*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 $375,000 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.com.
UPDATE!! SBA Changed the Deal!
THREE PAYMENTS NOW! STIMULUS PACKAGE!
If you buy a FedEx Business between February 1, 2021 and September 20, 2021, The SBA will make your first 3 payments, up to a maximum of $9000/month! The SBA will also waive the ~3% Guarantee Fee. UNTIL THE MONEY RUNS OUT!
On a SBA loan for a qualifying Purchase, that works out to be $27,000 Extra CASH in your Pocket, plus the waiver of the 3% Guarantee Fee!
FedEx is an Essential business during the COVID-19 Crisis.
Due to the crucial role FedEx plays in moving supply chains and delivering critical relief, FedEx is considered an essential business and is allowed to continue to operate under state of emergency and shelter in place orders recently issued in the U.S.
FedEx Ground ISPs, and their employees, are delivering life preserving and lifesaving packages daily across the United States.
100% OVERLAP, EXPERIENCED MANAGER!
Great Delivery Area!
TTM Gross Revenue: $1,600,000
Next Twelve Months Gross Revenue: $1,625,000+
Purchase Price: $1,425,000
Next Twelve Months Cash Flow: $475,000+
Vehicle Value: $175,000
12 FedEx Home & Ground Routes, 16 FedEx Delivery Vehicles in Oakland County, MI.
FedEx Home & Ground Delivery Routes for sale $1,425,000. Currently grossing $1,625,000 and Nets $475k+ per year as an owner of the business. Includes 12 FedEx Home & Ground Routes 16 FedEx Delivery Vehicles worth an estimated $175k, and 15 employees in place willing to transfer with the business. This business operates out of an Oakland County, MI Hub and currently has 14 Drivers and One Manager on staff. 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 Michigan. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!
Financing: SBA financing IS available for this transaction in the amount of $1,050,000.
What Does Financing do for you:
6.00% 10 year Amortization
Equity Investment: $ 375,000
SBA Loan: $ 1,050,000
Working Capital: $ 30,000
SBA Guarantee Fee: $ 32,400
Closing Costs: $ 15,000
Total SBA Loan: $ 1,127,400
Monthly SBA Debt Service: $ 12,516
Current cash flow: $ 475,000+
Annual SBA debt service: $ 150,197
Cash Flow Net of Debt Service: $ 324,803
Cash on Cash Return: 86.61%