8 FedEx Home & Ground Routes, 10 FedEx Vehicles in Pittsburgh, PA
For Sale in Pittsburgh, PA
Financial & Assets Details
About the Business
8 FedEx Home & Ground Routes with Manager, Current ISP contract Thru April 2020
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 $205,000 downpayment for the purchase.
COPY & PASTE link below to your Web Browser address bar to Digitally sign the NDA and show proof of funds through RightSignature. Please use '1' as Country Code for SMS verification.
Upon receipt of NDA & FUNDS VERIFICATION, the due diligence material will be emailed to you in a Box.com link.
100% ISP Compliant, ISP Contract Through April 2020
2017 Gross Income: $705,642
Next Twelve Months Gross Income: $825,000
Purchase Price: $775,000
2017 Cash Flow: $210,000+
Next Twelve Months Cash Flow: $258,000+
Vehicle Value: $150,000
8 FedEx Home & Ground Routes, 10 FedEx Delivery Vehicles in Pittsburgh, PA.
FedEx Home & Ground Delivery Routes for sale $775,000. Currently grossing $825,000 and Nets $258k+ per year as an owner of the business. Includes 8 FedEx Home & Ground Routes 10 FedEx Delivery Vehicles worth an estimated $150k, and 9 employees in place willing to transfer with the business. This business operates out of a Pittsburgh, Pennsylvania Hub and currently has 8 Drivers and a Manager in place, 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 Pennsylvania. FedEx pays weekly! Great Predictable Cash Flow at a Great Price!
Financing: SBA financing IS available for this transaction in the amount of $570,000.
What Does Financing do for you:
7.50% 10 year Amortization
Equity Investment: $ 205,000
SBA Loan: $ 570,000
Working Capital: $ 20,000
SBA Guarantee Fee: $ 17,700
Closing Costs: $ 15,000
Total SBA Loan: $ 622,700
Debt Service: $7,392
Current cash flow: $258,000
debt service: $88,699
Cash Flow Net
of Debt Service: $169,301
Cash on Cash
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. Analysts expectations are for FedEx to continue to grow at an average of 15+%/year for the next 5 years.
The competition for FedEx Ground is USPS and UPS.
Trucks are garaged at FedEx Delivery Hub in Pittsburgh, PA free of charge. (Home Based)
Support & Training
Seller is willing to stay on for 30-45 days, subject to negotiation.
Reason for Selling:
Other Interests, Retirement