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06-19-2017, 03:53 PM #1
- Join Date
- Jul 2015
- Posts
- 120
Buying a Fed EX Route
Have a merchant that reached out to me looking to purchase a Fed Ex Route, any of my fellow daily funders have any experience in this particular Merger and Acquisition
Thanks
BrentBrent Goggins
Business Credit Consultants
ISO Relations Manager
Direct: 518-776-7501
Email: BrentG@bccusa.com
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06-19-2017, 06:03 PM #2
- Join Date
- Oct 2016
- Posts
- 45
Hi Brent,
Many SBA lenders specialize in this specific acquisition.
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06-20-2017, 07:28 AM #3
- Join Date
- Jul 2015
- Posts
- 168
It's tough to do but we can help with business purchase finance providing the buyer has experience in the business and we can approve the APA/buy-sell agreement.
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06-21-2017, 07:07 AM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Hey Brent.. FedEx acquisitions can be tough in that the contracts state that the route itself (they call it a contract-not a route) cannot be used as collateral to a lender.
With this deal you will need the purchasers FICO and last 2 personal or corporate returns, the P and L and Corporate return of the selling route, and most importantly- an equipment or asset list.
I have done a few of these so reach out if you would like assistance..
RG 516 510 3855
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