Hi All,

I am in the process of locking down a trucking deal with 57% being seller financed, but the submitted LOI is pending a soft commitment letter.

The business is just over a year and a half old and their main client is Amazon. The increase in business happened dramatically from March 2023 because the owner stated that they were only running 2 trucks in 2022 and 1 truck in the first quarter of 2023 and then increased their fleet to 15 trucks at the end of March 2023.

The first quarter of 2023 with one truck they produced $75,000 of gross income and about $21,500 net income with an average margin of 28%. Based on the last quarter with 15 active trucks the Gross of $1,737,500 and $475,000 Net quarterly.

The FF&E is valued at $1,835,000, and my goal is to get at around $1.3M with the rest of the deal being seller financed. I have the asset list and a detailed breakdown of the trucks with mileage and more.

I would like to lock this deal down with an ABL, and would greatly appreciate any help with finding a good contact. Please DM me for more information.

All the best,