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Last Mile Logistics Company in PA
Provides last mile residential and commercial package delivery as a contractor for FedEx G...
Financials
Asking PriceN/A
Revenue$1.9M
Earnings$370K
Financial History
Headline
**Last Mile Logistics Company in** is a contractor for FedEx Ground based out of a suburb of Philadelphia. They provide last mile residential and commercial package delivery to a competition protected service area in,.Clients
Although the company only contracts with FedEx, the company serves thousands of individuals and business customers within the contracted territories. No customer concentration issues exist.Revenue Type
They are paid per stop and per package.Reason for Selling
owns another company and would sell to focus his time / capital there.Looking For
The owner is open to different deal structures. He would sell 100% and exit completely, or would be open to a capital investment that would allow them to expand into additional territories. The company is set up as an “Absentee” owner model where the owner is only involved in a limited capacity 5+/- hrs per week. Managers handle all day to day operations. If new owner is planning to actively operate and manage, that would yield an additional $125k +/- in expense reduction.Other
bought this company almost 2 years ago with plans to turn it around and sell it. Business has two full-time managers that handle day to day operations. They have 17 "step-vans" in the fleet. They operate in a prime, higher income and safe suburban delivery territory. They estimate 10% to 20% growth with Express merger in 2024. FedEx Ground now provides 1 - 5 days delivery of small packages to all 50 states, plus Canada.Facts
Tags
ServicesB2BB2CExploringIndustry
Logistics / TransportationPostal & Courier Services