Listing Number: 2401-540039
Freight Brokerage - temperature control and dry goods services nationwide. A leader within the transportation industry. Securing pricing and procurement within a fast paced, high volume supply chain while providing quality service with a personalized approach to customer relations. The staff of 15, specializing in the temperature control market, are competent, disciplined, reputable individuals who work independently and as a team committed to the success of the business. The business uses state of the art freight tracking software. Most of the team have been with the business for more than 10 years with several more than 20. The owner is not involved in the day to day operations and is generally available as the final go to person as needed. This is basically an absentee owned business. The business operates with 2 small office locations and several home offices.
The business contracts with a wide variety of carriers and large grocery chains to carry complete loads of mostly refrigerated produce and some dry goods. Most of the freight originates in the fresh produce growing regions of California and is moved to destinations across the country. The company’s MC number shows that it has been in business for many years and adds credibility to its ability to perform for its clients. The company does no marketing and relies on repeat customers and referrals. Adding an active sales team could significantly increase revenue and profit. With a growing population and need for fresh produce this brokerage business should have a bright future.
Founded in 1991 the business has grown consistently and in 2018 had gross profit of $2,485,485 with adjusted net earnings of $ 915,344. The business in 2019 had adjusted net earnings of more than $ 1,400,000. This would be a great add-on for a retail or wholesale grocery chain or existing freight carrier to allow for greater control of their freight rates and ensure better quality of service.
- Price: $4,700,000
- Down Payment: $4,700,000
- Sellers Discretionary Earnings: $1,437,609
- Total Sales: $35,568,100
- Location: San Diego County, California
- Inventory: $0
- FF&E: $0
- Employees: 15
- Year Established: 1991
- Reason for Selling: Retirement
- Category: Transportation