Freight & Cargo Transport from Ocean Port: Short Haul

Long Beach, California

Business Summary: The majority of products being transported are housewares and household cleaning products. The hauling of freight from an ocean port to a warehouse, also described as transporting goods over short distances (aka the first mile), or Port Drayage. They boast an incredible 85% repeat client base, which is made up primarily of manufacturers. Due to the staff in place, the owner is part time and has little client interaction and handles general oversight of the team. Their team is made up of 50+ employees, including 1 Operations Manager, 1 Sales Director, 1 Fleet Manager, 1 HR & Recruiting, 3 Accounting, 1 Leasing Manager, 2 Dispatchers, 2 Customer Service Reps, 30 Drivers, and Mechanics. The goal is to find a strategic buyer who can handle the impressive growth the company is seeing. To ensure a successful transition, the owner is willing to stay on board for 3-5 years post-close.This business has a very low CapEx due to the California ARB grant money! As a show of good faith and vested interest in the business, the owner is open to finance or roll equity of 20% of the purchase price! Priced at $9,825,000 this business has a well-established team and chain of command for a new owner to easily step into. This acquisition opportunity also comes with enough stability and a long enough transition period for new ownership to implement different growth opportunities like an active marketing schedule or focused outside sales tactics to expand the current client base via referrals or cold contacts for even further growth.
Year Business was Established: 2012
Number of Employees: 50+
Owner willing to finance: 20% Seller Financing and/ or Equity Roll $1,965,000 80% Buyer and Lending $7,860,000
Owner willing to train: 3-5 years
Reason for selling: Strategic Buyer who can handle the growth.