Great little company with three trucks. Has been in business for 7 years. Excellent cash flow. $700K does not include the approx. average of $100K in receivables at any given time. Net annual profits over the past 5 years range from $245,000 to $154,000 in 2021. Owner has another business and is not working at the company very often. A buyer could eliminate a $60K per year employee by working at the company to add that to the net profit. The break down is as follows:
Trucks and equipment: $395,000. This is what I could easily sell the trucks for today.
Established business: $305,000
All numbers provided by professional accounting firm. Truck values are super conservative as I am not into wasting your time or my time. This business is priced for quick sale. Trucks can be stored outside on any property with room for three 5 ton trucks.
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