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Santa Fe Springs, Los Angeles County, California
Asking Price
$1,250,000
Revenue
$1,543,789
Down
N/A
Cash Flow
$421,522
Name: Alex Beringer
Phone: Show phone number
Name
Alex Beringer
Phone
Show phone number
Posting ID:
286981
Business Category:
Service, Automotive & Vehicle, Transportation
Business Types:
Delivery Service
Trucking Service
Route Sales & Service
Keywords:
fedex, route, routes, delivery, trucking, santa fe springs, los angeles county, california
Attributes:
Home Based
Training And Support
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Santa Fe Springs, California
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Pomona, California
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Call/Email
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This well-established freight company provides drayage services from the ports of Los Angeles and Long Beach to warehouses in Southern California. The company was established over 37 years ago and has over 130 customers in diverse industries. The company uses a hybrid brokerage business model in offering lease-to-own trucks to the carriers/contractors. The company works with 105 drivers and has 43 leased-to-own trucks. The company has about 26 full-time and one part-time employee. The company leases multiple locations for storage. Revenue: 2019: ~ $26.1 million 2020: ~ $24.2 million 2021: ~ $33.8 million 2022: ~ $36.1 million 2023: ~ $20 million (Jan-Oct) Adjusted EBITDA: 2019: ~ $3.8 million 2020: ~ $3.5 million 2021: ~ $5.9 million 2022: ~ $5.9 million 2023: ~ $2.3 million (Jan-Oct) Please send your inquiries to mmanavi@tworld.com indicating your interest. We will email you a blind teaser upon request. If there is an interest, we will discuss the next step. We are offering this acquisition through a controlled auction process.

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* The total size is approximately 4,500 sf, and business hours are from 8:00 AM to 6:00 PM, closed on Sundays. Current rent is $10,506 per month, with annual increases tied to CPI but capped at 5%. The lease is renewed annually, and the security deposit is equivalent to one month’s rent. * The current owner has operated the shop since 1999 and is now selling due to retirement. There are no employees, and the owner works full-time by himself. Monthly gross sales average $18,000, with net income around $6,983. * One key advantage is the stable rent structure. Out of the total rent of $10,506, the owner’s actual burden is only about $1,976 after receiving $8,530 in sublease income. Within the same building, the owner uses only 1.5 of the 4 service bays and subleases the remaining space. In addition, part of the adjacent building is also subleased, generating extra income. * The sale includes equipment such as two hoists (7,000kg), one compressor, two smoke check machines, one tire machine, and one tire balance machine. * The shop is equipped to provide a wide range of services, from basic maintenance such as oil and filter changes, brake service, tire rotation and balancing, battery checks, and fluid inspections, to more advanced repairs including engine, electrical systems, A/C, and heating. Routine services such as spark plug and belt replacement, wheel alignment, and fuel system cleaning are also available. * This is a retirement sale offering a strong opportunity with a stable sublease structure and a long, successful operating history. ^^

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