News

Black Friday online sales top $9 billion in new record!

Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe, which tracks sales on retailers’ websites. Overall online sales for the day after Thanksgiving were up 2.3% year over year, and electronics were a major contributor, as online sales surged 221% over an average day in October, Adobe said.…

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It’s the end of the world as we know it, and I feel fine!

I hope this message finds everyone doing well and in good health! The other day I was on my way home from work, the DOW dropped 1,000 + points, and the REM song “It’s the end of the world” came on the radio. I tried to sing along with it, but our dachshund dog, Oscar,…

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Inefficient contractors fail, how to avoid the pitfalls.

Good morning, good afternoon, and good evening all.  I’m sure you’ve seen the headlines by now, Contractors are facing certain bankruptcy if they don’t receive a raise!  Each Contractor has a unique service area they deliver to.  I do not believe two service areas fit the same mold. I started working in this space in…

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Online sales rose 2.2% in June as consumers remain resilient.

Consumer spending held up during June’s inflation surge, with retail sales rising slightly more than expected for the month amid rising prices across most categories, the Commerce Department reported Friday. Advance retail sales increased 1% for the month, better than the Dow Jones estimate of a 0.9% increase. That marked a big jump from the…

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News and takeaways from FedEx investor day.

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…

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What are the successful Contractors doing?

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…

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Employee Retention Credits

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,…

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Don’t bet against America

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…

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P&D routes are selling for a 3.71 multiple!

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…

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Urgent message for Buyers regarding SBA 7a loans!

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.…

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