Gross Revenue: $952,300
7 FedEx Home and Ground Routes, 3 Supplemental, Oakland County, MI
Please complete the attached NDA now and Fax to 877-311-0970 along with the first page of your bank or brokerage statement showing at least $300,000 downpayment for the purchase. Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a dropbox link.
Deal Recap: Gross Income: $952,000 Purchase Price: $1,000,000 2015 Cash Flow: $290,000 Vehicle Value: $185,000 7 FedEx Home and Ground Routes, 3 Supplemental Routes, Oakland County, MI FedEx Home & Ground Delivery Routes for sale $1,000,000. Currently grossing $952,000 and Nets $290,000 per year as an owner of the business. Includes 5 FedEx Home Delivery Routes,1 Supplemental Home Delivery Route, 2 FedEx Ground Delivery Routes, 2 Supplemental Ground Delivery Routes in Contiguous Service areas, 10 FedEx delivery vehicles worth an estimated $185k, and 11 employees in place willing to transfer with the business. This business operates out of the Lake Orion, MI hub and currently has a manager in place, seller is a hands on owner who is willing to stay for a 30-45 day transmission period, subject to negotiation. Territory for these routes is Oakland County, Michigan. FedEx pays weekly! Great Predictable Cash Flow at a Great Price! Financing: SBA financing IS available for this transaction. As as side note: If you are seeking SBA Financing on another FedEx deal, please contact me for assistance. I have lenders other brokers do not. What Does Financing do for you: Example: 6.5% 10 year Amortization Equity Investment: $250,000 SBA Loan: $750,000 Working Capital: $ 25,000 SBA Guarantee: $ 23,250 Closing Costs: $ 20,000 Total SBA Loan: $818,250 Monthly SBA Debt Service: $9,291 Current cash flow: $290,000 Annual SBA debt service: $111,493 Cash Flow Net of Debt Service: $178,507 Cash on Cash Return: 71.4% As as side note: If you are seeking SBA Financing on another FedEx deal please contact me for assistance. I have lenders other brokers do not.
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Trucks are garaged at FedEx Delivery Hub in Lake Orion, MI free of charge
Competition: The competition for FedEx Ground is USPS and UPS.
Growth & Expansion: The growth of the business is linked to the growth of FedEx Ground as a whole. FedEx Home delivery is one of the strongest segments of the FedEx Family. FedEx Home delivery has been driven by the boom in E-Commerce, which experts agree will continue indefinitely. Analyst expectations are for FedEx to grow at an average of 10%/year for the next five years.
Support & Training: Seller is willing to stay on for 30-45 days, subject to negotiation.
Reason for Selling: Other interests, Retirement
Franchise: This business is an established franchise
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