Courier Service Provider for sale - Not Disclosed,Washington - Business for sale
The Company is an established provider of courier services, specializing in bank deposit pick-up & delivery. The Company serves a wide range of customers which include financial institutions, industrial manufacturers, schools, public agencies, government agencies, & healthcare organizations. EBITDA & revenue have grown continuously over the past 4 years. Gross sales in FY ’06 of $684,000 represent an increase of over 10% from ‘05’s sales of $621,000. Revenue is expected to grow by 10% again in ’07. 2006 EBITDA margins hit 22.59%, versus ‘05’s 20.36%, and they are expected to continue to grow in ’07, topping 23.12%. The Company has skilled & loyal employees who are committed to customer satisfaction by providing fast, reliable service. Service offerings include scheduled pick-up & delivery services on a daily, weekly or monthly basis. The Company’s high rate of repeat business helps ensure continuity of its operations. The existing facility is sufficient to support pro forma growth projections.
Management believes there are many opportunities to accelerate growth. Such opportunities include expanding the Company’s customer and geographic markets by hiring additional sales professionals and opening offices outside the currently served markets. Management is forecasting sales growth of 10% and EBITDA margins of 23.12% in FY 2007.
Not Disclosed, Washington
Date posted: 4/3/2007
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