* SALE PENDING* 17 FedEx Home Routes, 18 Vehicles Baltimore, MD

Baltimore, MD (Baltimore City County)

Routes.ForSale

Asking Price:$1,920,000

Cash Flow:$640,000

Gross Revenue:$1,844,000

EBITDA:$640,000

FF&E:$360,000

Inventory:N/A

Established:2003

* SALE PENDING* 17 FedEx Home Routes, 18 Vehicles Baltimore, MD

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Business Description

* SALE PENDING* Click on ‘Contact Seller’ to be added to our mailing list and get first notification on our new listings coming in MD.

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 $498,500 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: $1,844,000
Purchase Price: $1,920,000
2017 Cash Flow: $640,000
Vehicle Value: $360,000
17 Home Routes, 18 FedEx Delivery Vehicles, Baltimore County, Maryland

FedEx Home Delivery Routes for sale $1,920,000. Currently grossing $1,844,000 and Nets $640,000 per year as an owner of the business. Includes 17 Home Delivery Routes in Contiguous Service areas, 18 FedEx delivery vehicles worth an estimated $360k, and 22 employees in place willing to transfer with the business. This business operates out of a Baltimore, MD hub and currently has a Manager in place and a Maintenance-Back up Manager, 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 County, Maryland. Owner has new contract with FedEx as of July 2017, which runs through July 2020. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction in the amount of $1,420,000.

What Does Financing do for you:

Example:
6.75% 10 year Amortization

Equity Investment: $ 498,500
SBA Loan: $1,421,500
Working Capital: $ 20,000
SBA Guarantee Fee: $ 43,245
Closing Costs: $ 10,000
Total SBA Loan: $1,494,745

Monthly SBA
Debt Service: $17,163

Current cash flow: $640,000
Annual SBA
debt service: $205,959
Cash Flow Net
of Debt Service: $434,040

First Year Equity Investment Cash
Return: 87.07%

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:
22
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Trucks are garaged at FedEx Home Delivery Hub in Baltimore, MD 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 Ground as a whole. FedEx Home delivery is one of the strongest segments of the FedEx Family. FedEx Home delivery has 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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