and Mexico. The second entity, incorporated in 1981, is an interstate motor carrier.
• The Company has a reputation for its outstanding service and safety record providing trucking and machinery moving for more than 1500 customers in the manufacturing industry. As a result of exceptional service, many customer relationships have existed more than 25 years. The owners estimate 90% repeat business.
• Revenue is generated from three sources: Nationwide and local trucking, local rigging, and harbor service to handle import and export freight at the ports of Los Angeles.
• Terminal is 22,000 sq. ft. with an overhead crane on 2.78 acres of yard for outside storage and truck parking. There is an adjoining .25-acre parcel with a residence.
• Equipment: The Company has an asset base of tractors, trailers, forklifts, rigging gear and tools. Estimated value $1.2 million.
• Personnel: The Company has long-term employees, including administrative managers, class A drivers, and highly skilled machinery movers to handle the daily operations for a successful transition to new owners.
Income and Adjusted EBITDA:
Sales in 2020 were $4 million with owners’ cash flow of $137k. Sales for the base year 2021 are projected to reach $4.5 million, an 11.6% increase over 2020. Management based its forecast on preliminary interim results of $1.1 million through Q1 2021, combined with an uptick in transportation inquiries from new and existing customers.
An investment “asking price” has not been established. The Company’s position in the market with its successful business history, as well as sales growth, will lead to different value perspectives among various investors. Parties interested in learning more about this business will be required to sign a confidentiality agreement to receive additional information.
The Property is priced at $5,100,000
The Sellers will offer 2 options to Buyers.
Buyers can purchase the business and the commercial property.
Buyers can purchase only the business and relocate
Real Property Included
22,000 sq ft
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