Annual Revenue: $1,316,000
Net Cash Flow: $376,750
Location: New London County, Connecticut
A family-owned business since the early 1940s. First time offered for sale. The owner is retiring, and there is no family to assume the company. The business consists of 8 special delivery routes guaranteed income. New 4 year contracts are in place. Long term employees in place. The firm operates from 3 am – 10 am +/-. Drivers arrive at strategic locations to pick up vehicles and complete their routes.
Equipment: Current equipment is valued at approximately $175,000. The equipment consists of a fleet of vehicles – 20’ to 24’ diesel box trucks – well maintained. Most of the fleet was rebuilt last year. The fleet consists of active vehicles and spare vehicles. This ensures that the company runs efficiently, and deliveries are not late due to fleet issues.
Inventory: Inventory included is spare truck parts, tires, oil, grease, etc. to maintain fleet – stored in a 500 sqft. Facility. The estimated value is about $50,000. Inventory value will fluctuate up and down based on the time of year. Inventory is retained in order to ensure minimal downtime in case a vehicle needs repairs.
Real Estate: The administrative office is home-based. The repair shop is a rented bay at a local mechanical establishment. Vehicles are stored in strategic locations near routes to maximize efficiency.
Transition: Owners will stay for 30 days included in asking price; Additional transition time is negotiable.
Sale: Sale includes Delivery Contracts, Trucks, Spare Parts Inventory, transfer of rental agreements, and 30 days of transitional help.