10 Profitable OVERLAPPED FedEx Routes, Cedar Rapids IA -SBA FINANCING!

Cedar Rapids, IA (Linn County)

10 Profitable OVERLAPPED FedEx Routes, Cedar Rapids IA -SBA FINANCING!
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Asking Price: $1,049,000

Cash Flow: $324,000

Gross Revenue: $915,000

EBITDA: $324,000

FF&E: $200,000

Inventory: N/A

Established: 2000

10 Profitable OVERLAPPED FedEx Routes, Cedar Rapids IA -SBA FINANCING!

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Business Description

10 well-established and highly profitable FedEx GROUND + HOME DELIVERY routes based out of the Cedar Rapids IOWA station. Routes are mostly contiguous making load sharing efficient. 100% overlapped in compliance with new upcoming FedEx requirements. Each route comes with a truck and experienced driver already in place. Spare vehicle(s) possibly available.

Business expected to see double digit organic growth. Turnkey and a great opportunity for semi-absentee ownership with full time manager in place! Detailed due diligence materials provided.

These assets are ready to generate cash flow on day one.

SBA FINANCING AVAILABLE FOR QUALIFIED BUYERS!

Detailed Information

Location:
Cedar Rapids, IA
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
10 trucks (additional spares also available). (Home Based)
Competition:
Contractually protected service areas.
Growth & Expansion:
FedEx grows organically as package volume has shown consistent growth each year. FedEx also provides yearly contract enhancements. Expected annual growth of double digits. Growth can also be achieved by adding/purchasing more routes.
Financing:
Seller prefers a cash transaction. SBA FINANCING AVAILABLE!
Support & Training:
Extensive training will be provided by seller as necessary to ensure buyer is fully prepared.
Reason for Selling:
Seller retiring
Home-Based:
This business is Home-Based
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Allan Mendell

Business Listed By:
Allan Mendell

FXG Partners

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