Company is a well-established 17+ years aggregates trucking company, serving primarily new-construction sites, utility companies, developers of sports complexes and related venues, and concrete plants in North Texas and Southern Oklahoma. Utility company customers provide services such as installation of underground utility projects, stormwater development and neighborhood development (including streets, alleyways, home foundations plus demolition and haul off services)". Services are also provided to landscape companies and private property owners for home/agriculture/business projects. Since inception, the business has expanded the fleet from 1 to 32 company truck/trailers, plus ~30 +/- owner-operator trucks which transport aggregate materials such as sand, rock, gravel, mulch, asphalt, ...
Company has focused on building strong relationships with financially strong customers and building a significant company fleet, supported by loyal owner-operator relationships. Located in the epicenter of the explosion of growth in the North Texas area, opportunity for growth is truly only limited by the funds for adding trucks and maximizing margins. Management estimates that current customer demands could use 100 trucks or more. With the existing staffing and infrastructure, management is confident that the company could add 30-50 additional trucks with only one additional administrative position.
Company has diversified their customers base in the past several years, by creating a brokerage company used to hire owner-operators. Owner-operator trucks help service demand growth from larger companies plus provide supply flexibility when weather causes demand changes. This approach continues to materially improve profit margins. Company has excellent, experienced key management and employees. Owner represents that the business has excellent matching books & records.
Business serves 150-200 active customers. The 10 largest customers represent approximately 76% of total sales. Largest customers are 1) excavation contractor ~17%, 2) global construction contractor ~16%, 3) national construction contractor ~15%, 4) regional materials construction trucking ~7%, 5) mechanical and construction contractor ~5%.
NOTE: SELLER PREFERS TO SELL TO A STRATEGIC PURCHASER WITH EXISTING INDUSTRY HOLDINGS. OTHER PROSPECTIVE PURCHASERS MUST HAVE TRUCKING or RELATED CONSTRUCTION OWNERSHIP or SENIOR MANAGEMENT EXPERIENCE AND MINIMUM $3,000,000 LIQUIDITY AND PROOF OF FUNDING TO QUALIFY.
Owner feels that there are many growth opportunities for an aggressive new owner, experienced in the construction materials trucking industry. The Company’s marketing strategy is primarily repeat, referral, and word-of-mouth to construction companies who need materials. The Company does no advertising and relies on referrals and continued contact with existing customers and related contacts. There are significant, immediate expansion opportunities with existing customers. Capacity can be significantly increased by adding independent owner-operators or adding company-owned and operated trucks.
BUSINESS HIGHLIGHTS:
1) ONE-STOP shop for customers, with great response time
2) Quality of work
3) Key Management in Place
4) Business not dependent on Owner's personal relationships
5) Located in the heart of infrastructure growth in North Texas
Purchase Price: Asking price for the assets of the business is NEGOTIABLE. If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the Seller. THE SELLER PREFERS TO SELL FOR ALL CASH. The assets include Net Working Capital (AR + Inventory) valued at 500,000 and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $7,500,000.
NOTE: SALE OF BUSINESS IS CONFIDENTIAL & DISCREET; PLEASE DO NOT VISIT BUSINESS OR SPEAK WITH EMPLOYEES OR OWNERS. ALL STATEMENTS, FIGURES, AND VALUES ARE SUBJECT TO A PROSPECTIVE PURCHASER’S DUE DILIGENCE.