Growing Independent Logistics Agent

Listing Number: 6301-431691

Listing Details

Growing Independent Logistics Agent
Price: $975,000
Location: Hudson County, New Jersey
  • Down Payment: $800,000
  • Sales: $3,281,064
  • Seller's Discretionary Earnings: $268,453
  • Inventory: $0
  • Furniture, Fixtures, and Equipment: $0
  • Employees:
  • Year Established:
  • Reason for Selling: Consolidating Businesses

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For More Information About This Listing
Marc Lazarus
CBI

Business Description

This independent trucking company is an agent for a national logistics provider. There are minimal facility costs keeping the overhead very low. Company is managed remotely. All back-office functions, including marketing, bookings, and invoicing, are outsourced to a team in Southeast Asia. This business centers around port drayage. Port drayage is the term used when describing short hauls from ports and other areas to nearby locations. Drayage is a key aspect of the transfer of shipments to and from other means of transportation. Full truckloads are picked up at the New Jersey ports and transported to nearby warehouses for delivery, by other carriers, to their ultimate destination. The equipment consists of tractors that are owned by the operators who are independent contractors. One chassis is owned and twelve are leased on a monthly basis by the company. This company operates under a license agreement with the parent company. The parent provides back end support including: Insurance, processing, and safety compliance. In return they charge the agent a percentage of revenue for these services.