What is the current yearly gross for this route?
Currently this route grosses $529,848 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 $150,000. Terms to be discussed. Seller will not entertain SBA loans. However if you need more money, you can review additional Financing Options Here
What are my expenses and overhead?
Expenses include, but are not limited to: fuel, repairs, payroll, workers compensation, scanners, uniforms, and insurance. The current owners estimate $420,693 per year in expenses/overhead (Note: Expenses represent a cash purchase and do not account for finance payments if requiring a loan to purchase).
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 workers’ 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 the following vehicles: 2012 Chevy Box (204k miles), 2012 Chevy Box (151k miles), 2006 Freightliner (261k miles), (2017) Ford P1000 (20,800 miles), 2017 Ford P1000 (29,500 miles), 2017 Ford P700 (42k miles). These vehicles are paid in full. If you are considering purchasing, leasing or financing a vehicle you can review additional information here.
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 $529,848 per year, minus $420,693 estimated yearly expenses as mentioned above gives you the net of $109,155 per year!
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.
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 pursuing other business interests.
Where is the Terminal/pickup location?
Seller will disclose location once an NDA has been executed.
How long has the business been established?
The current seller has owned the business for 5 years.
How many stops does the route driver do a day?
Routes average 500+ stops per day combined.
How many days a week, and what hours do distributors work?
Employees work 5 days a week Tuesday through Saturday with Sunday, Monday off. Hours of operation are between 7am – 5pm.
What about vacation time or personal days?
Mission Foods
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 form an entity (must be an INC.). 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 Business consist of all Home Delivery Routes which require NO back tracking to pick up packages at the end of the day. Established & Turnkey! Start making income the week you take it over. Includes 5 Full Time Routes, 6 vehicles and 6 employees willing to transfer if given the opportunity. Full time manager in place. Priced to sell at $299,000! Seller financing available. 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!
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