Looking for a buyer.
Since 1989, this business has provided high-quality climate-controlled logistics solutions. Along with their excellent and long-standing reputation, the purchase of this business comes with over $1.2M in assets. This skilled team consists of 28 total employees including 3 team leads, 13 long haul drivers, 4 local drivers, 6 warehouse workers, and 2 dispatchers which allows them to self-perform all driving, they do not use any outside contractors. These transportation services are focused in climate-controlled food deliveries with shipments ranging from###-###-#### ,000lbs, they also offer warehousing, but distribution makes up 90% of their annual revenue. The business has a 20,000 square feet location in Milwaukee WI, 18,800 of which is warehouse space and 1,200 is office space. Their client base is primarily food production companies that need product distributed to stores. 85% of their customers are repeat business. Both of the current owners are active in the business and a replacement or retainment salary has been accounted for in our cash flow analysis and financial information. One owner handles financials, sales, and pricing and the other handles overseeing the leasing, purchasing, and maintenance of equipment. One person could do both roles with the addition of an outside book keeper, however, to ensure a smooth transition, the seller has agreed to stay up to 3 years. Growth opportunities that new owners could pursue moving forward include building on current partnerships: increasing the amount of storage being utilized by these clients or transitioning clients from one side of business to taking advantage of both the warehousing and transportation services offered. Priced at $2,525,000 a down payment of $315,625 returns $334,858 in the first year after debt payments. The owners have offered 12.5% seller financing with purchase, we believe this shows good faith in the future of the business. This business is ready for new ownership to take over and continue the pattern of growth that has been enjoyed in recent years.

listing type
exclusive representation
Milwaukee, WI, USA
proposed price
owner financing
working capital
SBA eligibility
Accounts Receivable
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