FedEx Ground ISP – 29-Vehicle P&D Fleet – Spokane, WA
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FedEx Ground ISP – Spokane, WA - 29-Vehicle P&D Fleet
Clover Leaf Transportation, Inc. operates as a FedEx Ground Independent Service Provider under ISPA No. C8886962, serving the Spokane, WA metropolitan market through terminal Station #00992. The company maintains exclusive operational rights within Contracted Service Area ID 301606, encompassing eight fully-assigned ZIP codes and partial-ZIP urban corridors throughout the greater Spokane region.
The operation maintains a 29-vehicle fleet with 23 units currently enrolled under active Schedule B designation, supported by a 22-person workforce executing 15-17 active pickup and delivery routes weekly. The current Independent Service Provider Agreement remains in effect through February 26, 2027, operating under the 2025.06.14 contract form executed in September 2025.
Financial Performance:
The company generated $2,067,608 in total revenue for 2023, with trailing twelve-month revenue of $2,163,940, representing a 4.7% year-over-year increase. Current 2026 year-to-date settlement activity indicates an annualized revenue run rate between $2.18M-$2.43M. Revenue structure includes a guaranteed $12,000 weekly Service Charge ($624,000 annualized) complemented by activity-based stop, package, and surge charges under established rate schedules.
Operational Infrastructure:
The fleet maintains $311,000 in long-term vehicle financing as of year-end 2023. Current payroll represents approximately 69% of revenue, supporting established route operations and service delivery commitments. The depreciated fleet status presents potential tax advantages and equipment upgrade opportunities for qualified buyers.
Investment Opportunity:
Offered at $1,150,000, representing approximately 0.53x trailing revenue, this acquisition includes FedEx contract rights transfer and operational assets. The transaction structure requires standard ISP assignment procedures and FedEx corporate consent. The established customer base, secured territorial rights, and multi-year contract term provide operational stability and revenue predictability for qualified transportation industry investors.
This turnkey logistics operation offers immediate market entry into the FedEx Ground network with established infrastructure, trained personnel, and secured territorial exclusivity in the Spokane metropolitan market.
The operation maintains a 29-vehicle fleet with 23 units currently enrolled under active Schedule B designation, supported by a 22-person workforce executing 15-17 active pickup and delivery routes weekly. The current Independent Service Provider Agreement remains in effect through February 26, 2027, operating under the 2025.06.14 contract form executed in September 2025.
Financial Performance:
The company generated $2,067,608 in total revenue for 2023, with trailing twelve-month revenue of $2,163,940, representing a 4.7% year-over-year increase. Current 2026 year-to-date settlement activity indicates an annualized revenue run rate between $2.18M-$2.43M. Revenue structure includes a guaranteed $12,000 weekly Service Charge ($624,000 annualized) complemented by activity-based stop, package, and surge charges under established rate schedules.
Operational Infrastructure:
The fleet maintains $311,000 in long-term vehicle financing as of year-end 2023. Current payroll represents approximately 69% of revenue, supporting established route operations and service delivery commitments. The depreciated fleet status presents potential tax advantages and equipment upgrade opportunities for qualified buyers.
Investment Opportunity:
Offered at $1,150,000, representing approximately 0.53x trailing revenue, this acquisition includes FedEx contract rights transfer and operational assets. The transaction structure requires standard ISP assignment procedures and FedEx corporate consent. The established customer base, secured territorial rights, and multi-year contract term provide operational stability and revenue predictability for qualified transportation industry investors.
This turnkey logistics operation offers immediate market entry into the FedEx Ground network with established infrastructure, trained personnel, and secured territorial exclusivity in the Spokane metropolitan market.
About the Business
- Years in Operation
- 15
- Employees
- 22 Full-time
- Facilities & Assets
- Operations are based out of a leased facility in Spokane Valley, WA, supporting a fleet of 29 delivery vehicles (step vans, box trucks, and cargo vans) used to service an established FedEx route territory. The fleet spans a range of vintages and is actively maintained in-house, with dedicated repair and parts spend built into current operations. The business uses GPS/fleet-tracking software and FedEx-issued handheld scanners for route dispatch and delivery confirmation, along with company uniforms and driver safety equipment. No real property is owned; the facility lease can transfer or be renegotiated with new ownership. A buyer steps into a fully equipped, turnkey delivery operation without needing to source vehicles or route infrastructure from scratch.
- Market Outlook / Competition
- This business operates as an Independent Service Provider (ISP) within the FedEx Ground/Home Delivery network, a model built around long-term, exclusive route territories rather than head-to-head local competition — each ISP is assigned its own service area under contract, so day-to-day competitive pressure within the territory is limited. The broader competitive landscape includes other last-mile carriers (UPS, regional couriers, and in-house retail delivery), but demand for contracted last-mile delivery capacity has grown steadily with e-commerce volumes across the Inland Northwest region. The primary business risk and opportunity is tied to the underlying FedEx contract itself — its terms, performance standing, and renewal — rather than local market share.
- Opportunities for Growth
- Immediate upside for a new owner includes tightening operating costs and replacement of the oldest vehicles that would reduce the business's current repair and maintenance load, one of its largest recurring expenses. Additional growth avenues include pursuing additional routes or a larger service area within the FedEx ISP network as they become available, and formalizing back-office and dispatch processes to support scale. A new owner with working capital to invest in fleet modernization and route expansion is better positioned to grow density and margin than the business has been run to date.
About the Sale
- Transition Support
- Current ownership is available to support a transition period post-close to help a new owner get up to speed on route operations, driver scheduling, and FedEx reporting requirements (exact duration and terms negotiable as part of the deal). Day-to-day back-office functions (payroll, bookkeeping, and HR compliance) are currently handled by a third-party administrative service, which can continue to support operations through and after a transition. Drivers and route staff are already trained and in place, reducing ramp-up time for a new owner. FedEx also provides its own contractor onboarding, safety, and compliance training as part of the ISP program, which a new owner or operator would complete as part of qualifying to run the contract.
Listing Info
- ID
- 2535957
- Listing Views
Listing ID: 2535957 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 of Use. Learn how to avoid scams.
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