Highly Profitable Trucking Company

Description

Trucking company for sale providing both long-haul and local transportation services. The business has operated across three generations and includes the underlying real estate as part of the transaction.

Business profile

• Long-haul transportation
• Local freight services
• Experienced driver and operations team
• Low employee turnover reported by the seller
• Updated fleet and equipment
• On-site mechanic
• Real estate included

Customers

The company serves an established group of customers, including relationships that have continued over multiple years.

Buyers should review revenue concentration, contract terms, lane dependence and the percentage of business generated by the largest accounts.

Fleet and equipment

The operation includes a mix of trailers suited to different cargo requirements. The seller describes the fleet as updated and maintained for current operations.

A complete fleet schedule should be reviewed showing tractors, trailers, mileage, model years, ownership, liens, maintenance history and replacement needs.

Maintenance

An on-site mechanic supports routine maintenance and repairs, allowing the company to handle part of its fleet service internally.

Buyers should review mechanic compensation, shop equipment, parts inventory and the division between in-house work and outside repair vendors.

Team

The company is represented as fully staffed, with an experienced workforce and relatively low turnover.

Continued employment of key drivers, dispatchers, mechanics and managers should be confirmed as part of the transition process.

Real estate

The underlying operating property is included in the sale. Buyers should evaluate the real estate separately, including title, market value, taxes, zoning, yard capacity, building condition and any environmental issues associated with truck maintenance or fuel storage.

Growth

• Add trucks and drivers where demand supports expansion
• Increase utilization of the existing fleet
• Develop additional dedicated customer accounts
• Expand local and regional routes
• Increase use of specialized trailer capacity

Due diligence

Buyers should verify historical financials, customer concentration, contracts, fleet ownership, vehicle condition, driver compensation, fuel expense, insurance, maintenance costs, accounts receivable and real estate value before closing.

Transportation diligence should also include DOT and FMCSA authority, safety records, driver qualification files, vehicle inspections, insurance claims and any hazardous-material requirements applicable to the cargo currently hauled.