Viacheslav Kulbaka

Jacksonville, FL (USA)
Role(s):
Founder/Owner/Principal

US Logistix

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Location: Jacksonville
Industry: Transportation
Year Founded: 2010
Number Employees: 10-50 people
Business Stage: Growth (profitable)
Entity Type: "S" Corporation
Description: Trucking Company Start-up Funding $ 1 950 000 The Company The business U.S. Logistix corp was incorporated on 05/20/2010 in the state of Florida FEI/EIN Number 272667416 as a Corporation, and intends to register for Sub-chapter S status for federal tax purposes. U.S. Logistix corp is chartered by the FL State Department of Transportation DOT # 2042681 MC-717480 to move freight to any location in FL State. U.S. Logistix corp will be a long and short-haul domestic carrier. Our fleet comprised of late model, company-owned trucks. Our goal is to deliver customer freight safely, efficiently, and on-time. Mission Statement Our mission is to create ideas that deepen and advance our understanding of management and with those ideas to develop innovative, principled, and insightful leaders who change the world. Our success is built on a foundation of shared values -- quality service and relationships, mutual trust, integrity and financial strength. Business Goals Our business goal is to continue to develop the U.S. Logistix corp brand name. To do so, we plan to execute on the following: 1. Offer quality trucking services and exceptional customer support throughout the shipping process. 2. Focus on quality controls and ongoing operational excellence. 3. Recruit and train the very best drivers with clean driving records. 4. Create a marketing campaign with a consistent look and message content. Services U.S. Logistix corp offer both for-hire trucking as well as private carriers. Most of the business derived from the private carriers. U.S. Logistix corp services especially attractive to the food industry, as participants in that industry typically use referrals, reputation, and customer service as purchasing variables. Of these two segments, U.S. Logistix corp will concentrate on the for-hire carriers, and, more specifically, the truckload (TL) and less-than-truckload (LTL) segments. The services offered, and the markets being targeted, are discussed throughout the following section. Start-up Funding The company is raising $ 2 445 000 for the purpose of financing equipment purchases to meet a growing demand for its services. The company management has reason to believe that an increased truck fleet will assist the company in its effort to widen its market offering and increase sales. Founders will financially back the new business venture with an initial investment of $ 495 000. Additional funding in the amount of $ 1 950 000 will be sought from, a commercial bank, venture capital funds, private investors. This money will be needed to start the company. This loan will provide start-up capital, financing for a selected site lease, remodeling renovations, vehicle purchases, pay for permits and licensing, staff training and certification, equipment and working capital to cover expenses during the first years of operation. Financial Projections We open for business on 2010 . U.S. Logistix corp is forecasted to gross in excess of $ 1 810 000 in sales in its first year of operation, ending 2011 . Profit margins are forecasted to be at about 28 percent. Second year operations will produce a net profit of $ 650 000. This will be generated from an investment of $ 1 950 000 in initial capital. It is expected that payback of our total invested capital will be realized in less than 37 months of operation. It is further forecasted that cash flow becomes positive from operations in year two. We project that our net profits will increase from $ 650 000 to over $ 930 000 over the next three years. Exit Strategy If the business is very successful, owners may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of U.S. Logistix corp . Based on historical numbers, the business could generate a sales premium of up to times earnings.