9 FedEx Ground Routes, 12 FedEx Vehicles in San Jose, CA

Contact Seller
San Jose California! Ground Routes With Manager!

Business Description

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 $247,500 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. Please use '1' as Country Code for SMS verification.

https://secure.rightsignature.com/templates/e85cd310-8086-4f51-9654-5696e47f8a04/template-signer-link/3dd34a70bdfda00755d3f44c00fb9d8d

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

100% ISP Compliant
One Manager

Deal Recap:
2017 Gross Income: $854,000
Next Twelve Months Gross Income: $930,000
Purchase Price: $950,000
Next Twelve Months Cash Flow: $270,000
Vehicle Value: $190,000
9 FedEx Ground Routes, 12 FedEx Delivery Vehicles in San Jose, California.

FedEx Home & Ground Delivery Routes for sale $950,000. Currently grossing $930,000 and Nets $270,000 per year as an owner of the business. Includes 9 FedEx Ground Routes 12 FedEx Delivery Vehicles worth an estimated $190k, and 10 employees in place willing to transfer with the business. This business operates out of a San Jose, California Hub and currently has 9 Drivers and a 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 California. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction in the amount of $702,500.

What Does Financing do for you:

Example:
25% Down
7.50% 10 year Amortization

Equity Investment: $ 247,500
SBA Loan: $ 702,500
Working Capital: $ 20,000
SBA Guarantee Fee: $ 21,675
Closing Costs: $ 10,000
Total SBA Loan: $ 754,175

Monthly SBA
Debt Service: $8,952

Current cash flow: $270,000
Annual SBA
debt service: $107,426
Cash Flow Net
of Debt Service: $162,574

Cash on Cash
Return: 65.69%

About the Business

Number of Employees:
10
Facilities:
Trucks are garaged at FedEx Delivery Hub in San Jose, CA 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. Analysts expectations are for FedEx to continue to grow at an average of 14.81%/year for the next 5 years.
Contact the Seller

About the Sale

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

Listing Info

ID:
1508302
Ad Detail Views:
511

Attached Files Attachment Disclaimer

  NDA (100 KB)
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Asking Price:
$950,000
Get Financing
Gross Revenue:
$930,000
Cash Flow:
$270,000
EBITDA:
$270,000
Inventory:
 Not Disclosed

FF&E:
$190,000
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Darin Jerger

Aegis Investment Group, LLC

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