24 FedEx Routes (Two sets of 12), 30 FedEx Vehicles in Pierce Co, WA

Pierce County, WA

Routes.ForSale
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Asking Price: $2,500,000

Cash Flow: $875,000

Gross Revenue: $2,970,000

EBITDA: $875,000

FF&E: $400,000

Inventory: N/A

Established: 2017

24 FedEx Routes (Two sets of 12), 30 FedEx Vehicles in Pierce Co, WA

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Business Description

Two Sets of 12 FedEx Home & Ground Routes! 100% Overlap! One Manager for Each Se

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 $665,000 for both businesses, or $345,000 downpayment for a single 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/1a959d6e-b612-4196-866b-e2f043c4a1ec/template-signer-link/d632e56626f4a43a9d5f7e48022e1f0e

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

Two Sets of 12 FedEx Home & Ground Routes, each with 15 trucks.
100% Overlap and 100% ISP Compliant
One Manager for each package

Deal Recap:
2018 Gross Revenue: $2,500,000
Next Twelve Months Gross Income: $2,970,000
Purchase Price: $2,500,000; $1,200,000 (A) & $1,300,000 (B)
Next Twelve Months Cash Flow: $875,000+
Vehicle Value: $400,000
24 FedEx Home & Ground Routes, 30 FedEx Delivery Vehicles in Pierce County, Washington. Two sets of 12 Routes with 15 trucks, Delivery Area split evenly. Additional trucks are available.

Two Sets of 12 FedEx Home & Ground Delivery Routes for sale $1,200,000 & 1,300,000. Currently grossing $2,970,000 and Nets $875k+ per year as an owner of the business. Includes 24 total (12 & 12) FedEx Home & Ground Routes 30 (15 & 15) FedEx Delivery Vehicles worth an estimated $400k ($200k & $200k), and 26 employees (13 per business) in place willing to transfer with the business. This business operates out of a Pierce County, Washington Hub and currently has 24 Drivers and two Managers (12 Drivers and 1 manager per business), 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 these transactions in the amount of $880,000 (Group A) & 955,000 (Group B)

What Does Financing do for you:

Group A Purchase Example:
25% Down, 8.25% 10 year Amortization

Purchase Price $1,200,000

Equity Investment: $ 320,000
SBA Loan: $ 880,000
Working Capital: $ 40,000
SBA Guarantee Fee: $ 27,600
Closing Costs: $ 15,000
Total SBA Loan: $ 962,600

Monthly SBA Debt Service: $11,807

Current cash flow: $425,000
Annual SBA debt service: $141,679
Cash Flow Net of Debt Service: $283,322

Cash on Cash Return: 88.54%

Group B Purchase Example:
25% Down, 8.25% 10 year Amortization

Purchase Price $1,300,000

Equity Investment: $ 345,000
SBA Loan: $ 955,000
Working Capital: $ 40,000
SBA Guarantee Fee: $ 29,850
Closing Costs: $ 15,000
Total SBA Loan: $ 1,039,850

Monthly SBA Debt Service: $12,754

Current cash flow: $450,000
Annual SBA debt service: $141,679
Cash Flow Net of Debt Service: $296,952

Cash on Cash Return: 86.07%

Attached Documents


Detailed Information

Location:
Pierce County, WA
Employees:
26
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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