Seller's Contact Information
- RE: Orange County FedEx Routes
- Contact: Steve Fenton
Quick Facts
| Asking Price: | $820,000 | |
| Annual Revenue: | $1,108,814 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $273,274 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $180,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2000 | |
| Employees: | 12 | |
| BBN Listing #: | 518111185 | |
| Broker Reference #: | 170-02887 |
Business Overview:
The e-commerce boom that arrived in correlation with Covid-19 hasn’t shown any interest in slowing down. Actually, if anything, it’s speeding up. In the first three months of 2021, online sales tallied $876 billion, according to the Adobe Digital Economy Index, and could hit $4.2 trillion for the year. That organic growth will continue to benefit FedEx Ground contractors.
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 and supervisor(s), 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 is the case with this owner.
The routes in this listing service specific zip codes in Central Florida and are 100% overlapped with Ground and Home Delivery packages. The business for sale is a 'carve-out' of a $2.2MM route business which currently averages about 2700 average daily stops. The list price includes approx 1300 average daily stops. A buyer can purchase more or less stops than what is listed, as long as the number of stops meets FedEx minimum requirements. Very detailed financial data will be provided with the offering package.
Seller plans to continue operating in this terminal with a smaller business and will be available for support beyond the traditional transition period.
FINANCING: Due to the carve-out nature of this offer, it is not expected that SBA financing will be available. Some seller-financing will be considered based on the total purchase terms.
NEXT STEPS: All buyers will need to provide proof-of-funds (i.e. PFS, statements, bank letter) to verify financial qualification, along with an executed NDA. Qualified buyers should have a good knowledge of the FedEx ISP model.
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Property Features and Assets:
Building Type: FedEx Warehouse. Terms & Options: No cost thanks to FedEx
Reason for Selling:
Reduce business size.
Additional Details:
- The property is Leased.
- 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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