Description of the business for sale
SUMMARY: This company places qualified, licensed commercial truck drivers with its clients in the transportation industry. Revenues and Cash Flows are up 135% and 118%, respectively in the past two years. The company, founded in October 1998, recruits and screens commercial drivers for compliance with DOT regulations and hires qualified drivers matched to customer requirements.
SERVICES: Services are available 24 hours a day, enabling clients to receive qualified drivers whenever needed and for use as long as needed. Services delivered under contract to clients include: Temp to Hire (represents 90% of revenues), Permanent Placement, and Temporary Placement services.
CUSTOMERS: The Company serviced 50 accounts in 2005 – the largest produced 27% of total revenues and the top five produced 63% of revenues.
MARKET: The Company’s market is the US transportation industry. Its primary means of marketing are word of mouth and repeat business from excellent service. The Company increased rates once in 2005 and twice in 2006 and remains competitive. The pricing environment is excellent and the Company anticipates future price increases.
The market can be expanded by adding Class B drivers and general labor, marketing to clients with specialized needs, and offering to assume a client’s entire driver group and leasing them back to the client.
PERSONNEL: The Owner and one full-time employee share responsibilities of recruiting drivers, dispatching, and administrative duties. A part time dispatcher handles calls after hours.
Description of the facilities
Furniture, fixtures, and equipment = 7500
Furniture, fixtures, and equipment included: Y