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Trucking Company Seeking Loan in Kissimmee, United States

Logistics company providing domestic and international shipping services seeks loan for expansion to achieve breakeven.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity S Corporation
Reported Sales USD 400 - 500 thousand
Run Rate Sales USD 1.1 million
EBITDA Margin Nil
Industries Trucking
Locations  Kissimmee
Local Time 7:39 PM America / Chicago
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 160 thousand for 10.0% annual interest, 3 years (Native Currency: USD 160,000)
Reason: Simple debt consolidation & restructure. Funds will be utilized towards the basics needed to stay al... View More
Collateral Available: USD 20 thousand
Includes physical assets worth USD 50 thousand
Interested to connect with advisors
Documents
Business Overview
- Logistics company provides full truck load & less than truckload shipping for state to state, local pickups, deliveries, and international shipments.
- We provide store to home, warehouse to warehouse, office, warehousing, and house moves services. Drivers are owned & hired by the company. The semi trucks are rented from Coop By Ryder. Our role is to move freight in the best way we can.
- Our clients are mostly based out of the produce industry and they reach out to us via contracts, email, phone, website, or social platforms.
- We have 10 main brokers including Amazon and Coyote Logistics for whom we move produce. We use one platform for domestic LTL movements with multiple clients. We move freight for one company at a time when it comes to international shipments.
- Our vehicles cover around 2,500 miles per week. We have 5 drivers whom we pay at the highest USD 0.50 cents per mile. We have top insurance for our industry with USD 250 thousand in cargo and USD 2 million+ in property & liability, on top of that, trailer interchange.
- We have seen a high growth rate in the last few months as orders have increased with respect to better economic situations and flexibility on restrictions of Covid-19 compared to last year. We plan to achieve breakeven within the next 6 months by the addition of 3 units to our operations.
Products & Services Overview
- Shipping of produce & refrigerated goods.
- White glove shipments of high-value commodities.
- Overseas shipments.
Assets Overview
2 Mitsubishi Fuso- Canters fe150 and 1 Freightliner m2.
Facilities Overview
4 offices in our location with a warehouse. Combined monthly rent is USD 2,500.
Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    President, Scottsdale, Financial Consultant connected with the Business
  • Earlier than 15 days
    Director Of Financial Services, Memphis, Financial Consultant connected with the Business
  • Earlier than 15 days
    CEO, Manufacturer, Beachwood, Individual Investor / Buyer connected with the Business
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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