9 FedEx Home & Ground Routes and 14 Vehicles in Washington State

King County, WA

Routes.ForSale

Asking Price:$705,000

Cash Flow:$235,000

Gross Revenue:$855,000

EBITDA:$235,000

FF&E:$280,000

Inventory:N/A

Established:2000

9 FedEx Home & Ground Routes and 14 Vehicles in Washington State

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Business Description

Washington State :: 9 FedEx Home & Ground Routes, 14 Vehicles

Nearly 100% 2021 OVERLAP COMPLIANT

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 $185,000 downpayment for the purchase. Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a dropbox link.

Deal Recap:
Gross Income: $855,000
Purchase Price: $705,000
2017 Cash Flow: $235,000
Vehicle Value: $280,000
9 FedEx Home & Ground Routes and 14 FedEx Delivery Vehicles in Washington

9 FedEx Home & Ground Delivery Routes for sale $705,000. Routes are 50% 2021 Overlap Compliant. Currently grossing $855,000 and Nets $235,000 per year as an owner of the business. Includes 9 FedEx Home & Ground Routes and 14 FedEx Delivery Vehicles worth an estimated $280k, and 10 employees in place willing to transfer with the business. This business operates out of a Washington Hub and currently has 9 Drivers and a Manager 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 State. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction in the amount of $520,000.

What Does Financing do for you:

Example:
6.75% 10 year Amortization

Equity Investment: $ 185,000
SBA Loan: $ 520,000
Working Capital: $ 15,000
SBA Guarantee Fee: $ 16,050
Closing Costs: $ 10,000
Total SBA Loan: $ 561,050

Monthly SBA
Debt Service: $6,442

Current cash flow: $283,570
Annual SBA
debt service: $77,306
Cash Flow Net
of Debt Service: $158,263

Cash on Cash
Return: 85.55%

As as side note: If you are seeking SBA Financing on another FedEx deal please contact me for assistance. I have lenders other brokers do not.

Attached Documents


Detailed Information

Employees:
10
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Trucks are garaged at FedEx Delivery Hub in Washington State 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. Analysts expectations are for FedEx to continue to grow at an average of 11+%/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
Franchise:
This business is an established franchise

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Darin Jerger

Business Listed By:
Darin Jerger

Aegis Investment Group, LLC

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