* Included in Asking Price
Excellent opportunity to own a pack and ship store located in a prominent shopping center in Rockville, Maryland. The business has been providing packing/shipping, copy/printing, notary public, fax, physical and virtual mailbox services, and other related services to a loyal customer base for nearly 20 years. The business has a long track record for delivering quality service with strong year over year revenue and cash flow growth.
The business is part of a well-known and respected franchise in the packing and shipping marketplace. The location is ideal as it is nearby a number of significant residential and commercial centers. There is a nice mix of business and individual customers that allow for a steady and stable client base. The owner has seen an increased demand for shipping services and mailbox rentals in recent years with strong growth in both areas. The business has 188 mailboxes with approx. 119 rented generating nearly $30,000/yr. in revenue, which is essentially pure profit. The business is poised to capitalize on the increase in e-commerce shipping, remote work, and the steady growth of the greater Rockville area.
The owner currently works full time and enjoys the business but has decided it’s time to move on to pursue other business opportunities after a successful tenure of ownership. A new active owner-operator could certainly work on a full-time basis and significantly increase the owner’s cash flow. The business is setup for continued success and the owner desires for a seamless transition, so all the long-standing customers are in good hands moving forward. We don’t expect this opportunity to last long, so please contact us today!
|Facilities:||The business is situated in an established open air retail center and ideally located near several well-known businesses and national anchor stores. The space measures approximately 1100 square feet and is leased for $4,507/month including NNN. The center has an updated and modern look and there is a nice blend of tenants with no direct competitors in the center.|
|Competition:||There is standard competition in the industry and market. There is another pack and ship store in a neighboring center a couple miles away and there are other similar businesses like UPS and Fedex stores within a 5 mile radius of the location. This business benefits from being able to accept and offer outbound shipping services of all the major shippers (USPS, UPS, Fedex, & DHL).|
|Growth Potential:||There is room to grow and expand the business in a number of ways. Shipping services grew substantially in 2020 compared to 2019. There is also room to grow the mailbox rental segment of the business which is a very high margin part of the operation. A new owner might want to focus more on ancillary services such as selling moving necessities (boxes, packing materials, tape, etc.), office products, passport services, and more.|
|Training/Support:||Seller will provide necessary training and support.|
|Seller Financing:||Availble based on the final purchase price, terms and buyer qualifications.|
|Sale Reason:||Owner would like to pursue other business interests.|
Seller Reference #HZ463DZ
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