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Independent Packing, Shipping and Mailing Center
NCListing DetailsOffice ID: SHIP3
Status: Sold
Listing Broker: Jeff Snell, M&AMI, CBI, ABI
Listing Price: $239,000
Gross Revenue: $438,960
Cash Flow: $86,828
Forecasted Cash Flow: $80,000
Inventory: $1,000
Inventory Included: Yes
FF&E: $35,000
FF&E Included: Yes
Sale Price: $215,000
Real Estate Included: No
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
Seller will participate in SBA commercial seller financing requirements.
Reason for Sale:
True retirement.
Training:
Seller will provide up to 80 hours of transition assistance within 6 months of sale.
OperationsYear Established: 2007
Form of Ownership: S Corp
Employees (full-time): 2
Employees (contractors): 2
Managers: 2
Summary
Business Description:
The business is located in the booming 40/42 area of north Johnston County/SE Wake County. This independent (no franchise fees) pack and ship and business services center is well established, with a strong community following of individual and corporate accounts. In addition to mail and package shipping via USPS, FedEx, UPS and DHL, they offer private mail boxes, copying, faxing, notary, video transfer, freight, retail product sales and other additional services. Virtual Office Services are also available. A virtual office provides communication and address services without providing dedicated office space. It differs from "office business centers" or "executive suites", which do provide office space. Current mailbox rentals exceed the monthly lease cost. If you are looking for an opportunity to be a hands-on small business owner in a rapidly growing area that still retains a small-town feel and charm, this could be the business for you.
Historical Summary:
The business was started in 2007 has grown revenues from ~$150,000 annually to current levels. Large percentage of repeat loyal customers. Husband and wife team were looking to leave their careers and work together.
Owner Qualifications:
Buyer should have general computer familiarity, enjoy working with the public and ability to learn specific shipping systems and processes. Having or acquiring a Notary is recommended.
Competition:
There is a UPS store opened approximately 5 years ago in the vicinity. This business offers lower prices. There is no local post office. This location serves as the defacto post office.
Potential Growth:
Owners believe that quick serve printing could be expanded. 200 of the 500 secure mail boxes are leased. Increased marketing of this service is almost 100% profit. The surrounding are is experiencing significant growth.
LocationType of Location: Strip Center
Lease Expires: Dec 31, 2016
Option: OPEN
Monthly Rent: $2,000
Square Footage: 1200
Facilities:
The business is located in a strip shopping center and comprises 1200 square feet anchored by Food Lion. The location is easy to access, has adequate parking front and rear with adequate lighting. There are no vacancies in the center. The center is well maintained.
Last Updated: Jul 14, 2017 / 10:46 AM
Financial Information Current as of: Mar 23, 2016 / 3:33 PM
Lender Pre-Approved!
SunTrust