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Trucking Company

Harris County, Texas
Transportation and storage
Company Data
Price
$14.9M
10%
Revenue
$35.4M
Top 10%
Profit
$3.6M
4X
Business Overview
About the Company
Fantastic Buy - REDUCED PRICE! This is a 14-year-old national general freight hauler based in Houston, Texas. The price includes all assets including A/R, trucks and trailers. Terminal with office on 4 fenced acres is available for lease, or purchase for $3m. The company works with some of the largest logistics platforms to haul partial and full loads coast-to-coast. The owner is laser-focused on attracting and retaining the highest quality staff possible. Practicing the highest quality employee relations and customer service, they have experienced revenue growth and very little turnover compared to industry average. The company operates from a terminal on 4.2 acres of land in an industrial area in south Texas. There is plenty of land for 18-wheelers to enter and exit as well as park overnight or wait on repairs. There is an office building, a 6,000 sq. ft. service center, a driver lounge and an outdoor eating area for staff. The terminal can be leased or purchased from the owner. This is a hybrid business model utilizing owner-operators, company employees as drivers of company-owned trucks, as well as independent operators that lease-to-purchase their trucks financed by the company. The company does however own all the trailers and rents them for $300 per week to owner-operators on a weekly basis. The company only contracts with fully trained and experienced CDL licensed drivers. They maintain a 100% perfect safety performance and compliance score. This company is extremely caring with their staff and drivers and therefore have no driver shortage problems. The Service Manager is a long-term employee and will remain with the company after the sale. The Safety Manager is a long-term employee and will remain with the company as well. The Dispatch staff and Business Manager are long term employees and will remain on board. ***The financial results listed are the average of four years, including projected yearend 2023. The owners are ready to sell the company and retire, but this company will continue to operate normally under new ownership. Current owners will be happy to remain on board for a transitional period.
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