* Included in Asking Price
This independent trucking company has developed a flexible business model that allows profitability in almost any market. In fact, the company has produced record revenues and profits during the current COVID-19 pandemic. This recession-resistant, essential company has built a great team that provides safe, on-time deliveries with a standard of customer service that redefines the trucking industry nationwide while doing their part of maintaining the quality of the environment.
Sunbelt Business Brokers of Dallas Metro and Bill Nicholson present this excellent opportunity to own an established trucking company in the Southwest USA which has built a flexible and sustainable business model. This asset-based trucking company is well-positioned for continued growth for a new business owner - either absentee or owner/operator.
Note that the buyer for this business needs to know that the trucking business requires skill, ingenuity, energy and keeping up on federal & state rules and regulations. Note that there are specific permits required in addition to licenses.
|Competition:||As the economy strengthens, growth in the manufacturing, retail, and construction sectors are boosting demand for transportation services. Truck tonnage hauled rose 6.6% in 2018, posting the largest gain since 1998, according to the American Trucking Association. Trucking companies are an integral part of the supply chain, transporting inventories ranging from raw materials to finished products. Having cut costs and reduced capacity to survive the past recession, companies are more efficient and well-poised to operate more profitability with rising demand.
Trucking companies are again investing in new trucks as the economy strengthens and freight demand rises. During the past recession, fleets reduced their size to accommodate lower demand for freight services and they minimized large capital purchases. However, the industry was approaching full capacity at the beginning of 2018. New tax laws adopted at the start of 2018 helped by allowing firms to retain more cash to purchase trucks and equipment. Truck manufacturers received orders for 482,000 Class 8 semi-tractors in 2018, a record number, according to ACT Research.|
|Growth Potential:||Significant growth opportunities can come from purchasing additional trucks to service the companyâ€™s current customers and possibly to buy the companyâ€™s operating facilities rather than continue leasing to increase profitability. Finally, a social media marketing strategy to develop additional customers to continue growing top line revenues.|
|Training/Support:||Current owners willing stay on for 30 days to provide training to ensure a smooth transition.|
|Sale Reason:||Owners are looking to focus on other business opportunities.|
Seller Reference #DALLATX004-N26
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