SOLD - TURNKEY 33 FedEx Routes in MD

United States, Maryland

Asking Price: $3,200,000

Cash Flow: $635,035

Gross Sales: $3,260,249

Area: Baltimore

FFE: $638,000

Inventory: $0

Real Estate: $0

Established: 2003

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Patrick Gagliardi

Chief Operating Officer

954-633-7278

[email protected]

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Summary

TURNKEY OPERATION: 33 FedEx routes in Central Maryland - ISP model. Most are contiguous and overlapping Home Delivery & Ground further increasing profitability and route efficiency. Continuous growth with adding new service from USPS "SmartPost". Fleet of 42 well maintained vehicles and a fully functional truck maintenance facility with on-staff mechanic. Vehicles are outfitted with GPS tracking and a full suite of safety and accountability analytics and reporting. 30 Drivers, 4 Managers and 1 assistant Manager.

Detailed Information

Sub-Category: Service Businesses

County: N/A

Employees: 35 - Full-Time, 12 - Part-Time

Facilities: A new, State of the Art, well maintained indoor FedEx facility. Company also owns a fully equipped maintenance facility with on-site staff mechanic and houses the management and admin office.

Relocatable: No

Home Based: No

Market Notes: Recession proof business that continues to take market share from the competition i.e. UPS, USPS and DHL.

Growth Notes: 10% Organic growth continues fueled by the ever increasing e-commerce and B2B delivery and new service offering ‚ÄúSmartPost‚Äù from USPS.

Support Training: Seller will support the orderly transition of the business for 30 days. Management team in place to handle the day to day operations.

Financing Terms: Terms to be determined.

Reason for Selling: Semi-Retirement

Inventory Included: No

Is Franchise: Yes

Lender Prequalified: No

Absentee Owner: No

Selling Financing: No

Is FEE Included: Yes