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Premier La County Freight International Forwarder
Location: United States -> California -> Los Angeles
Industry: Business Services > Transportation – Airplane, Taxi, and Limousine




Business Summary

The Company is a full-service international licensed as both a freight forwarder and NVOCC.

With a cutting-edge website and technologies already in place, elite ocean freight partners and a strong network of carriers and customers, this business is turn-key and ready to grow for Its next owner!

Highlights

- The business was registered as a California C-Corporation in 2005
- Three (same family) owners own 100% of the stock/will transfer 100% interest on sale
- Non-compete: retirement and to spend more time on other business interests
- $32,582,731.31 in Revenue in 2022
- $7,560,374.81 Gross Profit in 2022
- Specialty: Ocean Freight, Air Freight Import/Export
- Lease/Real Estate: Yes, 2 leased locations
- 2022 Real Estate Expense: $446,040.51
- Easy access to Ports of Los Angeles/Long Beach
- 60K Sq. Ft. Warehouse w/dedicated office space
- 19 management/back-office employees
- $2,044,201.77 Total Payroll in 2022
- $1,351,900 Total Key Employee Payroll in 2022
- Negotiable period of training/transition consulting at no cost
- Non-compete: 2 years/negotiable
- Consulting agreement: Yes, negotiable
- Earn-out/owner financing: Possible
- Consulting agreement: Yes, negotiable

The Sellers are retiring and looking for the right buyer to take what he has built and to grow it to the next level. Confidentiality is a concern for the Seller as he seeks just the right buyer, and so the location information provided in the ad is that of the broker, and not of the Business. Business location and name will be shared once a qualified Buyer prospect is vetted.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

Detailed Information

Facilities: Leased: Detailed information on leases available.

Competition: Like opportunity, competition is intense and plentiful in the logistics business!

Growth & Expansion: For a company with the right resources looking to expand their presence in


Financials

Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   $32,582,731
Cash Flow:   $2,126,533
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2005
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  As needed ??? specific terms for transition support can be negotiated. The Seller wishes to facilitate a successful and smooth transfer of the Business.
Reason For Selling:  Retirement




Print Listing Id: 700386846
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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