This profitable FEDEX delivery business covers three prime zip codes in city of Fremont and Newark. This business has grown from 6 routes to 12 routes in the last three years as this benefits from digital eCommerce trend. Revenue is increasing about $140K every year as the eCommerce growth accelerates this delivery business. The routes are exclusive to the business so there is no competition within FEDEX.
Well trained staff with a full-time manager and a part-time manager. This business can either be run full-time as a team leader, managing operations - hiring, payroll and communication or as a semi-absentee owner with experienced manager that's already been with business for over 9+ years.
The business has 13 routes / 15 trucks (7 Ground, 5 Home Delivery) that's all within a 10-mile radius so it's really easy to manage. The delivery is from warehouse to residents homes and businesses within these zip codes. All trucks are parked in a terminal with free rent so the major expenses are only driver salary, fuel, workers compensation, repairs and maintenance.
5 of the 13 trucks were bought recently within the last couple of years. They are brand new so they are still financed. New owner will need to take on the financing of these new trucks. 8 trucks are fully owned by the business and they are included in the sale. Business also has 2 older trucks that are used for storage and it can be negotiated as part of the sale.
For 2019, the owner is adding 2 more trucks so it will be 15 trucks with loan balance of about $420K.