*SALE PENDING* 16 FedEx Routes, 15 FedEx Vehicles, Guilford Co., NC

Forsyth County, NC

Routes.ForSale
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Asking Price: $1,530,000

Cash Flow: $510,000

Gross Revenue: $1,654,000

EBITDA: $510,000

FF&E: $280,000

Inventory: N/A

Established: 2010

*SALE PENDING* 16 FedEx Routes, 15 FedEx Vehicles, Guilford Co., NC

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Business Description

$150,000 Seller Note Available; Reduces Downpayment requirement!

*SALE PENDING*

$150,000 Seller Note Available! Note Reduces Equity Requirement. Now only need $250,000 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 $250,000 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. Please use '1' as Country Code for SMS verification.

https://secure.rightsignature.com/templates/95e69221-97d6-44c0-bff9-e5e7e9fcbe6c/template-signer-link/34ec0f6211c3ee5de3a204f93e87bf48

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

90% Overlap & 100% ISP Compliant
One Manager

Deal Recap:
2017 Gross Income: $1,386,000
Next Twelve Months Gross Income: $1,654,000
Purchase Price: $1,530,000
2017 Cash Flow: $456,000
Next Twelve Months Cash Flow: $510,000
Vehicle Value: $280,000
16 FedEx Home & Ground Routes, (10 PSAs, 6 supp.) 15 FedEx Delivery Vehicles in Guilford County, North Carolina.

FedEx Home & Ground Delivery Routes for sale $1,530,000. Currently grossing $1,654,000 and Nets $510,000 per year as an owner of the business. Includes 16 FedEx Home & Ground Routes (10 PSAs, 6 supp.) 15 FedEx Delivery Vehicles worth an estimated $280k, and 17 employees in place willing to transfer with the business. This business operates out of a Guilford County, North Carolina Hub and currently has 16 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 North Carolina. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction in the amount of $1,131,250.

What Does Financing do for you:

Example:
25% Down
7.50% 10 year Amortization

Equity Investment: $ 398,750
SBA Loan: $ 1,131,250
Working Capital: $ 40,000
SBA Guarantee Fee: $ 35,138
Closing Costs: $ 15,000
Total SBA Loan: $ 1,221,388

Monthly SBA
Debt Service: $14,498

Current cash flow: $510,000
Annual SBA
debt service: $173,977
Cash Flow Net
of Debt Service: $336,023

Cash on Cash
Return: 84.27%

Attached Documents


Detailed Information

Location:
Forsyth County, NC
Employees:
17
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Trucks are garaged at FedEx Delivery Hub in North Carolina 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 14.81%/year for the next 5 years.
Financing:
$150,000 Seller Note
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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