Trucking and Logistics Company NJ
SELLER ONLY WILLING TO SPEAK WITH BUYERS WHO HAVE AT LEAST $5 MILLION LIQUID CASH AVAILABLE IMMEDIATELY. NO SBA (HE'S NOT INTERESTED IN GOING THROUGH THAT PROCESS). HE IS REQUIRING AT LEAST $5 MILLION CASH DOWN AT CLOSING (THIS REPRESENTS AN EXTREMELY REASONABLE 3.5X MULTIPLE OF THE TRUE, ACTUAL NET CASH FLOW FOR THE LAST 2 YEARS STRAIGHT). SELLER WILL THEN ALSO CONSIDER STAYING ON FOR UP TO 3 YEARS UNDER AN ADDITIONAL EARN-OUT STRUCTURE (ABOVE THE $5 MILL CASH DOWN AT CLOSING) FOR $2 - $3 MILLION TO HELP GROW THE
Established in 2014, White Glove Trucking Company has built a solid reputation serving premium clients in the entertainment and touring industries. The company specializes in high-touch logistics solutions for discerning customers, including notable entertainment artists and brands like Beyoncé (an actual client who has used their services).
19 full time employees.
This business has grown entirely through referrals with no active marketing or online presence, which represents significant untapped growth potential for the right buyer.
Current owner and his son WILL STAY ON if desired by new owner. Owner has 3 year succession plan. Son will stay on to service entertainment industry (which has been a highly lucrative industry to service) in a sales capacity as long as needed.
Key Business Highlights:
- Asset-Light Operation
All drivers operate their own vehicles, minimizing capital requirements and overhead costs.
- Stable Client Base
Long-standing relationships with premium entertainment industry clients provide consistent, recurring revenue.
- Experienced Team
Tenured operational team in place with proven systems and processes.
- Facilities:
Business is currently operating out of two Locations:
Kearney 60,000 SF - 9 door docks and 2 Drive in Doors
Fairview 50,000 SF – 4 door docks and 1 Drive in door.
There is an option to take another 25,000 SF.
The leases have about three years left on each of the facilities but should be easily transferable to new owner.
Monthly Rent Kearney – $73,553.12
Monthly Rent Fairview - $78.916.20
Also one of the forklifts is leased – 3 years left. Monthly payment for this is $638.27 with a dollar buyout.
- Transition Support
Current owner will remain for 3 years to ensure smooth transition. Owner's son will continue managing key accounts for as long as needed.
- Growth Opportunity
Zero marketing spend to date. Significant upside potential through basic digital presence and expanded outreach.
Ideal Buyer Profile
- Seller Financing:
Seller MAY (at his discretion) consider some seller financing (roughly to be around 15% - 40% of price) for qualified buyers who have experience in the industry and can show liquid proof of funds up front.
CLICK ON "REQUEST NDA/CIM" BUTTON FOR IMMEDIATE ACCESS TO NDA
Financials (USD)
Asking Price $7,000,000
Cash Flow $1,500,000
Sales $10,189,670
Deal Terms
Represented by broker? Yes
Buyer Fee? No
Seller Financing? Yes
Willing to co-broke? No
Principals only? No
Franchise? No
Management will stay? Yes
Relocatable? Yes
Real Estate? No
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