LOGISTICS/FINAL MILE DELIVERY COMPANY
For Sale in Tallahassee, FL
Financial & Assets Details
About the Business
Business Description
Logistics/Final Mile Delivery Company for Sale. An established/successful business that specializes in the final mile delivery of products that need two man delivery teams with lift gate service. The Business delivers a wide range of products to residences and businesses sold through e-commerce and brick and mortar retailers. Only Distribution Company within 200 miles of its location with its capacity to deliver. Operates in a 150 mile radius of its North Florida headquarters. Seller willing to remain in an advisory/operation capacity with new owner.
The business currently operates in the Final Mile Logistics market catered to e-commerce retail business. This is one of the fastest growing industries in the country and growth has been very organic as more consumers purchase online versus traditional brick and mortar retail outlets. The business’s customer base is Large 3rd Party Logistics Providers that have a national footprint and major e-commerce retailers. This business does no advertising, has no outside sales people and does no marketing of their services. Currently, they are overwhelmed with demand for their services and are very selective in regard to the clients they accept to deliver products.
Growth & Expansion
There is huge potential for growth considering that The Business is primarily focused on the rapidly growing e-commerce business. In addition to the existing clients growing organically as e-commerce grows, there is also the potential to add new clients and for the existing customer base to add new clients. There is potential to enter the middle mile business as well as potential to add storage clients to the current mix. There is also vacant commercial lot next to the business that can be developed for future growth.
Market Competition:
There is no other competitor in the market that offers two-man lift gate deliveries with the scope and breadth of this business. The business has developed a reputation with its clients of superior customer service, attention to detail, and extremely low transit times..
Location Details:
The Business is located in North Florida and operates out of a 17,500 sq. ft. building that consists of its corporate office and warehouse. The location is an excellent fit for the footprint it operates and has easy access to major highways and immediate interstate access. The Business has the ability to receive or load out four trucks at one time. The facility has a large reception area, 5 personal offices, a kitchenette, and a lounge that can be used as a conference room. The facility, constructed in 1997, has basically everything a new owner would need to operate this business beginning on "day- one” The company acquired this building in 2017 for $735,000 and it is included in the $2,300,000 selling price. Over the past 12 months, the Seller has made $25,600 in property improvements and upgrades. Over the past twelve months the following renovations and improvements have been made:
Support & Training
The Seller and his top manager willing to remain in an advisory and operational assistance capacity. Seller will provide 4 weeks of training, assistance and transition help at no cost to the new owner. Both are willing to be retained with a mutually agreeable employment contract.
Reason for Selling:
The reason for sale is that the company is prime for growth and expansion. The current owners have grown the business to the current level and are ready to transition in other avenues and feel that expansion and growth will take from new personal goals.