*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 $245,000 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.
PURCHASE PRICE $925,000
Next Twelve Months Gross Income: $1,150,000
Purchase Price: $925,000;
Next Twelve Months Cash Flow: $310,000++
Vehicle Value: $100,000
7 FedEx Home & Ground Routes, 11 FedEx Delivery Vehicles in Eastern Iowa.
FedEx Home & Ground Delivery Routes for sale $925,000. Currently grossing $1,150,000 and Nets $310k++ per year as an owner of the business. Includes 7 total FedEx Home & Ground Routes 11 FedEx Delivery Vehicles worth an estimated $100k, and 11 employees (FT & PT) in place willing to transfer with the business. This business operates out of an Eastern Iowa Hub and currently has 10 Drivers and One 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 Iowa. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!
Financing: SBA financing IS available for this transaction in the amount of $680,000
What Does Financing do for you:
25% Down, 6.0% 10 year Amortization
Purchase Price $925,000
Equity Investment: $ 245,000
SBA Loan: $ 680,000
Working Capital: $ 20,000
SBA Guarantee Fee: $ 21,000
Closing Costs: $ 15,000
Total SBA Loan: $ 736,000
Monthly SBA Debt Service: $ 8,171
Current cash flow: $ 310,000++
Annual SBA debt service: $ 98,053
Cash Flow Net of Debt Service: $ 211,947
Cash on Cash Return: 86.51%