11 FedEx Home & Ground Routes, 15 FedEx Vehicles in Eastern Iowa

IA

Routes.ForSale
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Asking Price: $1,025,000

Cash Flow: $342,000

Gross Revenue: $1,033,000

EBITDA: $342,000

FF&E: $200,000

Inventory: N/A

Established: 1993

11 FedEx Home & Ground Routes, 15 FedEx Vehicles in Eastern Iowa

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Business Description

100% Overlap Compliant, HUGE 10%+ STOP GROWTH!

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 $270,000 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.

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

100% Overlap & ISP Compliant, HUGE 10%+ GROWTH!
EXPERIENCED MANAGER!

Deal Recap:
2018 Gross Income: $930,000
Next Twelve Months Gross Income: $1,033,000
Purchase Price: $1,025,000
2018 Cash flow: $310,000
Next Twelve Months Cash Flow: $342,000+
Vehicle Value: $200,000
11 FedEx Home & Ground Routes, 15 FedEx Delivery Vehicles in Eastern Iowa.

FedEx Home & Ground Delivery Routes for sale $1,025,000. Currently grossing $1,033,000 and Nets $342k+ per year as an owner of the business. Includes 11 FedEx Home & Ground Routes 15 FedEx Delivery Vehicles worth an estimated $200k, and 12 employees in place willing to transfer with the business. This business operates out of an Eastern Iowa Hub and currently has 11 Drivers and One Manager on staff. 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 Eastern Iowa. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction in the amount of $755,000.

What Does Financing do for you:

Example:
25% Down
8.25% 10 year Amortization

Equity Investment: $ 270,000
SBA Loan: $ 755,000
Working Capital: $ 20,000
SBA Guarantee Fee: $ 23,250
Closing Costs: $ 10,000
Total SBA Loan: $ 808,250

Monthly SBA
Debt Service: $9,913

Current cash flow: $342,000+
Annual SBA
debt service: $118,961
Cash Flow Net
of Debt Service: $223,039

Cash on Cash
Return: 82.61%

Attached Documents


Detailed Information

Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Trucks are garaged at FedEx Delivery Hub 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. E-Commerce currently makes up 9% of Retail sales, analysts believe this will grow to 25% by 2021. Analysts expectations are for FedEx Ground to continue to grow at an average of 13+%/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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