Thursday, 5 October 2017

Freight Delivery Company, Midwest USA


Business Description:
Established in 1987, this freight delivery company is supported by a base of 35 full-time drivers, 5 part-time drivers and 13 full-time administrative, sales and warehouse employees.

Distribution:
The Company has 2 locations. One of them is in Virginia with 16,000 square feet warehousing space, 48 loading docks along 3 sides of access doors. Parking is available for 75 trucks. The Ohio location is a leased facility and is approximately 32,000 square feet of warehousing space.

The Company’s primary customers are in the transportation business which accounts for approximately 80% of revenues with manufacturing constituting the remaining 20%. They also have contracts for mail deliveries in Ohio which accounted for 35%, and in Virginia, accounted for 24% of 2016 revenues.

Operational Strengths:
The Company provides warehouse and cross-docking services, fleet staffing services and less-than-load (LTL) services.

The Transaction:
The owner would be willing to stay for 6 months to train and ensure a smooth transition. All offers will be considered.

Financial Summary

2017 Est by Seller
2016
2015
Revenue
$6.45 mil.
$6.40 mil.
$6.54 mil.
Adjusted EBITDA
$ 404k
$ 400k
$399k

Other Highlights
Location
Financials
Management Team in Place
Years in Business
SIC Classification
Midwest
Compiled
Yes
33
4213

Direct All Inquiries to:
                                                      Gottesman Company            
Refer to:  S-2747-6 SJE
Tel: 212-330-8010     Fax: 646-434-4557

E-mail: office@gottesman-company.com