Niche Mailbox and Shipping Business-Bellevue

Bellevue, WA (King County)

Seller Financing Available
Niche Mailbox and Shipping Business-Bellevue

Asking Price:$125,000

Cash Flow:$66,624

Gross Revenue:$356,832

EBITDA:$66,624

FF&E:$50,000

Inventory:$4,000*

Established:2004

*not included in asking price.

Niche Mailbox and Shipping Business-Bellevue

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Business Description

This mailbox business is well established in the same shopping center for 12 years. It is located in the middle of Bellevue’s Commercial and retail centers. It has plenty of available parking and a delivery door in the back for large items and packages. . It offers Mailboxes, shipping, packaging, Notary, Faxing, Copying (Color and B&W), shredding, emailing, and its niche specialty of being the only shipping business on the E-Side that does custom crating and shipping (nationally, and internationally), and retail items. They build custom crates, boxes, and pallets for shipping large, oversized, and fragile items. They pack and ship paintings, sculptures, items of glass, antiques, cars, furniture, and auction treasures. There are 125 mailboxes (6 large, 32 medium, and 87 small) – they are 80% rented out. The seller has an additional bank of 4 mailboxes that he is not using. 90% of the customers are regular users and 10% are commercial users. The seller has a database of over 5,000 customers that can be utilized by the new owner for social media and email contact. The business has multiple revenue sources of having a U-Haul dealership and the buying of used school books and then selling them to a dealer. Due to the proven location, the lack of competition, its specialty of crating and shipping, and the high quality of customer service this business seems to grow on its own. The new owner could offer passport photos, fingerprinting, banners, business cards, printing, internet access and some graphic design opportunities. This is a national Franchise and the monthly franchise fee is 5% of the gross revenues (excluding the U-Haul and book resale) plus a 2% Ad fund fee (the franchise reimburses the owner $1,000 per year out of this fund). The transfer fee is $7,500. There is Seller financing with 50% down, a 3 year term, at 6% interest. The Seller is getting ready to retire and is willing to look at offers. This is a turnkey business with a good cash flow.$25K Price Drop - Very motivated Seller

Detailed Information

Inventory:
Not included in asking price
Employees:
1 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This mailbox business is well established in the same shopping center for 12 years. It has plenty of available parking. The business occupies 1350 sq ft with a total rent of $3,000 per month. The Lease runs till 6/30/2016 with a 5 year option to extend the term. The copier, the postage meter, and the credit card machine are all leased for a total of $298 per month.
Competition:
There is no immediate competition in the surrounding area and this is the only mailing company on the E-Side that does crating and shipping. The business also buys and resells used school books. The addition of having a U-Haul dealership helps to bring in additional income and recognition in the surrounding area. The business has a great location and has a strong and loyal client base for over 12 years. This is a turnkey business.
Growth & Expansion:
Due to the proven location, the lack of competition, its specialty of crating and shipping, and the high quality of customer service this business seems to grow on its own. The new owner could offer passport photos, fingerprinting, banners, business cards, printing, internet access and some graphic design opportunities.
Financing:
Cash, Bank Financing, Seller terms with 50% down – 3 year term – 6%
Support & Training:
The Franchiser will provide two weeks of intensive training at their headquarters in Denver, Colorado and the Seller will provide one week of intensive onsite training, after closing. This is a national Franchise and the monthly franchise fee is 5% of the gross revenues (excluding the U-Haul and book resale) plus a 2% Ad fund fee (the franchise reimburses the owner $1,000 per year out of this fund). The transfer fee is $7,500.
Reason for Selling:
The Seller is preparing to retire
Franchise:
This business is an established franchise

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Kirk L. Edwards, CBB, CBIS

Business Listed By:
Kirk L. Edwards, CBB, CBIS

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