Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Transportation Company – Brokerage And Vehicles
LISTING DETAILS
Firms For Sale ID:
26783
Vendor reference:
2147
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed
Turnover / revenue:
$10,300,000
Net profit / cashflow:
$884,055
Years established:
11
Number of employees:
55
OTHER DETAILS
Support and training:
Led by the operations manager, the company’s management team would like to remain active in the business following acquisition.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
This business for sale is a growing transportation business for sale in Minnesota. The firm is focused on road and commercial construction needs, specializing in the movement of aggregate and other construction materials in the Upper Midwest. Estimated 2012 sales of $11MM; in excess of 8 percent EBITDA margins. The customer base is comprised primarily by road construction contractors, municipalities and construction-related contractors. Woman-owned business designation opens some doors but is not a significant factor. The company’s management team would like to remain active in the business following acquisition. Significant opportunities exist for margin improvement.
Expansion Potential
A strong operating history bolstered by excellent customer service, highly dedicated owner-operators, and high-quality transportation equipment have resulted in strong name recognition and a high rate of repeat business. Given appropriate investments by better-capitalized ownership, there are compelling opportunities to increase business well beyond current levels.