4 FedEx Home & Ground Routes, 2 Supp. 5 Vehicles, North Carolina

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$100,000 Seller Note Availalbe; Reduces Downpayment requirement to $79,375!
Asking Price:
$680,000

Gross Revenue:
$672,000
Cash Flow:
$227,000
EBITDA:
$227,000
Inventory:
 Not Disclosed

FF&E:
$120,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

$100,000 Seller Note Available! Note Reduces Equity Requirement. Now only need $79,375 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 $79,375 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. Please use '1' as Country Code for SMS verification.

https://secure.rightsignature.com/templates/24b6bc29-9343-4fbe-a706-8c1d7d08d09b/template-signer-link/39f31ea1071cd76624e6a38c0606d1b4

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

100% Overlap & ISP Compliant

Deal Recap:
2018 Gross Income: $672,000
Purchase Price: $680,000
2018 Cash Flow: $227,000
Vehicle Value: $100,000
4 FedEx Home & Ground PSAs, 2 Supplemental and 5 FedEx Delivery Vehicles in North Carolina.

FedEx Home & Ground Delivery Routes for sale $680,000. Currently grossing $672,000 and Nets $227,000 per year as an Managing owner of the business. Includes 4 FedEx Home & Ground PSAs, 2 Supplemental and 5 FedEx Delivery Vehicles worth an estimated $100k, and 6 employees in place willing to transfer with the business. This business operates out of a Central North Carolina Hub and currently has 6 Drivers and an Owner Manager 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 North Carolina. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction in the amount of $500,625.

What Does Financing do for you:

Example:
7.75% 10 year Amortization

Equity Investment: $ 79,375
Seller Note $100,000
SBA Loan: $ 500,625
Working Capital: $ 20,000
SBA Guarantee Fee: $ 15,618
Closing Costs: $ 7,500
Total SBA Loan: $ 543,744

Monthly SBA
Debt Service: $6,526
Monthly Seller Note
Debt Service: $1,110

Current cash flow: $227,000
Annual SBA
debt service: $78,306
Annual Seller Note
Debt Service: $13,323
Cash Flow Net
of Debt Service: $135,371

Cash on Cash
Return: 170.55%

About the Business

Location:
Guilford County, North Carolina
Year Established:
2015
Number of Employees:
7
Facilities:
Trucks are garaged at FedEx Delivery Hub in North Carolina 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 Ground as a whole. FedEx Ground delivery is one of the strongest segments of the FedEx Family. FedEx Ground delivery has been driven by the boom in E-Commerce, which experts agree will continue indefinitely. Analysts expectations are for FedEx to continue to grow at an average of 12%+/year for the next 5 years.
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About the Sale

Reason For Selling:
Other interests
Training/Support:
Seller is willing to stay on for 30-45 days, subject to negotiation.

Listing Info

ID:
1473139
Ad Detail Views:
4040

Attached Files Attachment Disclaimer

  NDA (101 KB)
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Business Listed by

Darin Jerger

Aegis Investment Group, LLC

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U.S. Census Data for Guilford County, NC
Age

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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 Guilford County, NC
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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.


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