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Trucking Transportation Company

The Seller wants to deal with someone who is currently a successful operator in the transportation business, who will merge his company into theirs, as he wants to protect his client base and employees.

The trucking company (non-union) hauls truckloads of product in British Columbia, Washington, Oregon and California. Has some return loads. It maintains a level of clients and sales the owner feels comfortable with. There is excellent potential to increase sales because of the company's reputation for good service and top of the line equipment. The company is proud of maintaining all the customers it had from the beginning, 18 years ago. The employees are also long term. The owner has received written offers by the large trucking companies offering in the range of $2.7 to $3MM. Seller wasn't pleased how the new owners would have broken up the company. Also out of loyalty to his clients and employees he turned down their offers. Son of owner is a shareholder and will remain as well as key management employee. The owner will also remain with the new owners for a period of time for a comfortable transfer of ownership. The company has recently sold off some trucks and leased new ones so the sale price will be lower. Seller waiting for year-end financial statement to determine the lower value. 100% of the shares are being sold.

Sales for year end February 2007 on target to reach $4 million.