Very Profitable Freight Company Serving Southern California

Listing Number: 51951-392933

Description

In Contract
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

• Price: $13,000,000
• Down Payment: $3,900,000
• Sellers Discretionary Earnings: $3,034,035
• Total Sales: $23,897,779
• Location: Los Angeles County, California


• Inventory: $0
• FF&E: $0
• Employees:
• Reason for Selling: Retirement
• Category: Transportation