SBA approved FedEx Ground routes. $233k per year!

Ladson, SC (Dorchester County)

SBA approved FedEx Ground routes.  $233k per year!
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Asking Price: $1,200,000

Cash Flow: $223,357

Gross Revenue: $1,130,203


FF&E: $125,000

Inventory: N/A

Established: 2008

SBA approved FedEx Ground routes. $233k per year!

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Business Description

About the opportunity: This company was founded in 2008 to provide pickup and delivery service as a Contractor to FedEx Ground. The routes meet ISP requirements as they are currently overlapping and contiguous. An operations manager is in place to oversee the day to day operations.

In 2018 the company grossed $1,130,203.00 with an EBITDA of $233,357.00 . The deal will come with 13 trucks free and clear at closing. ISP ready business, the owner will help the Buyer transition into the new ISP model. There is a manager in place, along with 16 employees. Asking $1,200,000.00 with all reasonable offers considered. SBA approved with only $240k down!

Estimated SBA term and structure:

10-year term
No prepayment penalties
Borrower injection of approximately $240,000.00
SBA loan to be $1,000,673.97 at Prime + 2.75%, adjusted quarterly, (8.25% initial rate)
Estimated monthly loan payment $12,273.53

Principals only! Seller request that all Buyers furnish proof of funds and have a signed NDA in place prior to any additional information being released. Please ask for Adam or Megan Armstrong.

Detailed Information

16 FTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The trucks have assigned parking spots inside the FedEx hub when they are not in use. Package Handlers load and unload the trucks when they return at night, and load them early in the morning prior to dispatch. The Contractor works out of a home office during the day where they monitor their driver's progress at various points throughout the day to ensure all packages are going to be delivered and picked up on time. On average, the Contractor can spend 1-3 hours per day at the terminal during dispatch hours. Some Contractors only go in once a week. (Home Based)
3 main competitors: 1-USPS 2-UPS 3-Amazon There is so much freight to be moved this list one day will be longer. But for right now these are the big three "competitors." FedEx moves a lot of packages for the post office, and the Amazon volume is less than 3% to 4% of the overall volume at FedEx Ground.
Growth & Expansion:
Contractors can buy out other Contractors to expand their operation. FedEx Ground typically does not want a Contractor to own more than 10% of a terminal volume.
Support & Training:
A training period will be provided where the new owner will learn the "back office" work as well as go on the routes and learn the areas. Typical training periods last 30 days.
Reason for Selling:
Pursuing other interest.
This business is Home-Based
Business Website:
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Business Location

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(from currently available funds)
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Adam Armstrong

Business Listed By:
Adam Armstrong

Capital Route Brokers, Inc.

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