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Contract Courier Company - Deliveries
Location: United States -> Minnesota -> Minneapolis
Industry: Business Services > Transportation – Airplane, Taxi, and Limousine

Business Summary

Small company with 4 routes doing contract deliveries for two courier companies. Business has 2 dock trucks, a Sprinter & a cargo van. Both courier companies have over 20 years in business and keep the drivers very busy! This outfit was established in 2010 with one route and has grown to 4 rather quickly- owner has potential opportunity out of state in summer 2012 and wants to explore it. This is the perfect operation for an owner/operator and takes a small amount of oversight with the employees. Both courier companies pay every other week and offer daytime/ nighttime & weekend work if you'd like it. PL statement breakdown: Gross annualized revenues of $260,000. 3 drivers at $28,000/yr ($84,000), fuel expense of $65,000, Insurance $3,600 and phone $2,400. Net income (discretionary cash) $95,000. Asking $100,000; will finance with $25,000 down over 7 years at $1200/ mo. and I will lien the 4 vehicles.


Asking Price Range:  < $250K
Gross Revenues:   $260,000
Cash Flow:   $95,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $35,000
Seller Financing:  Yes

About The Business

Year Established:  2010
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Owned

About The Sale

Management Training and Support:  Yes, 40 hours.
Reason For Selling:  Potential out of state opportunity.

Print Listing Id: 700166746
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