This is a highly profitable trucking company in King County, WA. There are currently 20 truck drivers, and the company landed a long-term exclusive contract that gives the company enough work for 40 to 45 drivers. The company is expanding quickly and intelligently, and revenues in 2015 are estimated to be in the $3.7 to $4 million range - a dramatic increase from its 2014 revenues of $2.3 million. However, the company is still forced to turn down business and outsource some of the work just to keep up with the workload demanded by this exclusive contract. If the Acquirer of the business already has a fleet of trucks to fully take advantage of this exclusive contract from day one, the Acquirer can expect revenues in 2015 to be in the $5 to $5.8 million range. The asking price is not listed as Advantage Commercial Brokers prefers to let the market set the price. The owner is more than happy to hold onto the company, grow it from a "20 truck" company to a "45 truck" company, and fetch an even higher sale price for the company. However, the owner is interested in retirement. Given the right offer, the owner will sell the company now and let the Acquirer enjoy the considerable revenue and cash flow growth in the company's near future. Interested parties are required to sign a non-disclosure agreement and go through an interview process with Advantage Commercial Brokers prior to receiving the Confidential Business Review on this company.
This company is located in King County, WA. The company currently has a number of owner operator drivers (independent contractors), a handful of company drivers (employees), and an administrative staff consisting of 3 full-time employees and 1 part-time employee.
Competition / Market Pros & Cons
Over many years, the company has developed close relationships with its clients and earned an outstanding reputation in the Seattle trucking market. The company has been successful at landing major contracts over its competitors again and again. The current long-term, exclusive contract the company has with a major customer is a contract that many trucking companies dream of, and one that is virtually impossible to obtain except through an acquisition.
Growth and Expansion Pros & Cons
Given the bright outlook of the Company's future, the owner is not in any hurry to sell the Company quickly. In fact, the value of the Company will likely increase the longer the owner waits. Having that said, the owner is interested in transitioning to the next phase of his life. The key to a successful acquisition is recognizing the unique timing of this opportunity and taking advantage of the current market value of a "20 trucks" Company before it becomes a "45 trucks" Company in the near future.