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SALE PENDING -9 FedEx Routes - Western Michigan - 100% Overlap

MI

SALE PENDING -9 FedEx Routes - Western Michigan - 100% Overlap
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Asking Price: $795,000

Cash Flow: $357,107

Gross Revenue: $1,112,921

EBITDA: $357,107

FF&E: $334,000

Inventory: $334,000

Established: 1998

SALE PENDING -9 FedEx Routes - Western Michigan - 100% Overlap

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Business Description

New routes + New ISP Agreement effective 7/6/2019

Business Overview:
• 9-10 FXG Pickup & Delivery routes (depends on the day) - includes Home Delivery & Ground
• 100% overlapped routes and have already made the conversion to ISP
• 1 Full-time manager in place
• Seller is looking to pursue other interests after being in business since 1998

Financial Details:
• Annual Revenue $1,112,921 – Add’l routes + New ISP Agreement effective 7/6/2019
• Cash Flow: $357,107
• Clean financials w/ 3 years of tax returns

Vehicle Details:
• 9 Vehicles included in purchase price with free and clear title – renting 1 now
• New Fleet: Average age of vehicle is 3 years
• Total Vehicle value: $334,000

Employee Details:
• 11 employees
• Average tenure 2.0 years

Asking Price:
• $795,000
• SBA Financing may be available for qualified buyers

Please complete the attached non-disclosure agreement now and email to steve@smrcapital.com along with the first page of your bank or brokerage statement (with account number redacted), showing at least $160,000 down payment for the purchase. Upon receipt of completed and signed NDA and funds verification, the due diligence material will be emailed to you in a Dropbox link.

Detailed Information

Inventory:
Included in asking price
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Trucks are garaged at FedEx Terminal free of charge (Home Based)
Growth & Expansion:
FedEx Ground delivery has been driven by the boom in E-Commerce, which experts agree will continue indefinitely. Analysts expect FedEx to continue to grow at an average of 10 - 13 % +/year for the next 5 years
Support & Training:
Owner will work with buyer to ensure smooth transition
Reason for Selling:
Pursue other business interests
Home-Based:
This business is Home-Based
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Contact the Seller

(from currently available funds)
 
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SMR Capital LLC.

Business Listed By:
SMR Capital, LLC.

SMR Capital, LLC.

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