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6 FedEx Home & Ground Routes, 8 FedEx Vehicles in Oakland County, MI

Oakland County, MI

Routes.ForSale - Aegis Investment Group, LLC
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Asking Price: $950,000

Cash Flow: $317,000

Gross Revenue: $835,000

EBITDA: $317,000

FF&E: $150,000

Inventory: N/A

Established: N/A

6 FedEx Home & Ground Routes, 8 FedEx Vehicles in Oakland County, MI

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Business Description

100% OVERLAP & ISP COMPLIANT, with MANAGER!

AEGIS INVESTMENT GROUP, LLC | ROUTES.FORSALE | THE MOST COMPLETE PACKAGE!

Please complete the attached NDA now and 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 $250,000 downpayment for the purchase.

OR

COPY & PASTE link below to your Web Browser address bar to Digitally sign the NDA and show proof of funds through RightSignature.

https://secure.rightsignature.com/templates/b6a2bf71-e8ce-4f34-bc30-575c7a31c016/template-signer-link/e49691f550ed9ed598a29340584f8e5f

Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a Box.com link.

100% Overlap and ISP Compliant, MANAGER!

Deal Recap:
2018 Gross Income: $738,000
Next Twelve Months Gross Income: $835,000
Purchase Price: $950,000
Next Twelve Months Cash Flow: $317,000+
Vehicle Value: $150,000
6 FedEx Home & Ground Routes, 8 FedEx Delivery Vehicles in Oakland County, MI.

FedEx Home Delivery Routes for sale $950,000. Currently grossing $835,000 and Nets $317k+ per year as an owner of the business. Includes 6 FedEx Home & Ground Routes, 8 FedEx Delivery Vehicles worth an estimated $150k, and 7 employees in place willing to transfer with the business. This business operates out of a Oakland County, MI Hub and currently has 6 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 $700,000.

What Does Financing do for you:

Example:
25% Down
8.00% 10 year Amortization

Equity Investment: $ 250,000
SBA Loan: $ 700,000
Working Capital: $ 20,000
SBA Guarantee Fee: $ 21,600
Closing Costs: $ 10,000
Total SBA Loan: $ 751,600

Monthly SBA Debt Service: $9,119

Current cash flow: $317,000+
Annual SBA debt service: $109,428
Cash Flow Net of Debt Service: $207,572

Cash on Cash Return: 83.03%

Attached Documents


Detailed Information

Location:
Oakland County, MI
Employees:
7
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Trucks are garaged at FedEx Delivery Hub free of charge.
Competition:
The competition for FedEx Ground is USPS and UPS.
Growth & Expansion:
The growth of the business is linked to the growth of FedEx as a whole. FedEx Ground & Home delivery are the strongest segments of the FedEx Family. FedEx Ground & Home delivery have been driven by the boom in E-Commerce, which experts agree will continue indefinitely. E-Commerce currently makes up 9% of Retail sales, analysts believe this will grow by 35% through 2021. Analysts expectations are for FedEx Ground to continue to grow at an average of 13+%/year for the next 5 years.
Support & Training:
Seller is willing to stay on for 30-45 days, subject to negotiation.
Reason for Selling:
Other Interests, Retirement
Business Website:
http://Routes.ForSale
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Contact the Seller

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Darin Jerger

Business Listed By:
Darin Jerger

Aegis Investment Group, LLC

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