Description
Virtual Freight Broker with over $1.6MM Net!
Virtual/Nashville, TN
Seller Financing Available if the price and deal structure is right
Asking Price: Competitive Auction Format
Cash Flow: $1,603,446.03
Gross Revenue: $7,729,790.17 Jan 1-Nov 3, 2021 (Recast)
EBITDA: N/A
FF&E: NA
Inventory: NA
Established: 2004
Employees: 5
Business Description
The Freight Broker service the Company offers to Clients can best be described as is a blend of old school relationships and advanced technological offerings which ease the way goods are being transferred.
With a nation-wide deficit of truck drivers estimated at 80,000 and counting, relationships with carriers, especially owner-operators, are paramount to success in this business.
The Company possesses thousands of these valuable carrier relationships that have been built over the span of nearly twenty years in business that can quite simply “deliver the goods” like few can. NDA is required {SUBMIT BELOW} to secure Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
• 2004 the business was established as a sole proprietorship
• 2014 the business was registered as a Tennessee Limited Liability Company
• Non-compete: spend more time on other business interests
• $6,227,086.73 in Revenue in 2020 (Recast)
• $1,196,216.09 Net Income in 2020 (Recast)
• $7,729,790.17 in Revenue in January 1-November 3, 2021 (Recast)
• $1,603,446.03 in Net Income in January 1-November 3, 2021 (Recast)
• $2MM+ Net Income expected for the full year 2021
No LLC: began November, 2013
Non-compete: spend more time with family and on other business interests
$1,517, 064.29 in sales in 2020
$898,419.28 Cost of Goods Sold
$375,376.26 Net Operating Income
3,360 Sq. Ft. Job Shop
• Monthly lease: business is run entirely virtually of $1050: would increase, but 5-10 years term available (family member)
• 13 weeks and 360 hours – Negotiable period of training/transition consulting at no cost
• Negotiable – 3 year non-compete, 70 mile radius
Financing:
TBD if structure and terms are acceptable.
Support & Training:
As needed – specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason for Selling:
Other business interests
ProNova Partners Buyer Profile & NDA
***RED STARS ARE REQUIRED FIELDS***
This information is required and must be filled in completely before the Seller will release any vital information, including business address, financial due diligence package on file, and other sensitive confidential information.
It will also be used by ProNova Partners to match your buyer profile with future similar engagements our firm has for sale.
* Required
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