*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 $2,200,000 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!
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: $7,000,000,
100% OVERLAP, EIGHT MANAGERS!
SEMI ABSENTEE!!! Owner time commitment 10-15 hours per week
COVID 19 INCREASE in Volume of 77%
2019 Gross Revenue: $ 5,500,000
TTM Gross Revenue: $ 6,200,000
Next Twelve Months Gross Revenue: $7,500,000+
Purchase Price: $7,000,000
Next Twelve Months Cash Flow: $2,000,000+
Vehicle Value: $800,000
60 FedEx Home & Ground Routes, 80 FedEx Delivery Vehicles in Baltimore, MD.
|SBA financing IS available for this transaction in the amount of $4,800,000.|
What Does Financing do for you:
6.00% 10 year Amortization
Equity Investment: $ 2,200,000
SBA Loan: $ 4,800,000
Working Capital: $ 00
SBA Guarantee Fee: $ 144,000
Closing Costs: $ 56,000
Total SBA Loan: $ 5,000,000
Monthly SBA Debt Service: $ 55,510
Current cash flow: $ 2,000,000
Annual SBA debt service: $ 666,123
Cash Flow Net of Debt Service: $ 1,333,877
Cash on Cash Return: 60.63%
Buy a profitable business! SEMI-ABSENTEE FedEx Home & Ground Delivery Routes for sale offered at 3.5x cash flow, $7,000,000. Currently grossing $7,500,000 and Nets $2.0 mil+ per year as an owner of the business. Includes 60 FedEx Home & Ground Routes 80 FedEx Delivery Vehicles worth an estimated $800k, and 85 employees in place willing to transfer with the business. This business operates out of a Baltimore MD Hub and currently has 75 Drivers, 2 mechanics, and Eight Managers on staff. Seller is a semi-Absentee owner who is willing to stay for a 30-45 day transition period, subject to negotiation. Territory for these routes is Maryland. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!