EXECUTIVE SUMMARY
Introduction
Larry's Transportation was founded by Lawrence Gardner, a lifetime truck driver. Larry's Transportation would like to borrow 150k to 200k to be collateralized by an 18,000 square foot warehouse building in a 25,000 square foot parking yard.
Business Overview
Larry's Transportation is an automobile and trucking parking and rest stop area located 300 feet from I94 expressway, in suburban Chicago, near the Illinois/Indiana border. The property is free and clear of any mortgages. I estimate the property to be worth 800k to 1.2m. This property was formally owned by the Hostess Bread company as a bread distribution hub for the greater Chicagoland and Northwest Indiana service area. With the upgrades and improvements I have planned, as an EV station, this property can easily be increased to 3-5 million dollars.
Transportation Offering
Larry's Transportation currently has a small fleet of three trucks. The property and trucks are free and clear of liens. Larry's Transportation also has a 20 seat Hummer limo that is free and clear. The Hummer is used for weddings, airport runs, corporate bookings, and more.
Larry's Transportation has a partnership with U-Haul to rent trucks and trailers throughout America. Larry's Transportation would like to enter the much in-demand EV (electric vehicles) charging market, with a tourist rest area.
Transportation Services
1. Dedicated fleet services
2. EV Charging Hub
3. Tourist Rest Area w/store
4. Logistics Services
5. Warehousing services
Customer Focus
Larry's Transportation will target all drivers locally and individuals/tourist driving (EV/Gas) on the I94 expressway, and local towns.
Management Team
Lawrence Gardner, - 25 year trucker and multi-unit property manager
William Payton Sr. , - 30 year commercial mortgage broker
Kim Washington - office manager
Financial Highlights
1. Property improvements
2. Equipment and supplies
3. Marketing
4. Working Capital
Industry Analysis
1. The trucking industry is a $730B industry
2. Approximately 900,000 truck driver in America
3. The EV market is approximately 32.4 billion in 2024 and growing rapidly
4. Average parking lot revenue yearly estimated to be $500k
5. Cost (security, cleaning, staff salaries, utilities, insurance, supplies) estimated to be 280k year
6. Approximate yearly net:
a. Truck parking net is $360,000.00
b. EV Charging estimated net is $800,000.00
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