Freight Transportation

Since opening in September of 2000 this freight company has grown an average of 8.3% in the past 3 years for a total of 68.4% since inception. They provide local and long distance pick-up, delivery and expedited services, crating, repackaging and small warehousing. Their clients include OEM, tier 1 and 2 and local automotive suppliers, as well as State and Federal Government Agencies primarily in the Midwest and Canada. Their success is attributable to hard work, excellent customer service and competitive pricing. They are a certified minority supplier in several categories.

Facilities: The vehicle fleet includes one cargo vans, one 24 ft. straight truck, one 26 ft. straight truck and six owner/operator agreements with cargo vans and straight truck owners. A second cargo van will be replaced from an insurance settlement. Seller expects the buyer to assume the lease payments for some of these vehicles. Additional equipment includes warehouse storage racks, a forklift, a pallet jack, a power washer, 3 computer workstations and misc. office equipment. The 5,000 sq. ft. facility is leased until 2/28/2009 at $2,600 a month.

Competition: According to 1999 US Statistics, transportation is the 5th most profitable and fastest growing industry. Their market niche is secured because they are one of only a few minority owned companies in their market. Direct competitors are numerous but so are business opportunities for those who have a proven track record. The company enjoys repeat business from a very loyal customer base.

Growth/Expansion: Market growth should remain steady since freight transportation is a basic necessity for manufacturing and distribution companies. Pricing must remain competitive to maintain the current client base. The company current has 6 major fortune 100 clients. There is room to grow those clients and focus on adding new clients. The owner lacks the capital required to take the company to the next step. A buyer with more funding will find numerous opportunities.

Financing: None available

Support/Training: Family members are actively involved in the business in various capacities. They are willing to train the new buyer for a minimum of 80 hours and would like to remain with the business under negotiated terms.

Reason Selling: Growth needs additional resources