This is a turnkey opportunity that requires little to no office space with a history of repeat/referral business. The seller has decided to move on to new opportunities and is willing to sell at a significant discount. Seller will provide key assets and train a new buyer on how to build off of this already very profitable trucking business that provides short and long-haul logistics for eCommerce and other industries.
This primarily online and virtual business creates an opportunity to grow as a standalone or build in-house distribution capabilities for an existing ecommerce business. Additionally, there is the potential for buyers to benefit from immediate tax advantages of acquiring hard assets (tractor trailers) through Accelerated Depreciation. Low overhead, low asking price, and plenty of scaling opportunities make this a perfect opportunity for someone looking to jump into this highly lucrative space.
The business is in the transport vertical, moving and distributing freight space across 48 states. Each load averages $1000 a day in gross revenue. Trucks typically handle 2-3 loads per week (average $5000 in a week). Drivers are typically paid $200-300 per day ($0.45 – $0.55/ mile). Remaining expenses are fuel and truck maintenance as needed. Typically, $300 of fuel a day will last all day, driving nonstop. Per truck net profit is roughly $90,000 per year. Inventory and supply expenses are minimal.
This business has been operated in an agile manner and achieved balance with longer term contracts when appropriate. Current owners have been successful in securing more substantial contracts with large third parties like UPS and Amazon during peak seasons (holidays). These contracts provide consistency which benefits, and is attractive to, drivers and dispatchers. The market for drivers is competitive, better drivers cost more but are typically more reliable and help with customer satisfaction and more repeat customers.
The typical day for ownership is an early morning start (typically around 6am), beginning with a few hours to cover all trucks and then work ahead to book loads earlier throughout the week. The rest of the time is spent on-call and arranging contract drivers (negotiating salary). Current owner is willing to train, and introduce to key contacts (brokers, vendors and drivers) and how to best utilize each truck/ route to maximize revenue.
Marketing consists of posting on job websites for drivers and posting on DAT load boards and Truck Stops for freight. Scaling opportunities include investing in more trucks to meet demand, expanding with brokers to access higher end loads, and expanding marketing efforts overall to ensure consistent volume.
There is no need for any industry experience in this business. The current owner will train. Just some just some negotiation and phone skills and you are ready to ‘hit the road’.
