FedEx Ground routes nets $143k per year!

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Motivated Seller!
Asking Price:
$350,000

Gross Revenue:
$1,126,537
Cash Flow:
$143,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$173,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Company highlights:

-The company is projecting to gross over $1.1 million in 2019
-Nets $143,000.00 after all expenses are paid.
-All trucks will be paid off at closing, vehicles are worth $173,000.00.
-ISP NC transitions to ISP in May, Seller will assist the Buyer with the transition.
-Only asking $350,000.00 with $50,000.00 owner financing!

Principals only! Seller request that all Buyers furnish proof of funds and a signed NDA in place prior to any additional information being released. Please ask for Adam or Megan. Please allow 24 hours to hear from us.

About the Business

Location:
North Carolina
Year Established:
2018
Number of Employees:
15 FTE
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 3% to 4% of the overall volume at FedEx Ground.
Growth & Expansion:
Contractors can buy out other Contractors to expand their operation. FedEx Ground typically does not want a Contractor to own more than 10% of a terminal volume.
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About the Sale

Reason For Selling:
Change in family dynamics
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.
Seller Financing:
$50,000.00

Listing Info

ID:
1613947
Ad Detail Views:
0

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Business Listed by

Adam Armstrong

Capital Route Brokers, Inc.

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