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Listing ID: 3-1699

Well Established FedEx Ground Business

Business Description:

FedEx Overview: FedEx Ground has two divisions: Pickup/Delivery (Home Delivery & Business Delivery) and Linehaul (Tractor Trailer hub to hub delivery). For both divisions, FedEx contracts out deliveries to independent contractors across the entire nation. All sales are handled by FedEx, so contractors simply have to focus on making the deliveries within their territory. Contractors are paid via direct deposit each week. All revenue is verified through weekly FedEx settlement reports and end of year 1099s. Competition: All territory and routes are protected through contracts with FedEx so there is no competition amongst contractors. Facilities: All vehicles are parked in and outside of the FedEx hubs free of charge. No real estate is required. Contractors work from their home office. Growth: Retail storefront is declining but e-commerce is booming and is on an upward trend. Contractors enjoy a 5 - 15% organic growth in revenue year after year. Aside from natural growth, contractors have the opportunity to expand by purchasing additional contracts from other contractors throughout the nation. Support and Training: Seller has built this business over many years and wants to see the new buyer succeed. He is willing to consult as needed and is also willing to remain on the payroll to ensure a smooth transition. Seller also would like to work on a few initiatives for the new buyer that can accelerate the business. Business Opportunity: This FedEx business for sale is owned by one of the largest FedEx Contractors in Minnesota. - Current seller has been successfully running business for many years - Strong workforce with stellar management team - Engages in both Ground and Linehaul contracts - Massive fleet valued over $2,000,000 with many vehicles being newer models - Growth of 10-20% year after year since 2015 - Highly desirable territory (zip codes)

Industry:Service
Location:Minnesota
Annual Revenue: $6,665,976
Listing Price: $6,300,000
Annual SDE (Cash Flow): $1,319,050
Listing Agent: Trevor Poonai 
FF & E: $2,000,000 
Established in2000 
Reason for selling:Retirement 

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