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For Sale: Freight Company - Drayage Services, Est 37 Years - Los Angeles County, California

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Asking Price

  • Status: Active

  • Posting ID: 284824

  • 7/18/24

Los Angeles County Freight Company - Drayage Services, Est 37 Years Business For Sale

Description

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.

To get more information about this Freight Company - Drayage Services, Est 37 Years business for sale in Los Angeles County please phone Matt Manavi, CBB, CBI, M&AMI (Intermediary, Broker - BRE License #:02018229) at 714-923-1222 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #284824 on BizBen.com. In addition to phoning Matt Manavi, CBB, CBI, M&AMI, make sure you email Matt Manavi, CBB, CBI, M&AMI above to get more info about this Freight Company - Drayage Services, Est 37 Years, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02018229. Transworld Business Advisors of Orange.

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Contact

  1. Name: Matt Manavi, CBB, CBI, M&AMI
  2. phone iconPhone: 714-923-1222

Details

  1. Asking Price: Call/Email

  2. Down: Call/Email

  3. Cash Flow: $3,830,730.00

  4. Revenue:    $26,912,323.00

  1. Area: Los Angeles County

  2. City: None Given

  1. Attributes:

    Broker Cooperation

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