Posted on

24 Home & Ground FedEx Routes, 27 Vehicles Washington State Skagit County, WA

*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 $732,500 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 BOX.
< button class=”docuSignButton”>Sign Document</button >

Support & Training: Seller is willing to stay on for 30-45 days, subject to negotiation.
FedEx Home & Ground Delivery Routes for sale $2,930,000. Currently grossing $3,128,000 and Nets $977,000 per year as an owner of the business. Includes 24 FedEx Home & Ground Routes and 27 FedEx Delivery Vehicles worth an estimated $450k, and 26 employees in place willing to transfer with the business. This business operates out of a Washington Hub and currently has 24 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. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!Financing: SBA financing is available for this transaction in the amount of $2,153,750.

Deal Recap:
2018 Gross Income: $3,128,000
Purchase Price: $2,930,000
2018 Cash Flow: $977,000
Vehicle Value: $280,000What Does Financing do for you: Example: 7.25% 10 year Amortization
Equity Investment: $ 746,250 (includes SBA fee and working capital)
SBA Loan: $ 2,153,750
Working Capital: $ 60,000
SBA Guarantee Fee: $ 66,412
Closing Costs: $ 15,000
Total SBA Loan: $ 2,295,163
Monthly SBA Debt Service: $26,945
Current cash flow: $977,000
Annual SBA debt service: $323,345
Cash Flow Net of Debt Service: $653,654
Cash on Cash Return: 87.59%