17 FedEx Home & Ground Routes, 20 FedEx Vehicles in Seattle, WA

King County, WA

Routes.ForSale
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Asking Price: $2,750,000

Cash Flow: $900,000

Gross Revenue: $2,400,000

EBITDA: $900,000

FF&E: $550,000

Inventory: N/A

Established: N/A

17 FedEx Home & Ground Routes, 20 FedEx Vehicles in Seattle, WA

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Business Description

95% Overlap! Two Managers! Increase of $212,000 in Cash flow from newly negotiat

Please complete the attached NDA now and Fax to 877-311-0970, along with the first page of your bank or brokerage statement (with account number redacted), showing at least $705,000 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.

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

95% Overlap and 100% ISP Compliant
Two Managers
Increase of $212,000 in Cash flow from newly negotiated Contract!

Deal Recap:
2017 Gross Income: $1,740,980
Trailing Twelve Months Revenue: $1,912,919
Next Twelve Months Gross Income: $2,407,000
Purchase Price: $2,750,000
2017 Cash Flow: $602,000+
Next Twelve Months Cash Flow: $900,000+
Vehicle Value: $550,000
17 FedEx Home & Ground Routes, 20 FedEx Delivery Vehicles in Seattle, Washington. Amazingly new Fleet; 3 truck leases to be assumed.

FedEx Home & Ground Delivery Routes for sale $2,750,000. Currently grossing $2,407,000 and Nets $900k+ per year as an owner of the business. Includes 17 FedEx Home & Ground Routes 20 FedEx Delivery Vehicles worth an estimated $550k, 3 truck leases to be assumed, and 19 employees in place willing to transfer with the business. Amazingly new Fleet; 3 truck leases to be assumed. This business operates out of a Seattle, Washington Hub and currently has 17 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 Washington. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction in the amount of $1,995,000.

What Does Financing do for you:

Example:
25% Down, 8.00% 10 year Amortization

Equity Investment: $ 705,000
SBA Loan: $ 1,995,000
Working Capital: $ 50,000
SBA Guarantee Fee: $ 61,350
Closing Costs: $ 20,000
Total SBA Loan: $ 2,126,350

Monthly SBA Debt Service: $25,798

Current cash flow: $900,000
Annual SBA debt service: $309,582
Cash Flow Net of Debt Service: $590,418
Cash on Cash Return: 83.75%

Attached Documents


Detailed Information

Location:
King County, WA
Employees:
19
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
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Darin Jerger

Business Listed By:
Darin Jerger

Aegis Investment Group, LLC

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