FedEx Ground Routes For Sale – Norfolk, Chesapeake, Portsmouth, Suffolk, Virginia

FedEx Ground Routes for sale $369,000! Currently routes grossing an estimated $385,464 and nets $111,918 as an owner of the business (owner does not drive). Includes 4 full time PSA routes, 6 vehicles, and 5 employees willing to transfer if given the opportunity (turnkey includes a full time manager in place). Territory for this route includes the Norfolk, Chesapeake, Portsmouth, Suffolk, Virginia region and is purchased through independent distributor and contracted through FedEx. Please be advised that owner will not entertain seller financing, SBA loans, or third party lending. If seeking financing, buyer must be able to borrow against personal assets.

Frequently Asked Questions:

Price:

$ $369,000

Per Month

Cash Flow:

$ $111,918

Per Month

Financing:

$ No

Per Month

Listing:

$ Sold

Per Month

FedEx Routes

What is the current yearly gross for this route?

Currently this route grosses an estimated $385,464 per year. Income documentation will be provided to all serious buyers.

How do I get paid?

As an independent distributor you are paid per stop, per package, and through bonuses.

Can I finance the route?

Need money? You can review additional Financing Options Here There is no seller financing for this route, and unfortunately banks will NOT write business loans against route based businesses for several reasons.

What are my expenses and overhead?

Expenses include, but are not limited to: fuel, payroll, workers compensation, repairs, vehicle maintenance, scanners, uniforms, insurance for your vehicles, and liability insurance for your business. The current owner estimates $273,546 per year in expenses/overhead for the business.

What type of vehicle do I need?

The current owners operate this business with 6 vehicles that are included: 2012 Ford P1100 (39k miles), 2013 Ford P1200 (42k miles), 2005 Chevrolet Van 1500 (213k miles), 2003 Ford Box Truck (170k miles), 1994 International (75k miles), and a 1996 International P1000 (241k miles). All vehicles are paid in full. Estimated value is $100,000!

Does the company provide a fuel incentive?

Yes, FedEx provides a fuel supplement based on current prices.

What is the Gross vs the Net income?

The gross income for the route is $385,464 per year, minus $273,546 estimated yearly expenses as mentioned above gives you the net $111,918 as an owner of the business (full time manager in place).

How does the selling price of the route get determined?

FedEx owners determine the selling price of their route by using a 3 multiple of their yearly cash flow/net income. Routes that are turnkey with a full time manager in place sell for up to a 4 multiple.

What are the company requirements?

FedEx requires a third party background check, you must have no felonies and a decent driving record. Additionally 1 year of driving experience of a similar delivery vehicle you intend to drive within the last 3 years, or 5 years within the last 10 years if operating as an owner/driver of the business. If you do not meet these requirements, owners can now bypass the required experience by taking an approved FedEx course to qualify as drivers. Owners do not need to meet this requirement if they don’t intend to drive.

Do I have to sign a contract?

Yes, as an independent distributor you sign a service agreement to represent FedEx. The contract is to protect both the company and its distributors.

FedEx Routes

Is this a viable business model for growth?

Yes! Route values can be increased by new account openings, and additional growth in the area. FedEx uses sales reps to expand and develop the routes. In fact CNBC recently did a documentary called “Inside The Package Wars” showing the growth over the years of FedEx and it’s competitor UPS.
View The Video Here.

Why is the distributor selling?

Seller is relocating.

Where is the Terminal/pickup location?

Located in Norfolk, Virginia.

How long has the business been established?

The current seller has owned the business for less than 1 year. Routes have been established years prior.

How many stops does the route driver do a day?

All routes combined average over 300 stops per day and the driver works on average of 8-9 hours.

How many days a week, and what hours do distributors work?

Drivers work 5 days a week Monday through Friday with Saturday and Sunday’s off. Hours of operation are between 8:00am – 5:30pm.

What about vacation time or personal days?

As an independent distributor/business owner you are responsible for the route being serviced. Additionally there are currently independent drivers who have FedEx experience that can cover for time needed off.

What is required in order to qualify for purchase?

Typically, most company routes or distributorships will require you to attend an interview for approval from the company, background check, and in most cases require the buyer to form some type of entity such as an LLC or Corporation. This not only protects the company, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.

What else should I know?

FedEx Ground has enjoyed a successful working relationship with independent contractors for nearly 25 years. Established and turnkey business, start receiving income the week you take over! Includes 4 full time PSA routes, 6 vehicles, and 5 employees willing to transfer if given the opportunity (turnkey includes a full time manager in place). Priced to sell at $369,000! Contact Us About This Route Here!

How can I learn more about these type of routes?

In order to provide New Buyers with as much information as possible we have put together a quick overview of the industry. Learn More About FedEx Routes Here! For additional consulting services with one of our FedEx route specialists Contact Us Here!

Disclaimer: Routes For Sale is a Broker that brings buyers and sellers together. Routes For Sale does not represent, or is not affiliated with the company the distributorship is being offered. All agreements are made between the buyer and seller and not Routes For Sale. It is the prospective Buyer’s duty and obligation to verify the accuracy of the Seller’s representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on a current 52 week sales average generated by the efforts of the current owner. As with any business you can make more or less.

FedEx Ground
Virginia
Norfolk Virginia United States
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