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Asking Price: $ SOLD (Sale closed in 70 days!!)
Sales: $565,938
FF&E: $29,000
Inventory: $13,000
Cash Flow to Owner: $129,146
Business Description: 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 North 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.
“I was in search of purchasing a business for about a year and a first time buyer. Jeff and his team were extremely professional, walked me through everything step by step, communicated frequently and clearly and helped me to successfully procure the business. Even post-acquisition, Jeff has continued to stay in touch to make sure that the transition from the sellers was going as planned. Once I am ready, I will definitely be reaching out to Jeff again for my next acquisition.”
Irfan Motiwala, President, ILM Shipping & Logistics 1 LLC
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.
Absentee Mail-Pack-Ship Center for Sale
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.
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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, plus a 5-yr renewal option. 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.
Support & Training: The semi-absentee seller will train buyers in their oversight role at this Absentee Mail-Pack-Ship Center for Sale for 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.
Looking for a pet care absentee business?
Reason for Selling: Retirement.
Purchase Price: The asking price for the assets of the business is $ SOLD with 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 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. SELLER PREFERS TO SELL FOR ALL-CASH. 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.
ALL STATEMENTS, FIGURES, AND VALUES ARE SUBJECT TO A PROSPECTIVE PURCHASER’S DUE DILIGENCE. THE INFORMATION FURNISHED BY M&A ADVISOR ABOUT THE BUSINESS AND ITS FINANCIALS HAS BEEN PREPARED BY OR IS BASED UPON REPRESENTATIONS AND INFORMATION SUPPLIED BY THE SELLER. ADVISOR HAS MADE NO INDEPENDENT INVESTIGATION OR VERIFICATION OF SAID INFORMATION.
For information, reference Absentee Mail-Pack-Ship Center for Sale 20401 MCBC, FRC, CBB at Adam Noble Group, LLC
Phone: (817) 467-2161
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For 3 decades, we have been guiding business owners and their families CONFIDENTIALLY to exit their retail shipping business with the BIGGEST paycheck of their life!
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During 3 decades of M&A service, Jeff Adam has successfully completed the sale of over 825 businesses and advised or completed 1,000’s of business valuations and exit plans. An entrepreneur in his own right, he has started and grown 12 companies in fields including international finance, B2B services, business valuation, construction, screen printing, Mergers & Acquisitions, engineering, and manufacturing. Jeff has donated his time as a distinguished speaker at numerous national & international conferences since 1977 covering topics such as environmental services, engineering, media, craft breweries, exit planning, business valuation, charitable giving, management, business brokerage and M&A fields.
Jeff is President of Adam Noble Group, LLC, a national M&A Advisory firm, professionally valuing, exit planning, and confidentially selling profitable businesses owned by exit-motivated business owners to qualified strategic, corporate, private equity, partners, management, and financial buyers. The team establishes rapport, builds trust, and educates business owners in the steps to meet their goals as they prepare and achieve the discreet, confidential exit of their business. The firm exclusively represents sellers of $1M-50M value enterprises and endeavors to transfer their businesses to qualified, capable acquirers who will build upon the seller’s vision, goals, culture, and history. Jeff maintains lifelong repeat and referral relationships with sellers, their acquirers, and service providers.
Adam Noble Group has multiple M&A and business broker specialties: Manufacturing, Aerospace Defense Industry, Oilfield services, Technology, Construction trades, Craft Breweries, Partnership Buyouts, Service, and Wholesale Distributors.
We have successfully exited our own companies … we have walked in your shoes! Let us put the BIGGEST CHECK of your life in your pocket! Please contact us and we will confidentially answer all your questions. We will fully describe the process and answer all of your questions, all discreetly and with no pressure.
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