2 Dedicated and 2 Unassigned FedEx Linehaul Routes, Forsyth County, NC

Forsyth County, NC

Routes.ForSale
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Asking Price: $580,000

Cash Flow: $180,000

Gross Revenue: $650,000

EBITDA: $180,000

FF&E: $90,000

Inventory: N/A

Established: N/A

2 Dedicated and 2 Unassigned FedEx Linehaul Routes, Forsyth County, NC

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Business Description

2 Dedicated Linehaul Routes, 2 Unassigned

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 $160,000 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/38f0968c-046b-4b8e-8b51-f7e9d14a1d00/template-signer-link/12d2192b443d5762fabf6a49f6ec6368

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

Deal Recap:
2018 Gross Income: $600,000
Next Twelve months Projected Gross Income: $650,000
Purchase Price: $580,000, Plus assumption of Leased Tractor
2018 Cash flow: $150,000
Next Twelve months Projected Cash Flow: $180,000
Vehicle Value: $90,000
2 Dedicated and 2 Unassigned FedEx Linehaul Routes Forsyth County, North Carolina; 4 Tractors. Includes One Tractor lease to be assumed.

2 Dedicated and 2 Unassigned FedEx Linehaul Routes Forsyth County, North Carolina for sale $580,000. Currently grossing $650,000 and Nets $180,000 per year as an owner of the business. Includes 2 Dedicated and 2 Unassigned FedEx Linehaul Routes and 3 FedEx tractors worth an estimated $90k, and 4 employees in place willing to transfer with the business. This business operates out of a Forsyth County Hub and currently has 4 CDL Drivers in place, Seller manages business; 18 hours weekly is owner time commitment. Seller is a hands on owner who is willing to stay for a 30-45 day transition period, subject to negotiation. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction in the amount of $420,000.

What Does Financing do for you:

Example:
8.00% 10 year Amortization

Equity Investment: $ 160,000
SBA Loan: $ 420,000
Working Capital: $ 20,000
SBA Guarantee Fee: $ 13,200
Closing Costs: $ 10,000
Total SBA Loan: $ 463,200

Monthly SBA Debt Service: $ 5,620

Current cash flow: $180,000
Annual SBA debt service: $ 67,439
Cash Flow Net of Debt Service: $ 112,561

Cash on Cash Return: 70.35%

Attached Documents


Detailed Information

Location:
Forsyth County, NC
Employees:
4
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 by 35% through 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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Contact the Seller

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Darin Jerger

Business Listed By:
Darin Jerger

Aegis Investment Group, LLC

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