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U.s. Customs Broker Providing Duty Refunds
Location: United States
Industry: Professional Services > Other Professional Services




Business Summary

Overview
- Customs broker that identifies and obtains refunds of import duties:
- Duty drawbacks: refunds of specific tariffs on imports that are subsequently exported or destroyed
- Correct classification of goods maximizes refunds
- Blue-chip client base
- Underserved market, low levels of competition
- Regulations passed in 2018 and 2019 drove 85% of customs brokers from the industry
- Surge in demand for the Company's services
- Partnership agreements with brokerages who outsource their services to the Company
Future Story
5 x revenue in 3 years
- $83 billion paid annually in import tariffs – less than a third of eligible refunds are claimed
- Expanding partnerships with tax advisory firms
- Developing proprietary AI to expedite data-gathering process
Sustainability
- 105 clients under 3-year contract
- 75% of customers renew contracts multiple times
- Strong referral network from freight forwarders, lawyers and CPAs
Defensibility
- Unique, simplified process maximizes refunds and shortens turnaround
- Exclusive provider of duty drawback services to top international accounting company


Financials

Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   $4,200,000
Cash Flow:   $3,300,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2000
Number of Employees:  50 - 99
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased




Print Listing Id: 700364205
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