For Sale: Third-Party Logistics Service Provider 3PL - San Francisco-San Jose Metro

Current Status: Active     Posting #: 265275     Last Refreshed: 5/3/21    
Assembly, Logistics, Warehousing, Distribution, Fulfillment, Delivery, RMA Service Provider.

This northern California enterprise is a fully-vertically-integrated 3rd Party Logistics (3PL) service provider, in business for almost 15 years. They own and operate all aspects of the logistics, warehousing, distribution, fulfillment, and RMA work in one seamless operation. The knowledgeable, experienced, professional staff can handle any specific logistical requirements for a broad spectrum of commercial customers. They are available 24/7/365, for large or small, short- or long-term, simple or complex 3PL projects.

Services include:

Logistics & Customs Clearing -- Local, IntraState, InterState | LTL/FTL | B2B/B2C Delivery | Expedited Courier Service

Warehousing -- 60,000+ sq. ft. of Warehouse & Racks | Inventory Management | Supply Chain Management | Online Tracking

Order Fulfillment -- Assembling | Packaging | Distributing

RMA (Return Merchandise Administration) -- Green Technology | Solar & Wind | Electronics | Consumer Goods | Semiconductors | Power Supplies | Medical Equipment.

Clientele include:
Electronics | I.T./Data Centers | Solar & Wind | Construction Materials | Automotive Supplies | Printing & Packaging | Medical Equipment | Garment Industry | Medical Labs | Consumer Goods.

Benefits provided:
Minimize Inventory Errors & Losses | Minimize Costs and Time | Maximize Efficiency & Profit Margin | Knowledge, Reliability, & Trust | Best Price & Services

Typically, sales exceed $2,000,000 annually, with typical annual Seller's Discretionary Earnings ('SDE') of approximately $520,000 to $550,000. With the Covid-19 economic crisis, the company saw a decline in sales for 2020 of just 7.7% and a decline of SDE of only 5.5% to $520,000. This is a remarkably low decline when compared to so many businesses in general and demonstrates the company's resilience and sustainability. Sales have now returned to pre-Covid levels.

The company does no proactive marketing all growth is organic by word-of-mouth and referrals. The business website has not been updated lately, the seller leaving that to the new owner. With additional marketing, an updated website, and increased SEO, the company will realize significant growth in this new age of distribution management.

The company employs 7 full-time (including the owner) and 5 part-time staff members, working in a rented 46,000 square feet warehouse. At present, there is an additional warehouse (approximately 20,000 sq ft) that the company will move out of by the end of November and relocate to another facility nearby. The total rental expense (occupancy and operations) was $746,000 in 2020.

The asking price for the business is $2,000,000, approximately 1X typical annual sales and approximately 4X SDE.

The transaction will be the sale and purchase of ALL the tangible and intangible assets of the business, except for accounts receivable, cash-on-hand, rent deposit, and corporate entity. This will include but is not limited to business name(s) and logo(s), proprietary systems and procedures, website(s), phone number(s), email address(es), customer and supplier records and information, and warehouse furniture, fixtures, and equipment ('FFE'), racks, shelving, pallet jack(s), forklift(s), and corporation-owned commercial vehicles. A detailed list of FF&E will be provided upon discussion with the seller. The seller will also retain and be liable for all accounts payable and notes payable at the time of Closing.

Exclusive Broker: Timothy Cunha, Calif. DRE#01919755.

More detailed data and the identity and location of the business are available upon signing the broker's standard NDA/Confidentiality Agreement.

Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of appropriate qualified professionals prior to purchasing the Business.