23 FedEx Home Delivery Routes, 27 Vehicles, Baltimore, MD

Contact Seller
$160,000 Seller Note Available; Reduces Downpayment requirement to $267,500!
Asking Price:
$1,625,000

Gross Revenue:
$2,118,000
Cash Flow:
$544,000
EBITDA:
$544,000
Inventory:
 Not Disclosed

FF&E:
$300,000
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

$160,000 Seller Note Available! 10 year Amortization, 6.5% Interest, 5 year balloon payment. Note Reduces Equity Requirement. Now only need $267,500 Downpayment to purchase.

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 $267,500 downpayment for the purchase.

OR

COPY & PASTE link below to your Web Browser address bar to Digitally sign the NDA and show proof of funds through RightSignature.

https://secure.rightsignature.com/templates/f5b6e05b-85b4-4342-90b8-539a8dc170bf/template-signer-link/f773df79de3271f51a8e6bde249c766f

Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a Box.com link.

100% ISP Compliant, ISP Contract Through 4/24/2020
TWO MANAGERS! Two General Managers, One Full Time Swing Driver! (2 GM plus 1 Swing Driver) TWO ON-CALL Swing Drivers

Deal Recap:
TTM Gross Income: $1,824,700
Next Twelve Months Gross Income: $2,118,000
Purchase Price: $1,625,000
TTM Cash Flow: $300,000+
Next Twelve Months Cash Flow: $544,000+
Vehicle Value: $300,000
23 FedEx Home Routes, 27 FedEx Delivery Vehicles in Baltimore, MD.
Plus assumption of 5 truck loans with a value of $90,000.

FedEx Home Delivery Routes for sale $1,625,000. Currently grossing $2,118,000 and Nets $544k+ per year as an owner of the business. Includes 23 FedEx Home Routes 27 FedEx Delivery Vehicles worth an estimated $300k, and 26 employees in place willing to transfer with the business. This business operates out of a Baltimore, MD Hub and currently has 23 Drivers, TWO Managers, One Full time Swing Driver, and TWO ON-CALL Swing Drivers in place, seller is a hands on owner who is willing to stay for a 30-45 day transition period, subject to negotiation. Territory for these routes is Baltimore, Maryland. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction in the amount of $1,197,500.

What Does Financing do for you:

Example:
$267,500 DOWN PAYMENT = 16%
8.25% 10 year Amortization

Equity Investment: $ 267,500
Seller Financing: $160,000
SBA Loan: $ 1,197,500
Working Capital: $ 40,000
SBA Guarantee Fee: $ 37,125
Closing Costs: $ 15,000
Total SBA Loan: $ 1,289,625

Monthly SBA
Debt Service: $15,817.59
Monthly Seller Note
Debt Service: $1,816.77

Current cash flow: $544,000
Annual SBA
debt service: $189,811
Annual Seller Note
Debt Service: $21,801
Cash Flow Net
of Debt Service: $332,388

Cash on Cash
Return: 124.26%

About the Business

Year Established:
2004
Number of Employees:
26
Facilities:
Trucks are garaged at FedEx Delivery Hub in Baltimore free of charge.
Market Outlook/
Competition:
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 to 25% by 2021. Analysts expectations are for FedEx to continue to grow at an average of 13.5+%/year for the next 5 years.
Contact the Seller

About the Sale

Reason For Selling:
Other Interests, Retirement
Training/Support:
Seller is willing to stay on for 30-45 days, subject to negotiation.
Seller Financing:
160,000 - 10 year Amortization, 6.5% Interest, 5 year balloon payment

Listing Info

ID:
1557846
Ad Detail Views:
640

Attached Files Attachment Disclaimer

  NDA (104 KB)
Download



Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by

Darin Jerger

Aegis Investment Group, LLC

 Show Phone Number

View My 17 Active Listings
U.S. Census Data for Baltimore County, MD
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Baltimore County, MD
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.