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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 Business is on a Premium Plan
Established 1-5 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 3:15 PM America / Chicago
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 641 thousand for 10.0% annual interest, 5 years (Native Currency: USD 641,100)
Reason: Consolidation and expansion.
Collateral Available: USD 20 thousand
Includes physical assets worth USD 50 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
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Documents
Business Overview

- Logistics company that provides full truck load & less than truckload shipping 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 at 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 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 addition of 3 units to our operations.

Products & Services Overview

Shipping refrigerated goods, white glove high commodities, overseas commodities and movement of RVs & Semis.

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.

Recent Activity
  • 4 days, 16 hours ago
    Director Of Financial Services, Memphis, Financial Consultant connected with the Business
  • 5 days, 14 hours ago
    CEO, Manufacturer, Beachwood, Individual Investor / Buyer connected with the Business
  • 1 week, 3 days ago
    Manager, Calgary, M&A Advisor connected with the Business
    Business sent a proposal to the Investor / Buyer
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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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