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FedEx Discussions
Buying a Fedex Ground Route
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<blockquote data-quote="dvalleyjim" data-source="post: 2052466" data-attributes="member: 36471"><p>You know, here's my point. You have an $800,000 - 1 million $ business. Can you sell it for this amount? Do you have low debt?</p><p>Are you in a position to lose it or go bankrupt on it? For me being a musician and only wanted income I didn't have to work at was great for a long time. I had 3 trucks and when I went to 4 I built it up and sold the oldest truck with the route. But when in 2008 we went to psa's I began thinking that I wanted out. I had to get a corporation, go to a FedEx audited payroll, couldn't 1099 anyone including me mechanic. My drivers were now bringing home $600.00 per wk instead of 750.00, The AQMD made me upgrade my fleet. I said sheesh. This is getting like a job. A guy offered me cash and I sold. Best decision I ever made. I have a stress free exsistance and am only responsible for delivering my packages and not wrecking the truck (easy). (sorry I've had some Jim Beam)</p></blockquote><p></p>
[QUOTE="dvalleyjim, post: 2052466, member: 36471"] You know, here's my point. You have an $800,000 - 1 million $ business. Can you sell it for this amount? Do you have low debt? Are you in a position to lose it or go bankrupt on it? For me being a musician and only wanted income I didn't have to work at was great for a long time. I had 3 trucks and when I went to 4 I built it up and sold the oldest truck with the route. But when in 2008 we went to psa's I began thinking that I wanted out. I had to get a corporation, go to a FedEx audited payroll, couldn't 1099 anyone including me mechanic. My drivers were now bringing home $600.00 per wk instead of 750.00, The AQMD made me upgrade my fleet. I said sheesh. This is getting like a job. A guy offered me cash and I sold. Best decision I ever made. I have a stress free exsistance and am only responsible for delivering my packages and not wrecking the truck (easy). (sorry I've had some Jim Beam) [/QUOTE]
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