Jeannette Engel
Union Bay Group
(206) 783-1717Email Jeannette
Business Overview
Company is a well-established premiere 19+ year-old independent retail shipping center offering full-service physical mailbox rentals with 24-hour access, virtual mailboxes, UPS/FedEx/DHL shipping, USPS stamps and services, professional packing and supplies, copying, printing, fax, scanning, notary, secure document shredding, retail greeting cards, specialty gifts, laminating and related products/services to affluent residents and businesses in the northwest Fort Worth and surrounding area. A knowledgeable and courteous staff provides personal customer service, knows most customers by their first name and is committed to making the customer happy and saving their valuable time at a one-stop shop location.
The business is situated in a busy center in Fort Worth with easy access, ample parking and, most importantly, on a major thoroughfare with ~24,000+ cars passing daily. The location is in a very favorable economic demographic area. This very loyal customer base is economically upper middle class with discretionary income to spend on conveniences and services that save them time.
The owner works remotely 5-7 hours/week ordering supplies, scheduling the reliable work team, bookkeeping, and processing payroll. The owner never works in the store, partly because the owner travels extensively. The manager handles all other aspects of the business including any call-ins when they may occur. The manager handles customer complaints (if any), makes weekly deposits and gets petty cash, covers employee call in, answers emails, submits monthly reports & bi-weekly payroll timesheets via email, bills A/R accounts once a month, prints postal box due and past due notices, calls on overdue A/R or postal box accounts. They perform notary, as well as Customer Service Rep duties. The business also has fully trained backup assistant managers. The business has grown from 2 part-time to 1 full-time and 5 part-time trained hourly employees.
The customer base is small-office/home-office (SOHO) businesses, corporate ?road warriors?, homemakers and schools. The owner estimates the customer base is approximately ~90% residential and ~10% business customers. Sales mix is approximately ~64% shipping, 12% stamps, 8% mailbox rentals, 3% gift/retail, 2% boxes/packing.
The owner feels that a major advantage over competitors is the trained, motivated, professional employee team, the choice of multiple shipping services, the longevity of the same store in one location and long-standing relationships with customers. The customers are happy with the service and committed to using the company. The business is recession-resistant, and a new, energetic owner can further increase sales & profits in many ways such as 1) continue growth of highly profitable mailbox rentals, 2) Add virtual mailboxes (virtual mailboxes have unlimited growth!), 3) continue adding national services through industry association, 4) add freight services, hands-on operation.
Facilities: The business occupies approximately 1,000+/- SF office space in an upscale location in Fort Worth. The current 60-month lease term expires approximately December 31, 2026, and is leased for $3,000/mo including utilities and trash. Seller believes that landlord is willing to offer a long-term lease and renewals to a qualified purchaser. The business location is on a major thoroughfare and has great visibility.
Competition: The retail shipping industry is very competitive. The business attracts customers from a 5-mile radius including some commuters who live outside this radius. Despite the presence of well-established competitors, the owner feels that customer service at the store is outstanding; employees are professional, well-trained, and knowledgeable to operate the front of the business, pack, ship and sell. Customers are prepared to drive to this store for superior service and convenience.
Growth & Expansion: The business has built a strong reputation ~19+ years for quality and specialized work. Most of the current business is repeat and referral. The Primary Target Market consists of ~90% consumer and ~10% business mix within a 5 miles geographical radius. The seller has used the location, signage, word of mouth and friendly service to build the business.
The primary marketing strategy is word of mouth, website, carrier websites, social media, occasional flyers, a temporary billboard street sign, and Package Hub Network to customers/clients/businesses who need shipping, packing, personal mailbox rental, copies, scanning, faxing, notary, shredding, gifts and more.
A new, energetic owner can further increase sales & profits in many ways: 1) Mailbox rentals are a significant source of BOTH income and regular, returning, loyal customers. The owner advises that there have been no increases in several years; the rates could be increased based on a market pricing review. 2) Add mailboxes, 3) Promote social media reviews on Yelp, Google, etc., 4) Adding business-related services such as large format printing. 5) Direct mail to local home-based businesses, 6) Marketing to local businesses and medical offices to develop house accounts, 7) Evaluate adding fingerprinting services
Support & Training: Seller will train buyer for up to 2 weeks included with the purchase price. Seller is willing to provide additional training or support at mutually agreed compensation for up to 30 days.
Reason for Selling: Retirement
Purchase Price: The asking price for the assets of the business is $400,000 with $80,000 CASH down payment and balance financed as an SBA7(a) loan. If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the seller. Seller prefers to sell for ALL-CASH. Seller Financing is subject to Seller?s Approval, in Seller?s SOLE discretion and responsibility, of the Purchaser?s financials, creditworthiness and suitability as the Purchaser. All financing is to be personally guaranteed. The assets include inventory at cost of $13,000, Accounts Receivable of $00 and FFE (Furniture, Fixtures and Equipment) valued at $29,000. The purchaser will need to assume 1) PostalMate and PMtools software subscription. The price will be adjusted for actual inventory and accounts receivables as of the sale date.
NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES. We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information and consider registering your criteria as a purchaser.
KEYWORDS: courier package route delivery mailboxes PostNet UPS Store Packaging UPS FEDEX DHL shipping postal shipping postalmate Shiprite mail boxes PostNet UPS Store Packaging UPS FEDEX DHL shipping PASS mailboxes etc postal connections pakmail goin' postal mbe Eagle mail and more packaging and shipping specialists safe ship postalmate Shiprite AIM Mail Center Annex Brands RSA Retail Shipping Associates AMBC Dallas Fort Worth Arlington Weatherford Sell my Retail Shipping Business For Sale
The business is situated in a busy center in Fort Worth with easy access, ample parking and, most importantly, on a major thoroughfare with ~24,000+ cars passing daily. The location is in a very favorable economic demographic area. This very loyal customer base is economically upper middle class with discretionary income to spend on conveniences and services that save them time.
The owner works remotely 5-7 hours/week ordering supplies, scheduling the reliable work team, bookkeeping, and processing payroll. The owner never works in the store, partly because the owner travels extensively. The manager handles all other aspects of the business including any call-ins when they may occur. The manager handles customer complaints (if any), makes weekly deposits and gets petty cash, covers employee call in, answers emails, submits monthly reports & bi-weekly payroll timesheets via email, bills A/R accounts once a month, prints postal box due and past due notices, calls on overdue A/R or postal box accounts. They perform notary, as well as Customer Service Rep duties. The business also has fully trained backup assistant managers. The business has grown from 2 part-time to 1 full-time and 5 part-time trained hourly employees.
The customer base is small-office/home-office (SOHO) businesses, corporate ?road warriors?, homemakers and schools. The owner estimates the customer base is approximately ~90% residential and ~10% business customers. Sales mix is approximately ~64% shipping, 12% stamps, 8% mailbox rentals, 3% gift/retail, 2% boxes/packing.
The owner feels that a major advantage over competitors is the trained, motivated, professional employee team, the choice of multiple shipping services, the longevity of the same store in one location and long-standing relationships with customers. The customers are happy with the service and committed to using the company. The business is recession-resistant, and a new, energetic owner can further increase sales & profits in many ways such as 1) continue growth of highly profitable mailbox rentals, 2) Add virtual mailboxes (virtual mailboxes have unlimited growth!), 3) continue adding national services through industry association, 4) add freight services, hands-on operation.
Facilities: The business occupies approximately 1,000+/- SF office space in an upscale location in Fort Worth. The current 60-month lease term expires approximately December 31, 2026, and is leased for $3,000/mo including utilities and trash. Seller believes that landlord is willing to offer a long-term lease and renewals to a qualified purchaser. The business location is on a major thoroughfare and has great visibility.
Competition: The retail shipping industry is very competitive. The business attracts customers from a 5-mile radius including some commuters who live outside this radius. Despite the presence of well-established competitors, the owner feels that customer service at the store is outstanding; employees are professional, well-trained, and knowledgeable to operate the front of the business, pack, ship and sell. Customers are prepared to drive to this store for superior service and convenience.
Growth & Expansion: The business has built a strong reputation ~19+ years for quality and specialized work. Most of the current business is repeat and referral. The Primary Target Market consists of ~90% consumer and ~10% business mix within a 5 miles geographical radius. The seller has used the location, signage, word of mouth and friendly service to build the business.
The primary marketing strategy is word of mouth, website, carrier websites, social media, occasional flyers, a temporary billboard street sign, and Package Hub Network to customers/clients/businesses who need shipping, packing, personal mailbox rental, copies, scanning, faxing, notary, shredding, gifts and more.
A new, energetic owner can further increase sales & profits in many ways: 1) Mailbox rentals are a significant source of BOTH income and regular, returning, loyal customers. The owner advises that there have been no increases in several years; the rates could be increased based on a market pricing review. 2) Add mailboxes, 3) Promote social media reviews on Yelp, Google, etc., 4) Adding business-related services such as large format printing. 5) Direct mail to local home-based businesses, 6) Marketing to local businesses and medical offices to develop house accounts, 7) Evaluate adding fingerprinting services
Support & Training: Seller will train buyer for up to 2 weeks included with the purchase price. Seller is willing to provide additional training or support at mutually agreed compensation for up to 30 days.
Reason for Selling: Retirement
Purchase Price: The asking price for the assets of the business is $400,000 with $80,000 CASH down payment and balance financed as an SBA7(a) loan. If required by a commercial lender, the seller will consider financing up to 10% of the price to a purchaser qualified/approved by the seller. Seller prefers to sell for ALL-CASH. Seller Financing is subject to Seller?s Approval, in Seller?s SOLE discretion and responsibility, of the Purchaser?s financials, creditworthiness and suitability as the Purchaser. All financing is to be personally guaranteed. The assets include inventory at cost of $13,000, Accounts Receivable of $00 and FFE (Furniture, Fixtures and Equipment) valued at $29,000. The purchaser will need to assume 1) PostalMate and PMtools software subscription. The price will be adjusted for actual inventory and accounts receivables as of the sale date.
NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES. We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information and consider registering your criteria as a purchaser.
KEYWORDS: courier package route delivery mailboxes PostNet UPS Store Packaging UPS FEDEX DHL shipping postal shipping postalmate Shiprite mail boxes PostNet UPS Store Packaging UPS FEDEX DHL shipping PASS mailboxes etc postal connections pakmail goin' postal mbe Eagle mail and more packaging and shipping specialists safe ship postalmate Shiprite AIM Mail Center Annex Brands RSA Retail Shipping Associates AMBC Dallas Fort Worth Arlington Weatherford Sell my Retail Shipping Business For Sale
Listing Details
Category
Business ServicesMiscellaneous ServicesMotor Freight Transportation/WarehousePersonal ServicesTransportation By AirUnited States Postal Service
Detail
N/A
County
N/A
State
Texas
Country
USA
Area
Southwest (OK, AR, LA, TX)
Relocatable
Home Based
Franchise
Lender Pre-Qualified
A/R
N/A
Inventory
$13,000
FF&E
$29,000
Leasehold
N/A
Vehicles
N/A
Real Estate
N/A
Other Assets
N/A
Total Assets
N/A
Included
N/A
Current Liabilities
N/A