Chad Smith
Connersville, IN (USA)
Role(s):
Founder/Owner/Principal
New Business start-up
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Startup
Location:
Connersville
Industry:
Transportation
Year Founded:
2014
Number Employees:
1-10 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
I have been in business since July of 2014 and have had rapid growth. I currently operate 6 trucks for a world wide aluminum extrusion manufacturer. We haul their finished product to its destination. I have 2 trucks and 2 trailers that I am responsible for the expenses on. I also have 4 owner operators that I receive a small percentage of their gross income each week. With all trucks running, we should be near $1.5 million in gross revenue for 2016. I am currently leased with a company and operating under their authority. I am looking to get my own authority and get away from the percentages they are paid. They will make in the $300k range this year. Estimated start up for starting my own independent company is $250k with an additional $50k in credit if needed. The investment would be used for all associated start-up costs, equipment purchases, operating and payroll expenses. There is a 45 to 60 day wait period for payment from the customer. There would be approximately $60k in equipment used as collateral towards the investment. I have 19 years experience in the trucking industry with professional references and I am an USAF veteran. I am open to negotiations and any advice to better my business. I am committed to succeed.