Seller financing! 3 FedEx Ground Line Haul runs!

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Motivated seller!
Asking Price:
$350,000

Gross Revenue:
$607,436
Cash Flow:
 Not Disclosed
EBITDA:
$98,548
Inventory:
 Not Disclosed

FF&E:
$170,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

3 FedEx Ground linehaul runs based out of CO. 2 assigned runs, 1 unassigned run. Grossed over $600k in 2018, and nets $98k after all expenses are paid. 5 trucks come free and clear at closing valued at more than $170k. Average weekly mileage 9,500+ This is a great opportunity to expand this operation with 2 extra trucks in the fleet a Buyer could put those to work!

Principals only! Seller request that all Buyers furnish proof of funds of $350,000.00 and have 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:
Denver, Colorado
Year Established:
2015
Number of Employees:
4 FTE
Home Based:
Yes
Franchise:
Yes
Facilities:
The trucks are stored at the station when they are not out on the road. The Contractor works from their home office and is on stand by if any issues come up. Once a month the terminal holds a safety meeting. Drivers typically leave out Tuesday and return over the weekend. Monday's are maintenance days where the trucks are prepared for the upcoming 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:
Downsizing/retiring
Training/Support:
A training period will be provided to the Buyer.
Seller Financing:
Purchase price of $550k, $380k, seller will carry $170k

Listing Info

ID:
1600474
Ad Detail Views:
0

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Business Listed by

Adam Armstrong

Capital Route Brokers, Inc.

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