News
News and takeaways from FedEx investor day.
By Adam Armstrong |
FedEx held its annual investor day in Memphis, TN, on June 29, 2022. During the broadcast, several themes emerged from the presentations: asset utilization, collaborative initiatives, and optimization of line haul networks. The last several years have seen intensive capital investments in buildings. The problem is no company can keep up with the demand, as…
What are the successful Contractors doing?
By Adam Armstrong |
Over the last few years, our business has changed rapidly in the face of unprecedented challenges. From the covid-19 pandemic to high inflation, we want to examine the past few years and the lessons learned during this time. Whether you own a FedEx Ground business or a small business on Main Street, no company has…
Employee Retention Credits
By Adam Armstrong |
I wasn’t sure if you were aware of the ERC Credits that are out there. Other Independent Service Providers (ISPs) in the field have found success with us and we wish to extend that success to you and your company. We know the program can be a bit confusing to people who aren’t taxed and payroll professionals,…
Don’t bet against America
By Adam Armstrong |
I hope this message finds you all doing well and in good health. Over the last two years, the business landscape in America has undergone significant changes. There isn’t one industry out there that these events have not impacted. Every business in America struggles with finding good help, retaining the people they have, and just…
P&D routes are selling for a 3.71 multiple!
By Adam Armstrong |
We just received this data from GCF Valuations, a third company valuation company that performs independent valuations for banks on FedEx deals. In this data, of 188 SBA transactions, the national multiple for route sales is 3.71! Other interesting notes: Average avenue: $1,912,916.00 Average SDE: $357,856.00 Average EBITDA $294,269.00 Average Price/Revenue 0.71 Average P/SDE 2.91…
Urgent message for Buyers regarding SBA 7a loans!
By Adam Armstrong |
NAGGL has learned that as part of ongoing infrastructure negotiations, a bipartisan group of Senators identified funds remaining from the Economic Aid Act that could be withdrawn from their intended purposes to help pay for the infrastructure bill. Potentially included among those funds are the dollars currently available to pay for the 7(a) stimulus provisions.…
Consumers spent $900 billion more online in 2020!
By Adam Armstrong |
Consumers across the globe spent $900 billion more at online retailers in 2020 compared with the prior two-year trend, according to a report released Tuesday by the Mastercard Economics Institute. Shoppers are heading back to restaurants and returning to stores to buy clothes and shoes in person. Yet they will continue to stock their fridges…
Update 2-17-2021 SBA Payment Relief Program details
By Adam Armstrong |
We wanted to let you know that there have been recent updates to the SBA Payment Relief Program that will become effective on 2/19/2021. Unfortunately, the SBA has determined that they will not have sufficient funding to make all the payments outlined in the original bill. Below are the following changes: New SBA 7(a) and…
Second round of COVID-19 relief.
By Adam Armstrong |
The second round of COVID-19 relief has been passed and we have been reading what’s available for our buyers. If you are a buyer in the market looking to take out an SBA 7a loan the first 6 months of payments and interest will be picked up by Uncle Sam. This begins in February 2021…
Shoppers spend a record $10.8 billion on Cyber Monday
By Adam Armstrong |
Holiday shoppers went online Monday and spent $10.8 billion, setting a record for the largest U.S. online shopping day ever, according to Adobe Analytics data. Cyber Monday spending rose 15.1% year over year, according to Adobe, which analyzes website transactions from 80 of the top 100 U.S. online retailers. That came in short of Adobe’s…