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12 FedEx Home & Ground Routes, 15 Vehicles in Wayne County, MI

Wayne County, MI

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

Cash Flow: $430,000

Gross Revenue: $1,445,000

EBITDA: $430,000

FF&E: $250,000

Inventory: N/A

Established: 2006

12 FedEx Home & Ground Routes, 15 Vehicles in Wayne County, MI

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Business Description

100% OVERLAP! TWO MANAGERS!

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 $350,000 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.

https://secure.rightsignature.com/templates/79262523-f119-4ad3-aa66-5929d0ce885f/template-signer-link/c35faa34de636bb0fb72e32d7df7aabc

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

100% Overlap & ISP Compliant
Two Managers

Deal Recap:
Next Twelve Months Gross Income: $1,445,000
Purchase Price: $1,300,000
Next Twelve Months Cash Flow: $430,000+
Vehicle Value: $250,000
12 FedEx Home & Ground Routes, 15 FedEx Delivery Vehicles in Wayne County, MI. Plus the assumption of 1 vehicle loan

FedEx Home & Ground Delivery Routes for sale $1,300,000, Plus the assumption of 1 vehicle loan. Currently grossing $1,445,000 and Nets $430k+ per year as an owner of the business. Includes 12 FedEx Home & Ground Routes 15 FedEx Delivery Vehicles worth an estimated $250k, and 14 employees in place willing to transfer with the business. This business operates out of a Wayne County Michigan Hub and currently has 12 Drivers and TWO Managers 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 Michigan. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction in the amount of $945,000.

What Does Financing do for you:

Example:
25% Down
8.00% 10 year Amortization

Equity Investment: $ 350,000
SBA Loan: $ 945,000
Working Capital: $ 50,000
SBA Guarantee Fee: $ 30,000
Closing Costs: $ 20,000
Total SBA Loan: $ 1,050,000

Monthly SBA
Debt Service: $12,739

Current cash flow: $430,000
Annual SBA
debt service: $152,873
Cash Flow Net
of Debt Service: $277,127

Cash on Cash
Return: 79.18%

Attached Documents


Detailed Information

Location:
Wayne County, MI
Employees:
14
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 to continue to grow at an average of 12.5+%/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
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Contact the Seller

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Darin Jerger

Business Listed By:
Darin Jerger

Aegis Investment Group, LLC

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