FedEx Ground Dedicated Routes

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FedEx Ground Dedicated Routes
Asking Price:
$700,000

Gross Revenue:
$813,000
Cash Flow:
$276,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$125,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

4 dedicated/Assigned routes up for sale, servicing Central and Northern WV. Routes currently service two terminals roughly 30 miles apart. In 2007, the one terminal located in Bridgeport, WV processed 3-4000 packages daily. Currently the same terminal is receiving on average 4500 daily and the new terminal, a 100 thousand Sq Ft building that opened late in 2016, located in Morgantown, WV processes 4500 on average as well....basically doubling their package distribution in the same area in 10 years.

Not fully an absentee owner. I do fill in when needed mainly because I doubled my managers duties as a mechanic. With the right guy in place you could be an absentee. I am also willing to stay on as paid manager/driver for a period of time until new owner gets a good handle of the operation. I currently employ 4 drivers not including myself. Operating 4 trucks with 2 spares running roughly 9800 miles per week.

If trucks are purchased (not included in asking price), they will be signed over free and clear once sale goes through and allowing notes to be paid off.

About the Business

Location:
Morgantown, West Virginia
Year Established:
2007
Number of Employees:
5
Franchise:
Yes
Facilities:
Trucks show as inventory and not included in the asking price.

1996 T600 KW with less than 2 years on overhaul. -
2007 International 8600 with 90k original miles -
2003 International 9400I -
2005 International 9200 -
2006 International 9400I -
2011 T800 KW.
Market Outlook/
Competition:
FedEx Ground has a solid business structure, I've seen growth since day one and I don't foresee it to stop anytime soon with e-commerce and this areas ability to continues to grow year in and year out.

At most terminals and hubs...you have multiple contractors to compete with when new runs come available, being the only Line-haul Contractor out of both buildings has built in growth advantages.
Growth & Expansion:
The North Central WV area is booming with West Virginia University as a solid base. Companies like Mylan and NIOSH, 3 major hospitals and the oil and gas field industry booming all of which are contributing to a 7% growth annually.
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About the Sale

Reason For Selling:
Looking forward to the next project.
Training/Support:
Willing to stay on as an employee for a period of time to help with the transition.
Seller Financing:
Would be willing to finance part of the asking price, note terms negotiable.

Listing Info

ID:
1429495
Ad Detail Views:
0

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Business Listed by
Les Casteel

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U.S. Census Data for Monongalia County, WV
Age

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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 Monongalia County, WV
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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.


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