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Quick Facts
Asking Price: | $1,765,000 | |
Annual Revenue: | $2,016,564 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $537,886 | |
Total Debt: | Not Disclosed | |
FF&E: | $390,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2005 | |
Employees: | 10 | |
BBN Listing #: | 980633008 | |
Broker Reference #: | 2401-5611712 |
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Business Overview:
FedEx Line Haul Business 4 Routes - 1 Dedicated and 4 Unassigned averaging a total of about 22,000 miles per week. Excellent contract term and a high number of points on each route. Includes, 6 x 2018 Freightliner Tractors,at a total value of $390,000, with low mileage, and 10 drivers. Projected revenue for next 12 months is $2,016,564 with a net of approximately $537,886 Asking $1,765,000.
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Property Features and Assets:
Started 2005 and has grown to multiple routes.Seller has other business interests and wishes to sell a portion of their routes. The business can be operated from a home office. Will train for 2 weeks at no cost.
Market Competition and Expansion:
Expansion of the business could be achieved by adding trucks and purchasing other existing contracts. Great business for the entrepreneur that does not want to work long hours. Owner could live anywhere in Southern California. Very good return on investment for a modest effort. Competition is limited to other contract owners. FedEx negotiates new rates yearly and historically with increases. As long as you perform in accordance with the contracts, renewal is generally not an issue.
Reason for Selling:
Retiring
Additional Details:
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