Fedex Ground Independent Contractor, Located In Indiana (Also Servicing Ohio)

Location

Located in Indiana (also servicing Ohio)

Business Description

There are 3 managers- 2 in Indiana, 1 in Ohio who manage the day to day operations. Owner lives out of state and operates business remotely.

We have a contract with Fedex Ground Directly. No relationship with customers.

We provide Linehaul services based out of Indiana and Ohio. We deliver containers to multiple states on behalf of Fedex Ground. We have a total of 18 tractors in Indiana and 5 in Ohio. We also have 1 work truck. 5 of the tractors are leased through RYDER.

Financial Summary

2023
Sales Revenue (to 30th September 2023) - $4m

2023 Yr Forecast
Sales Revenue $5m 
Adjusted Net Income - $1m

Assets & Equipment included in list price - $1.7m

List Price - $4.99m

Investment Rationale

Much room for growth in OHIO and INDIANA and using slip seat coverage for P&D work out of Indiana. Extra revenue not captured in the current value of the contract