The company runs dedicated and spot freight across the south-central region. Contracted lanes provide a base of predictable volume while spot freight adds variability.
Asking price
$1,750,000
Revenue (TTM)
$5,400,000
SDE
$610,000
EBITDA
$520,000
SDE multiple
2.87x
Cash-on-cash (unlevered)
34.9%
Recurring revenue
62.0%
Largest customer
28.0%
WhatBiz Score™ breakdown
Overall 58/100 — Fair. Each dimension is scored independently and weighted.
Profitability28
Seller's discretionary earnings are 11.3% of revenue.
Valuation61
Asking price is 2.87× SDE compared with a common small-business range of roughly 2×–4×.
Financial Health60
18 years of operating history with a 9.6% earnings margin.
Growth Potential51
Reported revenue trend of +8% year over year.
Market Outlook60
Category-level demand outlook based on WhatBiz industry model (sample data).
Owner Independence87
Business is described as managed with 31 employees.
Customer Concentration Risk43
Largest customer represents about 28% of revenue.
Financing Potential100
Seller indicates financing is available (about 12% seller-carried).
Scalability52
62% of revenue is recurring or contracted.
AI / Technology Disruption Risk65
Estimated exposure to automation and AI substitution in this category.
Valuation context
Comparable SDE multiples of 3.23x – 4.50x for Logistics produce an estimated range of $1,955,000 – $2,777,000.
●Recurring revenue:62% of revenue is recurring or contracted, which buyers pay a premium for.
●Management in place:A business that runs without daily owner labour is worth more to most buyers.
●Customer concentration:The largest customer at about 28% of revenue is a valuation risk.
●Operating history:18 years of history reduces perceived risk.
●Earnings size:Larger earnings attract more buyers and institutional capital, lifting multiples.
Specific questions to raise with the seller for this listing, based on its reported figures.
Confirm the $610,000 in owner earnings
Ask for three years of tax returns and the add-back schedule line by line. Owner salary and genuine one-off costs are fair add-backs; ongoing vehicle, phone, insurance or family payroll usually are not.
Price sits below the estimated range (2.87x SDE)
WhatBiz estimates $1,955,000 – $2,777,000 for a logistics business with these figures. Ask the seller which comparable sales support their asking price.
Customer concentration is 28.0%
Request the top-10 customer list with revenue and tenure, and ask whether contracts survive a change of ownership. Concentration this high is normally reflected in the price or in an earn-out.
Test the 62.0% of recurring revenue
Ask for the contract or subscription list with start dates, renewal terms, churn over the last two years, and whether agreements are assignable.
Plan for the owner's day-to-day role
The owner is reported as managed. Price a replacement salary for the hours they work, and check whether any licence, certification or key relationship is held personally.
Check the 31-person team and payroll
Request tenure, wages against local market rates, and any certification or licence held by individual staff. Agree stay bonuses for key people before closing, not after.
Structure the 12% seller note
Seller financing keeps the previous owner invested in a clean handover. Negotiate the term, interest rate and any performance offset in the same conversation as the price.
Review the leased premises and the lease
Check remaining term, renewal options, rent escalations, and whether the landlord will assign the lease to you. A short lease on a location-dependent business is a real risk.
This is demo data provided for product demonstration. Figures are illustrative, are not verified, and are not an offer to sell a business. WhatBiz analysis is educational and is not financial, legal, tax or investment advice.