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For Sale Logistics Company In Hudson County, New Jersey

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Contact: Steve Zimmerman at 650-823-6174, 650-823-6174 - Log In To Message/Email This Contact
Last Revised: 10/25/19. Posting #: 10249155
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Key Words: logisitics, trucking, shipping, hudson
Financial Info: Offered at $450,000. Revenue (2019 pro forma): $492,062, SDE (2019 pro forma): $232,263, Facility: 382 Square Feet, Rent: $1,076/month. Employees: 12 contractors – drivers, 2 Employees – dispatch/billing, 4 contractors – Back office. Parking: 15 spaces - $4,500/month.
Profile: Offered at $450,000

This is an excellent opportunity to acquire an established and growing independent logistics company agent.

This independent trucking company is an agent for a national logistics provider. There are minimal facility costs keeping the overhead very low. A small office space is leased on a month to month basis through June 2020, as are parking spaces for the equipment. All back-office functions, including marketing, bookings, and invoicing, are outsourced to a team in Southeast Asia. This business centers around port drayage. Port drayage is the term used when describing short hauls from ports and other areas to nearby locations. Drayage is a key aspect of the transfer of shipments to and from other means of transportation. Full container loads are picked up at the New Jersey and New York ports and transported to nearby warehouses for delivery by other carriers, to their ultimate destination by owner operator drivers. The equipment consists of tractors that are owned by the operators who are independent contractors. One chassis is owned and twelve are leased on a monthly basis by the company. The chassis leases currently run through December 2020.

This company operates under a license agreement with the parent company. The parent provides back end support including: Insurance, processing, and safety compliance. In return, they charge the agent a percentage of revenue for these services.

Revenue (2019 pro forma): $492,062
SDE (2019 pro forma):$232,263
Employees: 12 contractors – drivers, 2 Employees – dispatch/billing, 4 contractors – Back office

Facility: 382 sq. ft. Rent: $1,076/month
Parking: 15 spaces - $4,500/month

Professional Resources & Contacts To Help You Close Your Deal!

Contact: Kyle Griffith at 631-390-9650 X101, 631-339-0249 (Cell)   Log In To Message/Email This Contributor
Profile: Kyle Griffith is a Managing Partner of the NYBB Group. He represents business owners seeking to sell or grow their business via acquisitions. Kyle is a Certified Business Intermediary focusing on the HVAC & Plumbing, Trucking & Delivery and Distribution industries.
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Contact: Steve Zimmerman at 650-823-6174, 650-823-6174 (Cell)   Log In To Message/Email This Contributor
Profile: Steve brings to his clients a wide-ranging business background with a focus on providing the highest level of customer satisfaction. Steve’s experience includes work in mergers and acquisitions, as well as small business brokerage, finance, business development and sales and account management.
Key Words: steve zimmerman, transworld, transworld business advisors, business broker, roofing, contractor, tour, restaurant, fitness, logistics, warren, morris, bergen, union, hudson, middlesex
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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
Key Words: willard michlin, due-diligence, due diligence, michlin, kismet
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Contributor: Peter Siegel, MBA at 925-701-8064 X313   Log In To Message/Email This Contributor
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