*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 $625,000 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!
Purchase Price: $2,300,000, plus
assumption of Truck loans.
$330,000 Increase with New Contract
SBA Financing Available
100% Overlap & ISP Compliant,
Complete Management Staff General Manager, Asst Manager, Vehicle Manager/Backup driver, Repairs & maintenance Mgr!
COVID 19 INCREASE in Volume of 40%
Can be transferred as ONE ENTITY!
2020 Gross Income: $2,250,000
Next Twelve Months Gross Income: $2,850,000
Purchase Price: $2,300,000 plus assumption of vehicle loans ~$450k
Next Twelve Months Cash Flow: $767,000+
Vehicle Value: $550,000
22 FedEx Home & Ground Routes, 24 FedEx Delivery Vehicles in Baltimore, MD.
FedEx Ground Delivery Routes for sale $2,300,000, plus assumption of truck loans. Currently grossing $2,850,000 and Nets $767k+ per year as an owner of the business. Includes 22 FedEx Home & Ground Routes 24 FedEx Delivery Vehicles worth an estimated $550k, and 28 employees in place willing to transfer with the business. This business operates out of a Maryland Hub and currently has 24 Drivers and Four Managers in place (GM, Asst, Vehicle Mgr/Backup Driver, R&M Mgr), 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!
Financing: SBA financing IS available for this transaction in the amount of $1,700,000.
What Does Financing do for you:
6.00% 10 year Amortization
Purchase Price $2,300,000
Equity Investment: $ 600,000
SBA Loan: $ 1,700,000
Working Capital: $ 30,000
SBA Guarantee Fee: $ 51,900
Closing Costs: $ 20,000
Total SBA Loan: $ 1,801,900
Monthly SBA Debt Service: $ 20,005
Current cash flow: $ 767,000
Annual SBA debt service: $ 240,057
Cash Flow Net of Debt Service: $ 526,943
Cash on Cash Return: 87.82%