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Listed by:

The Firm

Passive Railroad Terminal Company For Sale

New York City, New York, US
Asking Price:
$6,450,000 (USD) Furniture / Fixtures included
Sales Revenue:
$4,192,564 (USD)
Cash Flow:
$1,465,708 (USD)

This railroad terminal operation is entirely passive, with a 36 employee team of highly competent and cross-trained individuals maintaining daily operations. Included in the deal is $2.9M in assets! This company also boats an impressive set of growth opportunities. Expanding their service area further south, adding another fully functional terminal, increasing commodities, and looking further into increasing residual waste removal services all offer clear routes to further growth for an already strong operation.

Serving the Mid-Atlantic to Northeast region of the U.S. for over 20 years, this family of companies offers railroad terminal operation for inbound & outbound freight clients, clerical & inspection work for inbound & outbound rail freight, equipment maintenance & repair, and transloading of commodities such as frac sand, swamp mats, propane, residual waste, hazmat materials, and agricultural products. The diverse customer base consists of transportation providers, oil & gas companies, agriculture industry clients, PennDOT, the energy sector, and plastics & lumber clients. The owner is retired and has an adult daughter who will stay on for 5+ years and continue as General Manager.

Corporate headquarters are in Scranton; this entity supports the accounting/bookkeeping, insurance needs, and HR. There is an intermodal terminal operations company also located in Pennsylvania, and a bulk rail facility in New York that is a short line railroad and is project-oriented, handling everything from mats for pipelines, re-bar for road construction, and utility poles for the power industry. The fourth entity is a rail facility in Pennsylvania with a certified truck scale and multiple conveyers.

The team is comprised of 1 Operations Manager/Communications Director, 1 VP of Business Development, 1 Controller, 1 Accounting/HR, 1 Safety Officer/Project Oversight, plus a number of day managers, night managers, mechanics, transload operators, crane operators, truck drivers, and clerical staff. Assets include 6 sand trans loaders/conveyers, 4 hostler trucks, 2 overhead gantry cranes, a vacuum lift, and a variety of heavy lifting equipment & heavy construction pieces.

Property Information

Location:

4 Locations in New York & Pennsylvania

Business Operation

Expansion Potential:

Expand service area, add another terminal, increase commodities, look further into increasing residual waste removal services

Reasons for selling:

Retirement

Employees:
36
Years established:
20+ years

Other Information

Support & training:

Seller is currently passive, with an adult daughter and son-in-law running the day-to-day operations; both want to remain in active positions under new ownership. Owner would remain available for 1 year if desired.

Furniture / Fixtures value:
$2,905,742 (USD) - included in the asking price
Inventory / Stock value:
$59,873 (USD)
Related Documents:

Contact The Firm

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