*You may fill out and sign the NDA online by clicking on the Sign Document button below or you may 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 $140,000 down payment as your Proof of Funds. Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a link to Box.
FedEx Home & Ground Delivery Routes for sale $1,840,000. Currently grossing $2,157,000 and Nets $614,000 per year as an owner of the business. Includes 17 FedEx Home & Ground Routes 19 FedEx Delivery Vehicles worth an estimated $340k, and 19 employees in place willing to transfer with the business.This business operates out of a King County, Washington State Hub and currently has 17 Drivers and two Managers 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 Washington State.
Reason for Selling: Other Interests, Retirement.
Gross Income: $2,157,000
Purchase Price: $1,840,000
2018 Cash Flow: $614,000
Vehicle Value: $340,000
What Does Financing do for you?
Example: 7.25% 10 year Amortization
Equity Investment: $475,500
|Working Capital: $40,000
SBA Guarantee Fee: $42,135
Closing Costs: $10,000
Total SBA Loan: $1,456,635
Monthly SBA Debt Service: $17,101
Current cash flow: $614,000
Annual SBA debt service: $205,213
Cash Flow Net of Debt Service: $408,787
Cash on Cash Return: 85.97%