*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 $498,500 down payment as your Proof of Funds. 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
SBA financing IS available for this transaction in the amount of $1,420,000.
|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%
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.