SBA approved FedEx Ground routes. $233k per year!

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New price! With bank financing!
Asking Price:
$899,999

Gross Revenue:
$1,130,203
Cash Flow:
$223,357
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$125,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

About the opportunity: This company was founded in 2008 to provide pickup and delivery service as a Contractor to FedEx Ground. The routes meet ISP requirements as they are currently overlapping and contiguous. An operations manager is in place to oversee the day to day operations.

In 2018 the company grossed $1,130,203.00 with an EBITDA of $233,357.00 . The deal will come with 13 trucks free and clear at closing. ISP ready business, the owner will help the Buyer transition into the new ISP model. There is a manager in place, along with 16 employees. Asking $899,999.99. with all reasonable offers considered. SBA approved with only 180k down!

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

About the Business

Location:
Ladson, South Carolina
Year Established:
2008
Number of Employees:
16 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 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:
Pursuing other interest.
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:
1552349
Ad Detail Views:
705

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Business Listed by

Adam Armstrong

Capital Route Brokers, Inc.

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