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| Leading Transportation Logistics Provider |
| Type: |
Location:
East Coast, USA |
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Asking Price: |
$3,250,000 |
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Down: |
$2,500,000 |
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Adj Net: |
$600,000 |
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Annual Receipts: |
$2,800,000 |
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Listing ID#: |
GRANDMI001-N380 |
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Reason For Sale: |
Relocation |
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| Contact Sunbelt West Michigan at 616.285.8121 |
Description
This perennial top ten performing franchise of a highly rated franchisor provides transportation services for both small package shipments (international, overnight and ground) as well as third party logistic services for its customers' international and domestic LTL freight needs.
The business serves companies of all sizes across a wide array of industries. By all standards (revenues, profits, cash flow, growth rate, franchise honors, employee satisfaction, customer satisfaction, etc.) this five year old business has been a huge success.
The managing partner and his passive investors are so thrilled with the success of their current franchises that the group has purchased franchise rights in a major West Coast city with the goal of duplicating their East Coast success. The managing partner has already relocated to the West Coast so the business is currently truly being managed on an absentee basis. The group wants to find a qualified successor for this terrific business as they follow their corporate plan of buying undeveloped territories, building them up to a high six figure cash flow and then selling them.
Located in attractive offices in a major East Coast market, this business (with six full time employees) is tracking for record revenues of $3.0 million in 2008 with an impressive $600,000 annualized cash flow.
This business enjoys all the advantages of a transportation company with hundreds of customers active literally on a daily basis, but importantly the franchise is not asset based; i.e. there are no trucks, tractors, trailers, and/or warehouses, which require significant capital to support. The business operates with dozens of carrier partnerships with companies such as DHL, UPS Freight, Roadway Express, Schenker/BAX Global and USF Holland, to name a few.
Despite the company's strong history of growth and outstanding cash flow, it has literally just scratched the surface of the LTL component of the business, which based on franchisor forecasts and the company's recent push in this area could add at least $500,000 in 2009 revenues without adding any additional fixed cost.
The franchisor's business model has been a real winner and the franchisor has received any number of industry awards and lots of recognition within both the franchising and transportation communities. This web-based transportation company franchise is being offered at $3.25 million, and to help qualified buyers, the seller will carry a meaningful seller note. For more information on this outstanding business opportunity, please contact Sunbelt West Michigan at 616-285-8121.
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