||Employees||1 full, 2 part
* Included in Asking Price
Excellent opportunity to own a well-known pack and ship store located in a prominent shopping center in Gaithersburg, 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 over 25 years. The business has a long track record for delivering quality service with strong year over year revenue and cash flow performance.
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. The owner has seen strong demand for shipping services and physical and virtual mailbox rentals in recent years. Additionally, this business has consistently been a top 30 DHL shipper among the 400+ franchisees in the system and was the #1 DHL shipper in 2020 in the entire franchise. International shipping is often the most lucrative segment of shipping services offered and customers will often pay for DHL due to their top tier customer service and reliability.
The owner currently works around 3 days a week and enjoys the business but has decided it’s time to retire after a successful tenure of ownership. The employees are paid well with the main employee working nearly seven days a week (though the cash flow claimed assumes the buyer works more than 3 days a week and takes over this employee’s time and compensation). A new active owner-operator could certainly work on a full time basis and significantly increase the owner’s cash flow. There are controls in place that enable the owner to remotely monitor business activity (sales, transactions, merchant processing, reports, shipment claims) along with a video surveillance system which can also be accessed off-site. 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. There is a nice blend of tenants and 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 several 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) unlike many other competitors.|
|Growth Potential:||There is room to grow and expand the business. Shipping services alone grew 25% in 2020 compared to 2019. There is 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 expand more into ancillary services such as selling moving necessities (boxes, packing materials, tape, etc.), office products, passport photos, and more.|
|Training/Support:||Seller will provide necessary training and support.|
|Seller Financing:||Seller is willing to provide financing based on the purchase price, terms and buyer qualifications.|
|Sale Reason:||Owners are retiring.|
Seller Reference #HZ468DZ
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