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23 FedEx Home Routes, 27 FedEx Delivery Vehicles in Baltimore, MD

*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 $267,500 down payment as your Proof of Funds. Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a link to Box.com

Sign Document

Purchase Price: $1,625,000
$160,000 Seller Note Available! Note Reduces Equity Requirement. Now only need $267,500 Downpayment to purchase.
100% ISP Compliant, ISP Contract Through 4/24/2020
TWO MANAGERS! Two General Managers, One Full Time Swing Driver!
(2 GM plus 1 Swing Driver) TWO ON-CALL Swing Drivers

Deal Recap:
TTM Gross Income: $1,824,700
Next Twelve Months Gross Income: $2,118,000
Purchase Price: $1,625,000
TTM Cash Flow: $300,000+
Next Twelve Months Cash Flow: $544,000+
Vehicle Value: $300,000
23 FedEx Home Routes, 27 FedEx Delivery Vehicles in Baltimore, MD.
Plus assumption of 5 truck loans with a value of $90,000.

SBA financing IS available for this transaction in the amount of $1,197,500
$267,500 DOWN PAYMENT = 16%
8.25% 10 year Amortization

Equity Investment: $ 267,500
Seller Financing: $160,000
SBA Loan: $ 1,197,500
Working Capital: $ 40,000
SBA Guarantee Fee: $ 37,125
Closing Costs: $ 15,000
Total SBA Loan: $ 1,289,625

Monthly SBA Debt Service: $15,817.59
Monthly Seller Note Debt Service: $1,816.77

Current cash flow: $544,000
Annual SBA debt service: $189,811
Annual Seller Note Debt Service: $21,801
Cash Flow Net of Debt Service: $332,388

Cash on Cash Return: 124.26%

FedEx Home Delivery Routes for sale $1,625,000. Currently grossing $2,118,000 and Nets $544k+ per year as an owner of the business. Includes 23 FedEx Home Routes 27 FedEx Delivery Vehicles worth an estimated $300k, and 26 employees in place willing to transfer with the business. This business operates out of a Baltimore, MD Hub and currently has 23 Drivers, TWO Managers, One Full time Swing Driver, and TWO ON-CALL Swing Drivers 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 Baltimore, Maryland. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!