6 FedEx Linehaul Routes - Greater Minneapolis Area
| Asking Price: | $1,599,000 |
| Gross Revenue: | $1,606,448 |
| FF&E: | $817,000 |
| Cash Flow: | $418,393 |
| EBITDA: | $418,393 |
| Established Year: | 2009 |
Business Overview:
• Industry Experience: Operating for approximately 15 years in the Linehaul business with FedEx Ground
• Dedicated & Non-Dedicated Operations:
o 4 Dedicated Solo PM runs
o 2 Non-Dedicated Solo PM runs (6 days a week)
• Operation Details:
o Solo evening routes, no overnight travel required, eliminating overnight lodging expenses
o Covers approximately 13,300 miles per week across all routes
o Location: St. Cloud, MN, and surrounding areas
• Employee Structure:
o 7 full-time CDL drivers, including one full-time manager, are included with the sale
Financial Details:
• Weekly Revenue: Average settlement statements of $32,000 for a 5-7 day/week operation
• 2023 Year-End Revenue: $2,112,665
• 2023 EBIDTA: $594,184
• 2024 Projected Revenue: $1,606,448
• 2024 Projected EBITDA: $418,393
• 2024 projected revenue adjustment is due to the loss of two unassigned routes no longer serviced by Jetco following the FedEx 2.0 consolidation
Vehicle Details:
• Fleet: 9 tractors included with purchase, all with free and clear titles
• Condition and Age: 6 of the 9 tractors are from 2018 or newer, all in good working order
• Fleet Value: Estimated at $735,000
Asking Price:
• $1,599,000
• SBA Financing may be available for qualified buyers
