Route based mail delivery and messenger service

San Diego County, CA
Mail Delivery Service
Sale Pending
Asking Price:$425,000
Gross Revenue:$312,329
FF&E:$20,000
Cash Flow:$181,096
Rent:$590/Month
Established Year:1969
BUSINESS DESCRIPTION

Courier and Mail Delivery

This business operates a standard set of mail delivery routes on a daily basis for large private companies. The company employs 3 drivers that will drive the mail delivery routes as well as pick up and drop off parcels and sensitive documents from their clients.

A majority of the revenue comes from the mail delivery routes that occur daily. These routes are performed for companies that need their mail picked up and delivered to the post office on an expedited basis because the materials are time sensitive.

The operations of the business are very straightforward and the owner works maybe 20 to 30 hours per week.

This business is on autopilot but the owner has reached a point where he wants to fully retire and sell the business after operating the business in some fashion for over 40 years. The owner works as the 'office manager' and answers phone calls, schedules pick ups and will occasionally fill in on routes if an employee is sick.


DETAILED INFORMATION
Location
San Diego County, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
500
Employees
3
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The business operates out of a small central hub but could be converted to a remote model if desired. The current office is in a central location to San Diego County but the employees are driving routes during the day and the office is unoccupied. The purchase of the business includes 3 vehicles and any other assets used in the normal course of operating the business.
Competition
The largest 5 customers have all been clients for over 20 years and some over 35 years. There are other competitors in this market, but it is mostly a cottage industry. The customer service of the firm is one of the main reasons that customers have stayed with them for so long.
Growth & Expansion
The business has been on 'auto-pilot' for the last 10+ years and does no sales and marketing and has no website. Despite this fact, the business has grown by around 5% a year over the last few years entirely based on referrals and its reputation with its clients. Maintaining a digital presence is an absolute must for service businesses and luckily the core customers are loyal and appreciate the customer service.
Support & Training
Current owner willing to train buyer for 2 weeks. This will be full time training to operate the business and any additional training work beyond the 2 week period will be at an agreed upon rate.
Reason for Selling
Retirement and travel
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Tyler
Evans
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Tyler Evans