FedEx Routes Okeechobee FL

Not Disclosed, FL
Palm Beach County

Okeechobee


Asking Price: Annual Revenue:
$540,000 $545,889

Services: Transportation - Trucking, Rail, Transit


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RE: FedEx Routes Okeechobee FL Broker: Steve Fenton

Quick Facts

Asking Price: $540,000
Annual Revenue: $545,889
Net Profit: Not Disclosed
Cash Flow: $163,975
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2000
Employees: 5
BBN Listing #: 152011185
Broker Reference #: 170-02914

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Business Overview:

BUSINESS MODEL: FedEx Ground businesses are owned by Independent Service Providers (ISPs) who contractually agree to exclusively service a specific territory of FedEx Ground packages. ISPs hire their own W2 drivers, provide the vehicles, insurance, fuel, and support to operate their business. Recurring and predictable weekly revenues and consistent organic growth due to e-commerce demand and Smart Post integration are just two of the major benefits of contracting with FedEx. No sales, marketing, call center, facilities, or IT expenses are required - FedEx provides that support to their customers and the contractors (ISPs) who service their customers. Many owners are able to manage their business semi-absentee, as does this owner.

OFFERING: The routes servicing zip code 34972 are 100% overlapped with Ground and Home Delivery packages and include approximately 340 average daily stops. They dispatch from the West Palm Beach terminal where the trucks are stored and loaded by FedEx. The contractor selling these routes will continue to service the adjacent areas, and is available to assist the buyer with transition, trucks, drivers as needed.

VEHICLES: All late-model delivery trucks (2020-2015); four have operational leases to be assumed by the buyer, and are included in the financial results.

NEXT STEPS: Qualified buyers should have a good knowledge of the FedEx ISP model. Due to the carve-out nature of this offer, SBA financing is not available. Very detailed financial data is included in the Pro Forma (upon receipt of an executed NDA); all to be substantiated during Due Diligence.

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Property Features and Assets:

Assets: 5 trucks, 4 leased $220,000. Building Type: Warehouse. Terms & Options: FedEx provides at 0 cost. (Home Based).

Reason for Selling:

Reduce route size (carve-out).

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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