23 FedEx Home Delivery Routes, 27 Vehicles, Baltimore, MD

Baltimore County, MD

Seller Financing Available
Routes.ForSale
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Asking Price: $1,625,000

Cash Flow: $544,000

Gross Revenue: $2,118,000

EBITDA: $544,000

FF&E: $300,000

Inventory: N/A

Established: 2004

23 FedEx Home Delivery Routes, 27 Vehicles, Baltimore, MD

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Business Description

Two General Managers, One Full Time Swing Driver! $100k SELLER FINANCING

$160,000 Seller Note Available! 10 year Amortization, 6.5% Interest, 5 year balloon payment. Note Reduces Equity Requirement. Now only need $267,500 Downpayment to purchase.

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 $267,500 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/f5b6e05b-85b4-4342-90b8-539a8dc170bf/template-signer-link/f773df79de3271f51a8e6bde249c766f

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

100% ISP Compliant, ISP Contract Through 4/24/2020
TWO MANAGERS! Two General Managers, One Full Time Swing Driver! (2 GM plus 1 Swing Driver) TWO ON-CALL Swing Drivers

Deal Recap:
TTM Gross Income: $1,824,700
Next Twelve Months Gross Income: $2,118,000
Purchase Price: $1,625,000
TTM Cash Flow: $300,000+
Next Twelve Months Cash Flow: $544,000+
Vehicle Value: $300,000
23 FedEx Home Routes, 27 FedEx Delivery Vehicles in Baltimore, MD.
Plus assumption of 5 truck loans with a value of $90,000.

FedEx Home Delivery Routes for sale $1,625,000. Currently grossing $2,118,000 and Nets $544k+ per year as an owner of the business. Includes 23 FedEx Home Routes 27 FedEx Delivery Vehicles worth an estimated $300k, and 26 employees in place willing to transfer with the business. This business operates out of a Baltimore, MD Hub and currently has 23 Drivers, TWO Managers, One Full time Swing Driver, and TWO ON-CALL Swing Drivers 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 Baltimore, Maryland. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction in the amount of $1,197,500.

What Does Financing do for you:

Example:
$267,500 DOWN PAYMENT = 16%
8.25% 10 year Amortization

Equity Investment: $ 267,500
Seller Financing: $160,000
SBA Loan: $ 1,197,500
Working Capital: $ 40,000
SBA Guarantee Fee: $ 37,125
Closing Costs: $ 15,000
Total SBA Loan: $ 1,289,625

Monthly SBA
Debt Service: $15,817.59
Monthly Seller Note
Debt Service: $1,816.77

Current cash flow: $544,000
Annual SBA
debt service: $189,811
Annual Seller Note
Debt Service: $21,801
Cash Flow Net
of Debt Service: $332,388

Cash on Cash
Return: 124.26%

Attached Documents


Detailed Information

Location:
Baltimore County, MD
Employees:
26
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Trucks are garaged at FedEx Delivery Hub in Baltimore 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 13.5+%/year for the next 5 years.
Financing:
160,000 - 10 year Amortization, 6.5% Interest, 5 year balloon payment
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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