International Relocation Air Freight Business

68-year-old owner looking to sell his New York City area business with a 28,000 square foot facility, who will consider selling the building along with the business. The property has a value of $14 million.
OVERVIEW
The company is a 40-year-old business as the largest international household goods air freight relocation forwarder in the world, with an additional location in the Los Angeles area.
Their proximity to JFK allows them face-to-face contact with all the carriers operating from these airports. It gives them “insider knowledge” of all of the locations of the airlines and the best times of delivery to their facilities. Although they are located in New York and Los Angeles, they have extensive experience transporting from locations all over the U.S. to points all over the world.
Their specialty of moving people’s possessions makes them especially sensitive to client needs. They understand the stress involved with moving and knows all of the problems that arise when a transferee needs their personal effects “yesterday.”

SERVICES
1. AIR FREIGHT
Commercial Shipments - They can handle any type of commercial shipment:
• Commodity
• Origin and final destination
• Commercial value

2. TRANSPORTATION
Local pickups and deliveries – Their trucking covers an area from western Massachusetts down to the Delaware border with a fleet of new trucks for dependability.
3. WAREHOUSING
Temporary storage is located close to JFK International Airport.

FINANCIAL OVERVIEW
2022 revenue of $12.4 million revenue with $1046K of adjusted EBITDA.
2023 revenue of $11.2 million revenue with $965K of adjusted EBITDA.
2024 revenue of $10.1 million revenue with 939K of adjusted EBITDA