Chemical Transportation Company of 20+ Years

TRANSWORLD BUSINESS ADVISORS OF HOUSTON. LISTING REF. #: 76931-265015 Very specialized transportation company with a track record of more than 20 years. This company services worldwide companies that produce liquid oxygen, nitrogen and CO2 in routes across the US. Due to the specialization of the industry, there is limited competition, high return per mile and ample ability to grow by adding additional trucks/trailers. The business includes 3 2014 Volvo 660 and 3 CO2 trailers and has consistently generated sales above $625,000 and an SDE of $230,000 per year. In 2021, the owner increased the price per mile by 35 cents, which is expected to translate into $70,000 of additional bottom-line earnings per year. Excellent payment terms from customers with electronic submission and payments within 15 days. When compared to other trucking companies, the highly specialization of the products it transports reduces the overhead of the company by eliminating the need of a dispatcher as drivers are directed by the customer to only one location for delivery. Owner has been involved in the business since inception (1999) and is seeking sale to retire. Created in 1999 in Houston focused on a variety of products. The business grew substantially in the first 10 years of operations and was able to reach more than 38 trucks. Owner has been the CEO of the company since inception, but in recent years has been scaling back the operations as he is seeking retirement Location: Fort Bend County, Texas Year Established: 1999 Number of Employees: 5