FedEx Ground Routes For Sale – Estero, Fort Myers, Florida
FedEx Ground Routes for sale $145,000! Currently grossing $127,893 and nets $60,507 per year as an owner part time driver of the business. Includes 1 Full Time Bulk Ground Route and 1 Supplemental Route, 3 vehicles, and 1 employee in place willing to transfer with the business if given the opportunity. Well established route. The seller has owned this business for 15 years. The Bulk Ground Route delivers to shopping mall stores including: Nike, Bed, Bath and Beyond, Rack Room Shoes and Abercrombie. Growing business backed by a publicly traded company on the NYSE! Territory for this route includes the Estero, Fort Myers, Florida region. Due to future ISP requirements, new owner will be required to own 5 or more routes. 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:
What is the current yearly gross for this route?
Currently this route grosses $127,893 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 for small business startup loans based on your personal credit history. Please be advised that owner will not entertain seller financing, SBA loans. If seeking financing buyer must be able to borrow against personal assets.
What are my expenses and overhead?
Expenses include, but are not limited to: fuel, vehicle maintenance and repairs, payroll, workers compensation, and insurance. The current owner estimates $67,386 per year in expenses/overhead for the business.
What type of insurance do I need?
Typically a single owner operator of a route distributorship will need commercial insurance for their delivery vehicle and business liability insurance. Owners with multiple employees will need a multiple vehicle policy and worker’s compensation. Routes For Sale now offers discounts on insurance! Through our size and volume, we have partnered with some of the largest insurance brokers in the nation to offer the best rates. Request Your Free Insurance Quote Here.
What type of vehicle do I need?
The current owner operates this business using three 24′ Straight Trucks: 2000 International (253k miles), 2001 International (312k miles) and 1995 GMC (320k miles). These vehicles are included in the purchase. When considering an additional truck purchase, Routes For Sale recommends MAG Trucks.
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 $127,893 per year, minus $67,386 estimated yearly expenses as mentioned above gives you the net of $60,507 per year as the owner/driver of the business.
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.
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 change in family circumstances.
Where is the Terminal/pickup location?
Located within the routes territory. At sellers request location will be disclosed upon execution of an NDA.
How long has the business been established?
The current seller has owned the business for 15 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. Hours of operation are between 8am – 5pm.
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. Includes 1 Full Time Bulk Ground Route and 1 Supplemental Route, 3 vehicles, and 1 employee in place willing to transfer with the business if given the opportunity. Growing business backed by a publicly traded company on the NYSE! Priced to sell at $145,000! 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 Request A Consultation 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.