13 FedEx Ground Routes, Hampton (Newport News) VA
Hampton, VA
| Asking Price: | $1,099,000 |
| EBITDA: | $439,000 |
| Established Year: | 2000 |
| Gross Revenue: | $1,603,000 |
| FF&E: | $200,000 |
Listing ID: 2310520Listing provided by BizBuySell
BUSINESS DESCRIPTION
Well-established and highly profitable FedEx Ground P&D (pickup and delivery) routes, fully overlapped, based out of HAMPTON (NEWPORT NEWS) VIRGINIA. Routes are contiguous making load sharing efficient. Each route comes with an experienced driver already in place. Truck fleet included. Spare vehicle(s) also available.
Turnkey and a great opportunity for semi-absentee ownership with full time manager in place! Detailed due diligence materials provided.
These assets are ready to generate cash flow on day one. Cash flow projection includes the payroll expense of a full-time manager salary. Profitable.
Keywords: transportation, trucking, logistics, delivery, parcel, packages, UPS, FedEx, Ground, Home Delivery, Amazon
DETAILED INFORMATION
Location
Hampton, VA
Inventory
Included in asking price
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
4 trucks included in purchase price. Seller rents and leases additional trucks. Buyer could assume debt or take over leases. Trucks stored at FedEx facility (no charge).
Competition
Contractually protected service areas. FedEx continues to experience strong growth with consumer's move to e-commerce.
Growth & Expansion
FedEx grows organically as package volume has shown consistent growth each year. FedEx also provides yearly contract enhancements. Growth can also be achieved by adding/purchasing more routes.
Financing
Seller prefers an all cash transaction but may carry small for qualified buyers
Support & Training
Extensive training will be provided as necessary and required by FedEx
Reason for Selling
Seller retiring
Home-Based
This business is Home-Based
BUSINESS LOCATION
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