Price: $690,000
Location: Orange County, CA
Industry: Transportation and Storage
Listing ID: 5607 WP
Listing Status: New
FedEx Owner Operator (ISP) out of the Anaheim Hub in California. Currently runs 4 Routes with 4 Drivers and 5 Trucks. This is an excellent opportunity for a strong manager type wanting to grow. This particular operator enjoys mostly commercial pick ups and drop offs, and less residential stops than the norm. Approximately 390 stops which makes this operation very efficient. Drivers enjoy competitive pay rates and lots of overtime opportunities. Current Owner does not drive, but new Owner is welcome to drive, and make higher profits. Headquarters has offered additional routes, so there are growth opportunities. Seller has ordered new trucks to be delivered in several months. Great news is that this Seller was able to apply and received Federal EV Credits which pays 85% of the value of the new trucks coming. This will help the new owner tremendously!
FedEx does the morning truck loading, and FedEx does the afternoon unloading for the drivers. Income is driven by parcels, and a variety of bonuses based on status, safety, complaint records, etc. FedEx approval of sale can take approximately 3 months, and Seller will provide training up to 1 month. This is a rare opportunity to join one of the most well known brands in the world, in the best place to live in Southern California. FedEx contract renews each year. They do not give contracts extending more than one year at a time.
Down Payment: $690,000
Total Sales: $480,000
Cash Flow: $150,000
EBIT: N/A
EBITDA: N/A
Accounts Receivable: N/A
FFE: N/A
Inventory: N/A
Year Established: 2022
Days & Hours of Operation: M-F 8AM to 5PM
Owner Hours Per Week: PT
Non-Owner Payroll: N/A
Employees: 4
Real Estate: N/A
Monthly Rent: N/A
Reason For Sale: Seller wants to focus on Real Estate business.