SOLD-High Net New England Logistics Company for Sale

SOLD ‘Q2 2022

High Net New England Logistics Company for Sale

Boston (Suffolk County)

Asking Price: $1,300,000

Cash Flow: $378,000

Gross Revenue: $1,850,000

EBITDA: N/A

FF&E: $150,000

Inventory: $0

Established: 2003

Employees: 13

Business Description

The Company services all transportation and logistics needs for the Boston/New England area from full service to augmentation of existing capability. Common pain points addressed are customers who want to ship into/from the New England area without a presence, and customers who need additional logistical capabilities on demand. Throughout COVID, warehouse and trucking services have remained in high demand.

The Company focuses on quality operations, and the team is accustomed to conducting root cause analysis when there is mission failure, and a culture of “once is a lesson and twice is a mistake”. This cultural flywheel has been a powerful tool in helping the company launch new lines of business over the past two decades.
Having shipped goods all across the world, the Seller would like to see some of those locations and find a nice summer home to retire in. NDA required {SUBMIT BELOW} to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Facilities:

13,000 sq ft facility space with warehouse and offices, great location near the airport. Lease extends through 2023. Rent is approx. $21,000 per month.

Competition:

There are a number of local competitors in the space, but none have a better location or capacity as an expedited courier. The Company is well positioned to serve a growing market in their area, and is already servicing these specialty clients.

Growth & Expansion:

Add a sales team and develop additional clients in this well funded, price insensitive client industry. Additional service capacity is reliably sourced through reliable independent contractors.

Financing:

The Seller is not offering any financing, but the business may be eligible for an SBA loan.
Support & Training:

The Seller is very interested in the long term success of the business and is willing to assist and support the new owner to that end.

Reason for Selling:

Ready to retire and find a home where it doesn’t snow in the winter.