Founded in 1960, this family-owned, Midwest based specialized trucking company has evolved over the years and proven it knows how to succeed and win.
The company specializes in food product transportation with highly trained and experienced drivers, a full management team with over 100 years’ experience, and operating systems in place, including a recent system upgrade. The company has built a great reputation and relationship with customers and industry partners that has resulted in repeat business and multiple year contracts. Today the company operates ~40 trucks and trailers, transporting to 48 states and Canada.
Coming out of COVID where they operated as an essential service, the company has experienced growth in Revenue from $7.9M to $8.3M, and Seller Discretionary Cash Flow (SDCF) from $1.0M to $1.2M, proving they know how to operate in challenging times and still deliver on the top and bottom line.
The leased facilities include offices, mechanics shop, wash bays, a large warehouse, drivers lounge and a storage building.
List price is based on average SDCF over the past four years of $1.1M, plus trucks, trailers and equipment with a fair market value of $6.7M. Replacement cost on the fixed assets would greatly exceed this value.
This is an excellent opportunity to purchase a business with a long track record and reliable client base which translates to a very profitable business.
Contact Jerry Pape for more information at 402-201-8708 or [email protected].