FedEx Ground routes nets $159k per year!

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Turnkey operation!
Asking Price:
$500,000

Gross Revenue:
$693,628
Cash Flow:
$159,068
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This area is newly formed by taking portions of three different contractors' areas. The area is fully overlapped and contiguous. The area averages 500-510 stops daily All financial numbers are estimates due to the fact of routes coming from 3 different contractors with different contracted payment amounts. Proof of stop counts can be provided per zip code, but actual revenue will vary based upon negotiated contract with FedEx.

About the Business

Location:
Waco, Texas
Year Established:
2017
Number of Employees:
8 FTE
Home Based:
Yes
Facilities:
The trucks have assigned parking spots inside the FedEx hub when they are not in use. Package Handlers load and unload the trucks when they return at night, and load them early in the morning prior to dispatch. The Contractor works out of a home office during the day where they monitor their driver's progress at various points throughout the day to ensure all packages are going to be delivered and picked up on time. On average, the Contractor can spend 1-3 hours per day at the terminal during dispatch hours. Some Contractors only go in once a week.
Website:
www.capitalroutesales.com
Market Outlook/
Competition:
3 main competitors: 1-USPS 2-UPS 3-Amazon There is so much freight to be moved this list one day will be longer. But for right now these are the big three "competitors." FedEx moves a lot of packages for the post office, and the Amazon volume is less than 2% of the overall volume at FedEx Ground.
Growth & Expansion:
FedEx Ground recently announced they will be adding 2 million pieces of smart post deliveries to the next work, with 20% of that already rolled out. They also expect E-commerce shipping to double from 50 million parcels per day to 100 million in the next 10 years. This will provide Contractors ample opportunity to grow their businesses.
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About the Sale

Reason For Selling:
3 contractors are tightening their areas up to meet ISP requirements.
Training/Support:
A training period will be provided where the new owner will learn the "back office" work as well as go on the routes and learn the areas. Typical training periods last 30 days.

Listing Info

ID:
1651080
Ad Detail Views:
1068

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$
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Business Listed by

Adam Armstrong

Capital Route Brokers, Inc.

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