5 Dedicated FedEx Ground Linehaul Runs + Spot Work (FedEx Routes)

PA

5 Dedicated FedEx Ground Linehaul Runs + Spot Work (FedEx Routes)
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Asking Price: $325,000

Cash Flow: $180,071

Gross Revenue: $1,064,343

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 1997

5 Dedicated FedEx Ground Linehaul Runs + Spot Work (FedEx Routes)

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Business Description

Join the parcel industry boom at an amazing price with 5 Assigned/Dedicated FedEx Ground Linehaul Runs plus trailer spot work. E-commerce continues to drive double digit growth in package shipping. This contractor continues to experience year over year growth including double digit growth in revenue. The owner is not a driver and just manages the business. Just in the past five years, FedEx Ground has added nearly 36 million square feet to its network, including the opening of 9 new hubs and 58 automated stations.

This opportunity is for 5 Assigned/Dedicated FedEx Ground Linehaul Runs and Spot Work based out of a Pennsylvania FedEx Ground terminal. The Asset Sale includes:

• (5) FedEx Ground Assigned Linehaul Runs + Spot Work
• (4) Road tractors free & clear (optional-asking price can be reduced if trucks not desired)
• (3) Road tractor lease assumptions (optional)
• Option to transfer over drivers including back-up and seasonal drivers in place

3 Years of Tax Returns available to Buyer for due diligence after accepted Letter of Intent.

Linehaul contractors transport FedEx Ground owned trailers over the road between FedEx Ground terminals, hubs, and sometimes customer locations. As an owner of a FedEx Ground contracted entity you are not required to be a driver or even hold a CDL. You may appoint a Business Contact as the touch point for day-to-day operational activities. Contractors are paid weekly (no accounts receivable) resulting in a very stable cash flow.

FedEx Ground contractors bear all responsibilities for:

• Trucks: Expenses related to fuel, truck insurance, and other related truck expenses as well as maintaining safe and reliable contractor owned/leased trucks.
• Employer-related expenses: Expenses including recruiting, wages, salaries, benefits, employment taxes, unemployment insurance, workers’ compensation coverage, and any others mandated by local, state/provincial and federal governments.
• Entity Compliance: Maintaining payroll and employment records, and complying with all applicable local, state and federal laws, including legally authorized to work in the U.S
• Training their personnel and drivers
• ...and any other costs of managing a business, employees, and trucks

ALL INTERESTED PARTIES WILL BE REQUIRED TO EXECUTE A CONFIDENTIAL INFORMATION RELEASE AGREEMENT AND PROVIDE PROOF OF FUNDS BEFORE ANY ADDITIONAL INFORMATION WILL BE PROVIDED

Detailed Information

Employees:
6
Facilities:
FedEx Ground offers free assigned parking for trucks at the terminals & hubs. This eliminates the expenses and needs for a storage yard, private office, or building. The free parking area is typically secured with both fencing and security cameras. A large portion of FedEx Ground contractors run their businesses out of their home offices. (Home Based)
Competition:
Very limited competition. This linehaul contractor holds a Transportation Service Provider Agreement (TSPA) with FedEx Ground that contractually protects it services.
Growth & Expansion:
This Linehaul Contractor has grown every year in the past several years. As FedEx Ground, a FORTUNE World’s Most Admired Company, continues to enjoy sustained network and market share growth along with the benefits of the e-commerce boom. The businesses that contract with FedEx Ground have excellent opportunities to grow as well. Just in the past five years, FedEx Ground has added nearly 36 million square feet to its network, including the opening of 9 new hubs and 58 automated stations. A rapidly expanding network of regional hubs and local stations creates a need for contractors that can provide safe and dependable over-the-road service. FedEx Ground issues growth opportunities for contractors to add additional linehaul runs to their contract as a result. Many contractors are able to double and even triple their size and revenue in just a few years.
Support & Training:
The Seller is willing to train and assist the Buyer as needed and ultimately negotiated.
Reason for Selling:
Retirement-This nondriving owner has been managing the entity for over 20 years
Home-Based:
This business is Home-Based
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MyGround Sales

Business Listed By:
MyGround Sales

MyGround Support LLC

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