MARKET DATA

We've pulled some historical data from several
FedEx sales from 2017 to present

As the years go on, it is apparent that businesses are selling for a higher ratio when looking at the annual gross revenue versus the reported cash flow. These ratios, or multiples are showing a higher multiple and sale price as time progresses.

Ellenwood, GA 6/6/2017 $945,000.00 Not disclosed Not disclosed
Queens, NY 6/13/2017 $699,000 Not disclosed Not disclosed
Brooklyn, NY 6/13/2017 $1,350,000 Not disclosed Not disclosed
Bayside, NY 6/20/2017 $725,000 Not disclosed Not disclosed
Williston, VT 6/20/2017 $1,350,000 Not disclosed Not disclosed
Queens, NY 6/20/2017 $779,000 Not disclosed Not disclosed
Brooklyn, NY 6/28/2017 $415,000 Not disclosed Not disclosed
Stockbridge, GA 7/25/2017 $1,250,000 Not disclosed Not disclosed
Atlanta, GA 7/25/2017 $525,000 Not disclosed Not disclosed
Lufkin, TX 8/1/2017 $415,000 $450,000 $157,000
Kennesaw, GA 8/25/2017 $1,100,000 $1,200,000 $364,000
Brooklyn, NY 9/4/2017 $239,000 Not disclosed Not disclosed
Philadelphia, PA 9/4/2017 $1,596,000 $2,100,000 $525,000
Abilene, TX 10/10/2017 $539,000 $560,000 $178,000
Stockbridge, GA 10/26/2017 $285,000 Not disclosed Not disclosed
Kennesaw, GA 11/7/2017 $1,300,000 $1,300,000 Not disclosed
Ozone Park, NY 11/7/2017 $525,000 Not disclosed Not disclosed
Bowling Green, KY 11/17/2017 $449,000 $1,129,147 $158,450
Houston, TX 11/29/2017 $675,000 $1,008,598.00 $269,683
White Marsh, MD 12/11/2017 $300,000 $600,000 $101,810
Confidential, PA 12/11/2017 $1,490,000 $1,768,238 $513,922
Newnan, GA 12/12/2017 $595,000 $553,278 $228,888
San Angelo, TX 12/21/2017 $505,000 $618,795 $166,067
Baltimore, MD 1/2/2018 $3,000,000 $3,260,249 $635,035
Bridgewater, MA 1/10/2018 $535,000 Not disclosed Not disclosed
Port Orange, FL 1/11/2018 $585,000 $420,113 $214,495
Confidential, FL 1/12/2018 $1,000,000 $1,086,862 Not disclosed
Throggs Neck, NY 1/17/2018 $899,000 Not disclosed Not disclosed
Orlando, FL 1/18/2018 $295,000 $265,974 $84,336
Woodbridge, NJ 1/20/2018 $678,000 Not disclosed Not disclosed
Nashville, TN 1/25/2018 $1,300,000 $1,150,000 $366,776
North Chicago, IL 1/26/2018 $650,000 $1,022,712 $180,910
Saint Louis, MO 1/26/2018 $949,000 $1,009,580 $240,507
Pittston, PA 1/29/2018 $1,490,000 $1,851,337 $456,291
Los Angeles, CA 1/29/2018 $800,000 $903,831 $254,742
Stockbridge, GA 2/2/2018 $285,000 Not disclosed Not disclosed
Atlanta, GA 2/2/2018 $350,000 $580,000 $116,989
Sacramento, CA 2/8/2018 $1,000,000 $1,393,807 $309,854
Wilmington, NC 2/12/2018 $340,000 $736,946 $101,693
Brooklyn, NY 2/13/2018 $285,000 Not disclosed Not disclosed
Jacksonville, FL 2/14/2018 $850,000 $1,100,000 Not disclosed
Zionsville, IN 2/14/2018 $390,000 $626,000 Not disclosed
Stockton, CA 2/14/2018 $950,000 $989,936 $210,000
Atlanta, GA 2/20/2018 $700,000 $869,686 $182,830
Denver, CO 2/26/2018 $2,000,000 $2,000,000 $500,000
Portland, ME 3/2/2018 $260,000 $657,000 $150,020
Durham, NC 3/6/2018 $389,000 $489,227 $108,673
Memphis, TN 3/9/2018 $320,000 $325,096 $104,022
Youngstown, OH 3/12/2018 $200,000 $450,000 $117,309
Not Disclosed, WI 3/12/2018 $700,000 $912,000 $249,000
Atlanta, GA 3/13/2018 $275,000 $580,000 $116,989
Norcross, GA 3/19/2018 $500,000 $720,021 $190,742
Pittston, PA 3/20/2018 $1,300,000 $1,851,337 $456,291
Kremmling, CO 3/22/2018 $300,000 $400,000 $150,000
Kingsport, TN 3/23/2018 $700,000 $875,219 $239,465
Woodbridge, NJ 3/25/2018 $960,000 Not disclosed Not disclosed
Louisville, KY 3/29/2018 $299,000 $529,848 $109,155
Norcross, GA 3/30/2018 $375,000 $772,442 $136,272
Dover, NJ 4/4/2018 $800,000 $990,000 $349,000
Austell, GA 4/9/2018 $335,000 $539,243 Not disclosed
Dallas, TX 4/10/2018 $1,000,000 $1,220,000 $411,000
Pittston, PA 4/17/2018 $10,885,000 $1,885,000 $465,000
Pompano Beach, FL 4/17/2018 $700,000 $625,000 $219,119
Los Angeles, CA 4/18/2018 $825,000 $1,100,000 $400,000
Saint Louis, MO 4/20/2018 $235,000 $347,510 $95,147
Cincinnati, OH 4/20/2018 $699,000 $691,085 $168,007
Bowling Green, KY 4/20/2018 $599,000 $950,875 $171,048
Kennesaw, GA 4/24/2018 $680,000 $538,000 Not disclosed
Kissimmee, FL 4/26/2018 $630,000 $554,536 $181,190
Debary, FL 4/26/2018 $190,000 $157,719 $87,568
West Palm Beach, FL 4/30/2018 $720,000 $720,000 Not disclosed
Bronx, NY 5/7/2018 $722,000 $565,000 $312,005
Roanoke, VA 5/7/2018 $845,000 $679,900 $280,000
Manhattan, NY 5/7/2018 $322,000 $456,000 $142,456