Asking Price: $925,000
Cash Flow: $300,000
Gross Revenue: $1,300,000
Rent: $4,300 per Month
Established:2003
Business Description
The current Owner founded the Company in 2003 as a specialized office furniture delivery, warehousing, and installation company.
The Company works with major national office furniture manufacturers, who produce products all over the United States, Canada, and Mexico, and then ship their products to the Company, which is based in Northeast PA. The Company then provides the final mile delivery on their specialized fleet to the customers and end users. The end-user office furniture customers are primarily based in the governmental, healthcare, and educational sectors.
Office furniture is a very damageable product. The Company’s diverse and nimble fleet delivery options allow door-to-door delivery to new construction sites, hospitals, schools, and other hard to reach office and home-based delivery locations. Their expert personnel and specialized handling equipment help deliver the product undamaged to high rise office buildings and other locations not suitable for LTL delivery. This specialized niche service is what sets the company apart from the standard common carriers.
Specialized services also include:
-Residential Deliveries
-Liftgate Service
-Inside Deliveries
-Unpack and Place
-Blanket Wrap
-After Hours Deliveries
-Storage
-Assembly
The Company also provides white glove office furniture installation for these manufacturers and for other national and regional office furniture dealers.
The Company’s revenues are derived from roughly 2/3 trucking and 1/3 installation.
A Top 10 Customer List for 2018-2021 by volume is available, and the Customer Summary includes customer tenure and industry.
The company owns four delivery vehicles. They also lease five trucks and three trailers.
The four trucks owned by the company, along with all the Office, Warehouse, and Installation Equipment, are all included in the sale.
The leased vehicles can be transferred to the new owner.
All Equipment and Vehicles are available for inspection.
Detailed Information
Real Estate: Leased
Building SF: 14,000
Lease Expiration:
1/1/2023
Employees:
11
Facilities:
The company warehouse is located at the crossroads of Interstates 80 and 81 in Northeast, PA and has easy access to all the major metro areas in the northeast. The company’s service area includes eastern PA, all of New Jersey, Delaware, and Maryland, and parts of New York state.
Competition:
There is no local or regional competition.
Growth & Expansion:
They have developed long-tenured National and Regional customers over the last 20 years.
Financing:
None
Support & Training:
The Seller is available for a mutually agreeable period of paid consulting for a period of 6-12 months. The Office Manager, who has been with the company for 17 years, is aware of the sale and would like to remain with the new owner.
Reason for Selling:
Retirement
PMJ HQ located in Clarks Summit, PA