What are the day to day operations?
To summarize, you will begin the day by picking up the deliveries in North Canton, OH and distributing the inventory to 8 or 9 locations throughout the territory. There is no inventory to purchase with this business, no debts to collect, no selling, and minimal paperwork.
What is the current yearly gross for this route?
Currently this route grosses $53,556 per year. Income documentation will be provided to all serious buyers.
How do I get paid?
As an independent distributor you are paid a flat fee, plus additional 60% of special delivery runs.
Can I finance the route?
There is no seller financing for this route, and unfortunately banks will NOT write business loans against route based businesses for several reasons. You can review additional Financing Options Here.
What are my expenses and overhead?
Expenses include, but are not limited to: fuel, repairs, payroll, insurance for your vehicles, and insurance. The current owner estimates $15,795 per year in expenses/overhead for the business.
What type of insurance do I need?
Typically, a single owner operator of a route distributorship will need commercial insurance for their delivery vehicle and business liability insurance. Owners with multiple employees will need a multiple vehicle policy and workers’ compensation. Routes For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
What type of vehicle do I need?
The current owner operates this business with a 2009 Pontiac Vibe (200k miles) that is available for purchase if needed for $4,500. Common delivery vehicles used for this type of business are box trucks or trailers. If you are considering purchasing, leasing or financing a vehicle you can review additional information here.
What is the Gross vs the Net income?
The gross income for the route is $53,556 per year, minus $15,795 estimated yearly expenses as mentioned above gives you the net $37,761 as an owner/operator of the business.
How does the selling price of the route get determined?
When evaluating a standard business or route for sale most professionals use a standard 2 year multiple of the cash flow/net income. This route is under priced with just over a 1 year ROI!
What are the company requirements?
The pharmaceutical company will require a background check; you must have no felonies, have a decent driving record, and be absolutely drug free (not even recreational use is permitted).
Do I have to sign a contract?
Yes, as an independent distributor you sign a service agreement to represent the pharmaceutical company. The contract is to protect both the company and its distributors.
Is this a viable business model for growth?
Yes! The current route receives a base flat fee no matter how many deliveries they have t make. Additionally there is plenty of room to increase the revenue through specialty runs that are offered. Current owner goes to school full time and is unable to take advantage of the additional incentives.
Why is the distributor selling?
Owner is relocating to Florida.
Where is the pickup location?
Located in North Canton, OH
How long has the business been established?
The current seller has owned the business for just under 2 years.
How many stops does the route driver do a day?
The route averages 8-9 stops per day.
How many days a week, and what hours do distributors work?
Distributors work 5 days a week Monday through Friday with Saturday and Sunday’s off. Hours of operation are between 10:30am – 7:30pm.
What about vacation time or personal days?
There are currently independent drivers who have pharmaceutical delivery experience that can cover for vacation time needed off. If you must take a sick day your stops will be distributed to other couriers.
What do you recommend when purchasing a business?
When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offers protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know?
This pharmaceutical courier delivery route serves the health care industry, so this business is recession proof, and the base income is guaranteed! The route is run, rain or shine, every day except for holidays and weekends. The present owner deliberately chose not to grow the company, and passed up many extra money-making offers, due to a full time schedule with school. Since the company is owner-operated, independently-contracted, the opportunity to grow the route exists to: contract with other companies, doing back-hauls, and add-on hauls, increasing the bottom line income even more. Priced to sell at $48,000! Contact Us About This Route Here!
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