FedEx Ground Route For Sale – Greensboro, North Carolina
FedEx Ground Route for sale $85,000! Currently grossing $119,271 in revenue and nets $34,469 per year as a manager of the business (owner does not drive). Business currently operates 1 PSA route, with 3 employees, and 2 vehicles willing to transfer with the business. Distributorship is purchased through independent seller and “protected territory” is contracted through FedEx. Territory for this route includes the University North Carolina, and all FedEx Kinko’s in the Greensboro, North Carolina region. Unique route with plenty of extra growth potential by assuming more freight and running vacation routes.
Frequently Asked Questions:
What is the current yearly gross for this route?
Currently this route grosses $119,271 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?
There is no seller financing for this route, and unfortunately banks will NOT write business loans against route based businesses for several reasons. However if you need money, you can review additional Financing Options Here
What are my expenses and overhead?
Expenses include, but are not limited to: fuel, repairs, payroll, scanners, and insurance. The current owner estimates $84,802 per year in expenses/overhead.
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 runs this business with 2 vehicles that are included with the purchase of the business. Vehicles include: 1994 International, and a 2006 GMC 3500 Box Truck (180k miles). All vehicles will be paid for free and clear for the new owner with the purchase of the new route. Estimated total value is $29,000! When considering additional vehicle lease or purchases for FedEx Routes, Routes For Sale recommends Bush 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 $119,271 per year, minus $84,802 estimated yearly expenses as mentioned above gives you the net of $34,469 per year as just a manager of the business (owner does not drive).
How does the selling price of the route get determined?
All FedEx routes determine the selling price of their route by using a 3 multiple of their yearly cash flow/net income, plus assets. This route is underpriced!
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 investing in another business opportunity.
Where is the Terminal/pickup location?
Located in Greensboro, North Carolina.
How long has the business been established?
The current seller has owned the business for 6 years.
How many days a week, and what hours do distributors work?
Employees work 5 days a week Monday through Friday with Saturday and Sunday’s off on the Ground Routes. Drivers work on average are 9-10 hours per day.
What about vacation time or personal days?
This route covers for vacation time for other contractors. Current route has an extra employee that is used as a floater.
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?
This FedEx route has plenty of extra growth potential by assuming more freight and running vacation routes. Established & Turnkey! Start making income the day you take it over. Great opportunity for investors! Priced at $85,000! 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.
North Carolina Greensboro North Carolina United States