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Very Profitable Freight Company Serving Southern California

Listing Number: 51951-392933

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Listing Details

Very Profitable Freight Company Serving Southern California
Price: $11,000,000
Location: Los Angeles County, California
  • Down Payment: $4,000,000
  • Sales: $23,305,000
  • Seller's Discretionary Earnings: $2,154,000
  • Inventory: $0
  • Furniture, Fixtures, and Equipment: $0
  • Employees:
  • Year Established:
  • Reason for Selling: Retirement

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Business Listed By
Mahdad (Matt) Manavi
(714) 923-1222 700[email protected]
License # DRE 02018229
View My Listings
CBI
IBBA
President's Club
M&AMI
CMAP

Business Description

                   

This well-established freight company provides drayage service from the ports of Los Angeles and Long Beach to warehouses in Southern California. The company was established over 39 years ago and has over 130 customers in diverse industries with no customer concentration. The company uses a hybrid brokerage business model to offer lease-to-own trucks to independent motor carriers. The company works with 100 drivers and has about 38 leased-to-own trucks. The company has W-2 employees supporting the dispatch, accounting, and customer care groups. The company leases multiple locations for storage.

Revenue | Seller Discretionary Earnings (SDE)
2019: ~ $26.1 million | ~ $4.1 million
2020: ~ $24.2 million | ~ $3.8 million
2021: ~ $33.8 million | ~ $6.2 million (due to the Pandemic)
2022: ~ $36.1 million | ~ $6.2 million (due to the Pandemic)
2023: ~ $23.9 million | ~ $3.0 million
2024: ~ $25.8 million | ~ $3.4 million
2025: ~ $23.3 million | ~ $2.2 million (due to the US-imposed tariffs)

Please send your inquiries to [email protected] to indicate your interest. We are collecting LOIs.