2 Dedicated and 2 Unassigned FedEx Linehaul Routes, Forsyth County, NC
2 Dedicated Linehaul Routes, 2 Unassigned
included in asking price
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Please complete the attached NDA now and Fax to 877-311-0970, or email to NDA@Routes.ForSale, along with the first page of your bank or brokerage statement (with account number redacted), showing at least $160,000 downpayment for the purchase.
COPY & PASTE link below to your Web Browser address bar to Digitally sign the NDA and show proof of funds through RightSignature.
Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a Box.com link.
2018 Gross Income: $600,000
Next Twelve months Projected Gross Income: $650,000
Purchase Price: $580,000, Plus assumption of Leased Tractor
2018 Cash flow: $150,000
Next Twelve months Projected Cash Flow: $180,000
Vehicle Value: $90,000
2 Dedicated and 2 Unassigned FedEx Linehaul Routes Forsyth County, North Carolina; 4 Tractors. Includes One Tractor lease to be assumed.
2 Dedicated and 2 Unassigned FedEx Linehaul Routes Forsyth County, North Carolina for sale $580,000. Currently grossing $650,000 and Nets $180,000 per year as an owner of the business. Includes 2 Dedicated and 2 Unassigned FedEx Linehaul Routes and 3 FedEx tractors worth an estimated $90k, and 4 employees in place willing to transfer with the business. This business operates out of a Forsyth County Hub and currently has 4 CDL Drivers in place, Seller manages business; 18 hours weekly is owner time commitment. Seller is a hands on owner who is willing to stay for a 30-45 day transition period, subject to negotiation. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!
Financing: SBA financing IS available for this transaction in the amount of $420,000.
What Does Financing do for you:
8.00% 10 year Amortization
Equity Investment: $ 160,000
SBA Loan: $ 420,000
Working Capital: $ 20,000
SBA Guarantee Fee: $ 13,200
Closing Costs: $ 10,000
Total SBA Loan: $ 463,200
Monthly SBA Debt Service: $ 5,620
Current cash flow: $180,000
Annual SBA debt service: $ 67,439
Cash Flow Net of Debt Service: $ 112,561
Cash on Cash Return: 70.35%
About the Business
Contact the Seller
- Forsyth County, North Carolina
- Number of Employees:
Trucks are garaged at FedEx Delivery Hub free of charge.
The competition for FedEx Ground is USPS and UPS.
Growth & Expansion:
The growth of the business is linked to the growth of FedEx as a whole. FedEx Ground & Home delivery are the strongest segments of the FedEx Family. FedEx Ground & Home delivery have been driven by the boom in E-Commerce, which experts agree will continue indefinitely. E-Commerce currently makes up 9% of Retail sales, analysts believe this will grow by 35% through 2021. Analysts expectations are for FedEx Ground to continue to grow at an average of 13+%/year for the next 5 years.
About the Sale
- Reason For Selling:
Other Interests, Retirement
Seller is willing to stay on for 30-45 days, subject to negotiation.
- Ad Detail Views:
NDA (104 KB)