📢 Deal Alert - A Refrigerated Cargo Transportation Company & 4 more

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-Harry & Carter

Table of Contents

• Refrigerated Cargo Transportation Company

• Painting Business

• Frozen Food Manufacturer/Co-packer

• Metal Fabrication Business

• Education SaaS Platform for Real Estate

1. Refridgerated Cargo Transportation Company

• Location: South Florida

• Asking Price: N/A

• EBITDA: $1,453,029

• Multiple: N/A

• Revenue: $9,063,266

• EBITDA Margin: 16% 

• Employees: 24

• List Date: 6/25/24 

• Reason for selling: Unknown 

💬 Harry & Carter’s thoughts:

This Florida-based transportation company, established in 1985, specializes in overweight, refrigerated cargo, and specialized equipment hauling. It operates 137 trucks and 115 specialized chassis, offering intermodal transportation, dedicated trucking, and full-service truck repair. The company uses a fully automated, paperless system for efficient operations. It has its own in-house repair facility and extensive leased storage and repair facilities. With a diverse customer base and advanced technology, this business seems to have strong growth potential.

• In-house repair facility

• 39 years in business

• Seller financing available

• Automated systems

❓️What condition are the trucks in? Do you have all the maintenance records?
❓️Are there any licenses required for the new owner?
❓️What is the owner’s role in the business?

Inquire:

Link to listing here

Broker: Capital Business Solutions

Contact: N/A

2. Painting Business

• Location: Franklin County, OH

• Asking Price: $2,000,000

• EBITDA: $777,649

• Multiple: 2.6x

• Revenue: $3,581,505

• EBITDA Margin: 22% 

• Employees: 3

• List Date: 6/24/24 

• Reason for selling: Retirement

💬 Harry & Carter’s thoughts:

Painting businesses are timeless — both residential and commercial properties regularly require painting services for maintenance, renovations, and new constructions. While painting businesses typically have a low barrier to entry relative to other service businesses, this company’s 39-year history and brand value is its biggest competitive edge. We also like that the company has clients throughout the United States: geographic diversification for service businesses helps combat revenue cyclicality. At 2.6x, this business seems like a great deal. Understanding the customer concentration situation is essential before moving forward, but we think this deal deserves further investigation.

• Established 39 years ago

• Big box store clients

• $32K FF&E included in asking price

❓️What is the customer concentration?
❓️What is the geographic scope of the current operations?
❓️What is the competitive landscape in Franklin County, OH?

Inquire:

Link to listing here

Broker: Evelyn Correa

Contact: 727-725-7090

3. Frozen Food Manufacturer/Co-packer

• Location: St. Louis, MO

• Asking Price: $6,500,000

• EBITDA: $1,141,431

• Multiple: 5.7x

• Revenue: $5,717,414

• EBITDA Margin: 20%

• Employees: 35

• List Date: 6/19/24 

• Reason for selling: Retirement

💬 Harry & Carter’s thoughts: 

This frozen food manufacturer, established 16 years ago, has done over $16 million in sales over the past three years and an average SDE of $1,141,431. Specializing in unique appetizers, co-packing frozen goods, and frozen pizzas, it operates from a USDA, FDA, and HACCP certified facility. The company has 35 employees, a private label product line set up for distribution, and includes $441,242 in furniture and fixtures and $100,000 in inventory. Co-packing represents 90% of sales. The owner is retiring but will provide continued support to the new owner.

• Retiring owner

• 90% of revenue from co-packing

• USDA, FDA, HACCP certified

• SBA pre-qualified

❓️Who are the biggest competitors?
❓️Will licenses/certifications transfer to a new owner?
❓️What is the owners main role?

Inquire:

Link to listing here

Broker: Sunbelt of St. Louis

Contact: N/A

4. Metal Fabrication Business

• Location: Thurston Country, WA

• Asking Price: $4,500,000

• EBITDA: $2,646,190

• Multiple: 1.7x

• Revenue: $5,549,688

• EBITDA Margin: 48%

• Employees: 15

• List Date: 6/24/24

• Reason for selling: Retirement

💬 Harry & Carter’s thoughts: 

Founded over 60 years ago, this metal fabrication business is a mainstay in its local market, specializing in high-profile construction projects. It has skilled team across project management, estimating, drafting, fabrication, and admin. The current owner, also serving as General Manager, is prepared to assist in the transition. The business focuses solely on fabrication, maximizing capacity and minimizing liability. With potential for integration into larger operations or standalone growth, including available undeveloped real estate, this opportunity offers a strong platform for prospective buyers.

• Owner willing to provide extended transition

• Fabrication focused. No installation services (we like this!)

• The 5-year weighted average adjusted net cash flow is $1,053,405

• Seller financing available

❓️What machines/equipment does the company own?
❓️What is the customer concentration? Any government contracts?
❓️How many estimators does the company have?

Inquire:

Link to listing here

Broker: Sound Business Brokers

Contact: NA

5. Education SaaS Platform for Real Estate

• Location: North Carolina

• Asking Price: $4,920,000

• EBITDA: $1,090,000

• Multiple: 4.5x

• Revenue: $2,060,000

• EBITDA Margin: 53%

• Employees: 2

• List Date: 6/19/24 

• Reason for selling: Other opportunities

💬 Harry & Carter’s thoughts: 

Established in 2009, this SaaS business is listed at just 4.5x with an impressive EBITDA margin of 53%. It has a solid reputation backed by numerous testimonials and reviews. The company features a patented software product, a well-structured team handling all fulfillment aspects, effective marketing funnels, an extensive email list of 4 million, and strong industry partnerships. The two current owners spend about 2-3 hours per week on the business, focusing on team check-ins and high-level strategic guidance.

• Profits up 30% YoY

• Email list utilization rate: 10%

• Extensive positive reviews and loyal client base

• Growth opportunities in the coaching & consulting space

❓️Are the customers all retail? Or some institutional?
❓️What is the total addressable market (TAM)?
❓️What is the customer churn rate?

Inquire:

Link to listing here

Broker: Acquire.com

Contact: N/A

Thanks for reading and don’t hesitate to reach out! - Harry & Carter

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