FedEx Ground & Home Delivery Routes For Sale – Wilmington, North Carolina

FedEx Ground and Home Delivery Routes for sale in the Wilmington, North Carolina region for $475,000! Seller financing available with $375,000 down. Currently routes are grossing $748,000 and net $202,749 as an owner/operator. Includes 7 routes – 5 PSAs and 2 supplementals, 9 vehicles paid in full and 9 employees. Full time manager in place. Routes service the following areas: Havelock, Newport, Cherry Point Air Base, and from Beaufort to Cedar Island. Routes will meet ISP requirements, including planned overlap. Seller has also communicated that in Jan 1, 2019, his routes will receive an increase in revenue on packages. Territory is purchased through independent distributor and contracted through FedEx. Growing business backed by a publicly traded company on the NYSE! Current owner is willing to remain available to train and assist until new owner is comfortable with ownership.

Frequently Asked Questions:

Price:

$ $475,000

Per Month

Cash Flow:

$ $202,749

Per Month

Financing:

$ Yes

Per Month

Listing:

$ Active

Per Month

FedEx Routes

What is the current yearly gross for this route?

Currently this route grosses $748,000 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?

Seller will finance up to $100,000. Terms to be discussed. Need more? You can review additional Financing Options Here

What are my expenses and overhead?

Expenses include, but are not limited to: fuel, repairs, payroll, scanners, uniforms, workers compensation, vehicle maintenance, insurance for your vehicles, and liability insurance for your business. The current owner estimates $545,251 per year in expenses/overhead for the business.

What type of vehicle do I need?

The current owner operates this business with the following vehicles that are included with the sale of the business: 2002 Freight Liner, 2007 Workhorse, 2007 Dodge Sprinter, 2008 MT45 Freight Liner, 2011 GMC Cargo Van, 2015 Ford Transit Van, 2015 Mitsubishi Fuso 16′ Box Truck, 2018 GMC Savannah 10′ Box Truck, and 2018 GMC Savannah 12′ Box Truck.

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 $748,000 per year, minus $545,251 estimated yearly expenses as mentioned above gives you the net $202,749 as an owner.

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?

Owner is selling due to a family illness.

Where is the Terminal/pickup location?

Terminal will be disclosed upon execution of an NDA.

How long has the business been established?

Seller has owned this business for less than 1 year. The business has been established for 10 years.

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

Drivers work 5 days a week Monday through Friday with Saturday and Sunday off for Ground Routes. Drivers of the Home Delivery Routes work Tuesday through Saturday with Sunday and Monday off. Hours of operation are between 7:30am – 4:00pm.

What about vacation time or personal days for drivers?

As an independent operator/business owner you are responsible for the route being serviced. In addition there are independent drivers who have FedEx experience that can cover for driver 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 and Home Delivery have enjoyed a successful working relationship with independent contractors for nearly 25 years. Includes 7 routes and 9 vehicles. Some seller financing available. Priced at $475,000! 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 & Home Delivery
North Carolina
Wilmington North Carolina United States
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