* Included in Asking Price
With 35 employed drivers along with 20 other subcontracted drivers this hauling business is ready for its next load; boasting over $5 Million in Assets which includes brands such as Wilson, Merritt, International, Navistar, Arcos, Brenner, Timpte, and Transcraft are all included in the Purchase Price. With a diversified Sales of $3,475,087 for 2015 there are services of cattle, gluten, packing plants, grain, and wrecker services. Livestock and grain hauling is the main focus of this business however they are providing a range of services to allow diversification.
Servicing a concentration of Iowa and Nebraska they are also hauling coast to coast to 48 states. Truck transportation comprises almost 70% of all goods transporting in the United States. Currently operating out of the middle of the Heartland, this trucking company owns trailers of every size, from tandems to triples and seven axle combinations. Twelve live bottom trailers run 7 days a week, transporting grain, gluten and rock. Income derived from 40% cattle hauling and 60% feed transport.
For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.
Reason for Selling: Starting to plan retirement
Personnel: 2 Office Staff completing A/R, A/P, and scheduling; 30-40 W2 Drivers; and 20 1099 Drivers
History: Established in 2001
Support to Buyer: Willing to train for up to two years
Purchase Price: $5,250,000
10% Buyer Down Payment: $525,000
15% Seller Financing: $787,500
75% Bank Loan: $3,937,500
The bank loan needed would be fully collateralized with the business equipment described below.
Growth Opportunities: Enough equipment in place to support additional sales without needing to purchase more tractors or trailers (5 moth trucks)
Current Owner's Responsibilities: Scheduling and logistics
Service Area: Nebraska & Iowa concentration but hauls to 48 states coast to coast
Clients:Processing 50 to 75 invoices per month (40% cattle hauling & 60% feed transport)
Accounts Receivable: $123,778
Sales Breakdown (2014)
Cattle Loads: $637,381 (paid from Feeder/Rancher)
Packing Plants: $780,685
Grain Hauling: $69,868
Wrecker Service: $112,378
Profit Margin: 18%
Gluten Loads: $2,186,782
|Facilities:||Location: Northeast Nebraska (45 miles outside of Omaha) serving all 48 contiguous states|
|Growth Potential:||Enough equipment in place to support additional sales without needing to purchase more tractors or trailers (5 moth trucks)|
|Training/Support:||1 to 2 years, as desired by Buyer|
|Sale Reason:||Start of Retirement|
Seller Reference #AUT011
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