10 FedEx Home & Ground Routes, 16 FedEx Vehicles in Skagit County, WA

Skagit County, WA

Routes.ForSale
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Asking Price: Get Financing: $1,300,000

Cash Flow: $433,000

Gross Revenue: $1,327,622

EBITDA: $433,000

FF&E: $300,000

Inventory: N/A

Established: 2011

10 FedEx Home & Ground Routes, 16 FedEx Vehicles in Skagit County, WA

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Business Description

10 FedEx Routes Skagit County, WA; 100% June 2020 Overlap, w/ Exp. Manager

Please complete the attached NDA now and Fax to 877-311-0970, or email to NDA@Routes.ForSale, along with the first page of your bank or brokerage statement (with account number redacted), showing at least $338,750 downpayment for the purchase.

OR

COPY & PASTE link below to your Web Browser address bar to Digitally sign the NDA and show proof of funds through RightSignature. Please use '1' as Country Code for SMS verification.

https://secure.rightsignature.com/templates/bf7f0ab6-d441-440e-aaa4-ec6bcd0105fc/template-signer-link/a9a332169a0e1560e9c50724e9913057

Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a Box.com link.

100% Overlap & 100% ISP Compliant
One Manager, 4 Spare vehicles, 6 additional trucks available for purchase

Deal Recap:
2017 Gross Income: $1,141,472
Next Twelve Months Gross Income: $1,327,622
Purchase Price: $1,300,000
2017 Cash Flow: $400,000+
Next Twelve Months Cash Flow: $433,000+
Vehicle Value: $240,000
10 FedEx Home & Ground Routes, 16 FedEx Delivery Vehicles in Skagit County, WA.

FedEx Home & Ground Delivery Routes for sale $1,300,000. Currently grossing $1,327,622 and Nets $433k+ per year as an owner of the business. Includes 10 FedEx Home & Ground Routes 16 FedEx Delivery Vehicles worth an estimated $240k, and 11 employees in place willing to transfer with the business. This business operates out of a Skagit County, WA Hub and currently has 10 Drivers and a Manager in place, seller is a hands on owner who is willing to stay for a 30-45 day transition period, subject to negotiation. Territory for these routes is Washington State. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction in the amount of $961,250.

What Does Financing do for you:

Example:
25% Down
7.50% 10 year Amortization

Equity Investment: $ 338,750
SBA Loan: $ 961,250
Working Capital: $ 30,000
SBA Guarantee Fee: $ 29,738
Closing Costs: $ 15,000
Total SBA Loan: $ 1,035,988

Monthly SBA
Debt Service: $12,297

Current cash flow: $433,000
Annual SBA
debt service: $147,568
Cash Flow Net
of Debt Service: $285,432

Cash on Cash
Return: 84.26%

Attached Documents


Detailed Information

Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Trucks are garaged at FedEx Delivery Hub in Washington State 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 as a whole. FedEx Ground & Home delivery are the strongest segments of the FedEx Family. FedEx Ground & Home delivery have been driven by the boom in E-Commerce, which experts agree will continue indefinitely. Analysts expectations are for FedEx to continue to grow at an average of 15+%/year for the next 5 years.
Support & Training:
Seller is willing to stay on for 30-45 days, subject to negotiation.
Reason for Selling:
Other Interests, Retirement
Contact Seller

Contact the Seller

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Darin Jerger

Business Listed By:
Darin Jerger

Aegis Investment Group, LLC

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