Total of 18659 firms and businesses for sale today Monday 13th May 2024
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Sold. Specialty Transportation Group

LISTING DETAILS
Firms For Sale ID:
29160
Vendor reference:
STP1003
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
Undisclosed  
Turnover / revenue:
$5,690,000
Net profit / cashflow:
$448,000
Years established:
22
Number of employees:
25

OTHER DETAILS
Reason for selling:
Twofold: 1) The sale of this three-part company is part of the owner’s planned exit strategy and 2) The Company is poised for strong growth, but needs large company backing to really reach its full potential
Support and training:
Current management willing to remain indefinitely.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
This business for sale is a privately owned group of three specialty trucking divisions: Specialty Flatbed Trucking Company, Full-service Truck Repair, and a Transportation Brokerage. This Company operates in the transportation market with its revenue generated distributed relatively evenly amongst the three operating divisions.

Expansion Potential
The Company is well positioned to capitalize on its excellent industry reputation and the positive prospects forecast for the industry. The Company’s 22-year history of providing superior transportation services and trucking repair for its customers will be the key to its continued growth and success. Full-year 2012 revenue is projected at $5.5 million. This positive outlook is well supported by solid year-to-date May 2012 financial results and by strong relationships between company management and its largest customers.

Pro forma growth and profitability can be accelerated by the factors outlined below:

Increased marketing efforts: The Company’s modest sales and marketing efforts to date provide an outstanding opportunity for new management to effectively accelerate growth over a very short period. Investment in and development of an expanded sales staff to more effectively leverage a stellar reputation and turnkey capabilities would almost immediately accelerate sales growth beyond the levels presented herein.

Expand service capabilities: The maintenance operation has the opportunity to significantly increase business by offering road service to the broader market. The division presently only offers road service for existing customers. Offering this service would allow the division to potentially operate around the clock as current hours are limited to weekdays from 7am to 5pm. Additionally, the transportation division can expand its business by offering van freight services, which are more difficult than flatbed services, but very profitable.

Market / Competition / Non-Competition Agreements
The Company operates in a competitive and highly fragmented industry. Industry participants range from small “mom and pop” operations to significantly larger and better-capitalized companies with broader service capabilities and geographic reach. Within this competitive landscape, the Company has been able to effectively differentiate itself on a number of fronts - comprehensive capabilities, a proven long-term track record, and an uncompromising focus on client service. Moreover, due to a flat organizational structure, the Company prides itself on being highly responsive to customers.