Very Profitable Freight Company Serving Southern California

Description

This well-established freight company provides drayage services from the ports of Los Angeles and Long Beach to warehouses in Southern California. The company was established over 37 years ago and has over 130 customers in diverse industries. The company uses a hybrid brokerage business model in offering lease-to-own trucks to the carriers/contractors. The company works with 105 drivers and has 43 leased-to-own trucks. The company has about 26 full-time and one part-time employee. The company leases multiple locations for storage. Revenue: 2019: ~ $26.1 million 2020: ~ $24.2 million 2021: ~ $33.8 million 2022: ~ $36.1 million 2023: ~ $23.9 million Adjusted EBITDA: 2019: ~ $3.9 million 2020: ~ $3.5 million 2021: ~ $5.9 million 2022: ~ $5.9 million 2023: ~ $2.8 million Seller Discretionary Earnings (SDE): 2019: ~ $4.1 million 2020: ~ $3.8 million 2021: ~ $6.2 million 2022: ~ $6.2 million 2023: ~ $3.0 million Please send your inquiries to mmanavi@tworld.com indicating your interest. We are collecting LOIs.

Listing Details

• Listing Number: 51951-392933
• Location: Los Angeles County, California
• Price: 13,000,000.00
• Down Payment: 3,900,000.00
• Sellers Discretionary Earnings: 3,034,035.00
• Category: Transportation


• Inventory: 0.00
• FF&E: 0.00
• Employees:
• Years Owned:
• Reason for Selling: Retirement