Business To Buy
Regional Flatbed Carrier |
| , ---Rocky Mountains |
| This transportation leader supports large industrial companies as an outsourced provider for regional, not long-haul, hauling. This flatbed carrier can haul just about anything that can be strapped down. The company trucks throughout the Northwest and south to Utah and Wyoming, east to Montana and north to Alberta, BC, Canada. With a dedicated and large customer base of between 60 and 70 active shippers, it has consistently been recognized as a preferred hauler, currently serving as either the #1 or #2 hauler for several large, national industrial customers.The company operates a fleet that is in A+ condition with top-of-the-line specs. Each truck currently averages 90,000 miles per year, and each is replaced every three to four years. With full utilization, the company targets to operate each truck at up to 120,000 miles per year. Both compare favorably to industry norms of about 65,000 miles per year. Its matched fleet of trucks and trailers are mostly still under drive-train warranty. It has negotiated advantageous agreements with Peterbilt for its fleet as well as discount pricing with its national tire accounts of Michelin and Continental Tire. Special fuel pricing has been negotiated with its primary suppliers of Pilot and Gran-del Oil. An aggressive service and repair program is supported by extensive maintenance records. All services on small and large components are up to date, and all motors are sampled at every service with oil analysis. All motor repairs are performed only by the engine manufacturer. It operates a fully equipped parts room and service truck as well as its own tire service. All trucks are washed weekly in the company’s new wash bay. The company has upgraded to wide-base tires for increased fuel economy generating savings of between $60 thousand to $70 thousand annually. |
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Financials |
| Price: $3,175,000 |
| Gross Income: $7,021,000 |
| Cash Flow: $623,000 |
| FFE: $4,817,000 |
| Inventory: $0 |
| Real Estate Value: $600,000 |
About the Business |
| Office Reference ID: #50062 |
| Year Established: 1997 |
| Financing: partial seller financing available |
| Training: Owner willing to train successor |
| Facilities: The company’s headquarters and operations are based in an ideal location just one-half mile from the interstate. The facility is in A+ condition and includes an 80 X 50 foot building, and a new 1,100 X 60 foot tire center. With recent expansion, the operation includes a new wash bay and additional ground for fleet parking. The company’s fleet consists of 28 trucks ranging in age from one to 10 years, and 34 trailers ranging in age from two years to 14 years, with unique top-of-the-line specs in A+ condition with asset value of nearly $4 million. |
| Competition: This company is a regional and national leader in its operations as measured by customer scorecards. As with the largest carriers, this company has invested in sophisticated transportation technology for tracking, education and rewarding drivers, relying on VPS and @ Road Mobile Resource Management software. With substantial industry capacity removed with the recent economic contraction, this business is already benefiting from the recovery with full utilization of its fleet of 28 trucks. Full utilization yields close to $6 million in revenues and more than $1 million in EBITDA over 12-months. |
| Growth: Revenues were up 20% in Q1 2011 with growth in both outsourced hauling and brokerage groups. Major inputs and expenses for effective cash flow management are drivers, diesel fuel and repairs. With the recent economic pressures, there has been substantial capacity removed from the industry, creating immediate opportunity for increased market share and profitable revenue growth with a preferred regional carrier. This company already compares favorably to benchmarks such as average annual revenue per employee and vehicle-based direct costs per mile. |
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| Business Listed By |
| Name: Meg Carlson |
| Company: Carlson Hall, dba The C&H Group |
| Phone: 2088530991 |
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Regional Flatbed Carrier |
|
---Rocky Mountains |
$3,175,000 |
$623,000 |
|
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