News

7 Reasons to Buy a package delivery business: E-commerce boom This past week JC Penny announced that it would be closing up to 140 stores across the nation due in part to Customers Buying more and more online. They are one of the many retailers that hasn’t been able to adopt to the changing world…

When you purchase a business, you will immediately begin to deal with the employees. The type and size of business will determine the number of employees needed. A profitable business will usually have long-term employees who will want to continue to work for you when you purchase the business. Remember, your customers think of your…

Is it time to sell? Selling your business is a major decision! You have devoted your time, money, and energy into building, running, and operating your business. It may well represent your life’s work. If you have already decided that now is the right time to sell, you want the very best professional guidance you…

A federal judge in Texas has issued a nationwide injunction blocking the Department of Labor’s rule requiring overtime pay for more than 4 million new workers. In a 20-page decision (see below), U.S. District Judge Amos L. Mazzant ruled that 21 states and more than 50 business groups that sued to block the rule stood…

FedEx anticipates another record peak holiday shipping season, with each of the four Mondays during the season expected to be among the busiest in our company’s history. The rapid growth of e-commerce has driven significant shifts in demand over the last several years, and we are confident we are prepared to deliver another successful holiday…

Bizbuysell.com just released their 2016 Buyer Seller Confidence Index. This is a great read into the market. We are still seeing strong sales in the FedEx Ground market, with a 3 multiple for P&D routes, and a 3.5X multiple on line haul. If you, or someone you know has been thinking about selling tell them…

When new laws go into effect there are usually a lot of questions from the small business community.  New OT regulations are going into effect on December 1, 2016.  We have put together this blog to help you get the facts. Fact Sheet #19: The Motor Carrier Exemption under the Fair Labor Standards Act (FLSA)…

Deciding whether to structure a business sale as an asset sale or a stock sale is complicated because the parties involved benefit from opposing structures. Generally, buyers prefer asset sales, whereas sellers prefer stock sales. This article highlights some primary differences between the two structures. This article is not intended to provide legal and/or tax…

This year has been a great year for Contractors who put their FedEx Ground business on the market. The national average was between 2.8x to 3x multiple, line haul businesses fetched a little more, with certain geographical areas seeing 3x to 3.5x multiples.  We believe the driving force in sales is baby boomers retiring, and…

The rise of online shopping is forcing warehouse builders to redraw the map of logistics hubs on the East Coast. During the weekend, FedEx Ground, one of the largest transporters of parcels and other shipments, broke ground for its largest facility in the country, an 800,000-square-foot automated distribution center in Allen Township, Pa., adding a…