*SOLD* 4 FedEx Home Delivery Routes, Washington DC - ISP Compliant

Beltsville, MD (Prince Georges County)

Routes.ForSale

Asking Price:$400,000

Cash Flow:$135,000

Gross Revenue:$408,000

EBITDA:$135,000

FF&E:$120,000

Inventory:N/A

Established:2014

*SOLD* 4 FedEx Home Delivery Routes, Washington DC - ISP Compliant

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Business Description

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

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 $200,000 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: $408,000
Purchase Price: $400,000
*plus assumption of 3 truck loans at $2314/mo
Cash Flow(net of loans): $135,000
Vehicle Value: $120,000
2 FORD 2015 P700
1 FORD 2016 P700
4 Home Routes DC

FedEx Ground & Home Delivery Routes for sale $400,000, plus assumption of 3 truck loans. Currently grossing $408,000 and Nets $135,000 per year as an owner of the business. Includes 4 Home Delivery Routes in Contiguous Service areas, 2 New 2015 P700 & 1 New 2016 P700 vehicles, (loan to be assumed) worth an estimated $120k, and 5 employees in place willing to transfer with the business. This business operates out of the Beltsville hub and currently has a manager in place, seller is a hands on owner who is willing to stay for a 45-90 day transmission period, subject to negotiation. Territory for this route is Washington, DC. THREE YEARS REMAINING ON FEDEX CONTRACT! Owner has new contract with FedEx as of October 2016, which runs through October 2019! FedEx pays weekly! Great Predictable Cash Flow at a Great Price!

Financing: SBA financing IS available for this transaction.

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.

What Does Financing do for you:

Example:
6.5% 10 year Amortization

Equity Investment: $180,000
SBA Loan: $220,000
Working Capital: $ 10,000
SBA Guarantee: $ 6,900
Closing Costs: $ 10,000
Total SBA Loan: $246,900

Monthly SBA
Debt Service: $2,803

Current cash flow: $135,000
Annual SBA
debt service: $33,642
Cash Flow Net
of Debt Service: $101,358

Cash on Cash
Return: 56.3%

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:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Trucks are garaged at FedEx Home Delivery Hub in Beltsville, 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. Analyst expectations are for FedEx to grow at an average of 10%/year for the next five years.
Support & Training:
Seller is willing to stay on for 45-90 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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