U.s. Customs Broker Providing Duty Refunds


Listing ID: 700364205

Listing Title: U.s. Customs Broker Providing Duty Refunds

Quick Link: http://www.globalbx.com/listing.asp?bId=364205

Industry: Professional Services

Industry Segment: Other Professional Services

Country: United States

State / Province:



Asking Price Range: $10.0M - $20.0M

Gross Revenues: $4,200,000

Cash Flow: $3,300,000

Cash Flow Type: EBITDA

Year Established: 2000

Number of Employees: 50 - 99

Business Description:
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

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