10 FedEx ISP Routes - East Louisville, KY

Louisville, KY (Jefferson County)

10 FedEx ISP Routes - East Louisville, KY
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Asking Price: $1,195,000

Cash Flow: $303,000

Gross Revenue: $1,222,762

EBITDA: $303,000

FF&E: $431,000

Inventory: $431,000

Established: 2000

10 FedEx ISP Routes - East Louisville, KY

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Business Description

Fast Growing - 100% overlapped and recently converted to ISP Agreement

Seller would like to exit the business before this years’ “Peak” Season

Business Overview:
• 10 FXG Pickup & Delivery routes - includes Home Delivery & Ground
• 100% overlapped routes and have already made the conversion to ISP – June 2019
• 1 Full-time manager in place with 21 years of service
• Seller is retiring after being in business for 32 years.

Financial Details:
• 2018 YE Revenue: $975,348
• 2019 Projected revenue w/ 2 new routes: $1,222,762
• Annual Free Cash flow: $303,000
• Clean financials w/ 3 years of tax returns

Vehicle Details:
• 12 trucks included in purchase price with free and clear title
• Newer Fleet: Average age of vehicles is 5.5 years
• Fleet value: $431,000

Employee Details:
• 12 employees
• Average employee tenure is 4 + years

Asking Price:
• $1,195,000
• SBA Financing may be available for qualified buyers

Please complete the attached non-disclosure agreement now and email to steve@smrcapital.com along with the first page of your bank or brokerage statement (with account number redacted), showing at least $200,000 down payment for the purchase. Upon receipt of completed and signed NDA and funds verification, the due diligence material will be emailed to you in a Dropbox link.

Detailed Information

Location:
Louisville, KY
Inventory:
Included in asking price
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Trucks are garaged at FedEx Terminal free of charge (Home Based)
Growth & Expansion:
FedEx Ground delivery has been driven by the boom in E-Commerce, which experts agree will continue indefinitely. Analysts expect FedEx to continue to grow at an average of 10 - 13 % +/year for the next 5 years
Support & Training:
Owner will work with buyer to ensure smooth transition
Reason for Selling:
Owner is retiring after 32 years in the business
Home-Based:
This business is Home-Based
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Contact the Seller

(from currently available funds)
 
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SMR Capital LLC.

Business Listed By:
SMR Capital, LLC.

SMR Capital, LLC.

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