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FedEx contractor advice?
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<blockquote data-quote="bbsam" data-source="post: 1114761" data-attributes="member: 22662"><p>serco gives very good advice. If I were going to buy a route, the first thing I would do is ask station management if they are an Independent Contractor or an Independent Service Provider state. Same concept but significantly different. Then get a sample contract/agreement from them and read through it carefully. If you have read carefully, there will invariably be serious questions that arise. Remember, FedEx wrote the document and they wrote it to favor themselves. Take your questions to an attorney. Pay very close attention to the answers given. Next, find an IC or ISP in the same building (but not the one you are buying from) and present him/her with your questions and the answers provided by the attorney. Often there is a chasm between what is written and what is practiced within a station. Sometimes the chasm favors the IC/ISP, sometimes not so much.</p><p></p><p>If at this point it still seems like an attractive proposition, get the financials. Any IC/ISP who has any success in a decent manner can produce several years of taxes and cash-flow information within 24 hours. If he can't, turn it to your advantage. He's having a "fire sale" and almost has to get out. If this is the case, and you feel so inclined, a low-ball offer may be in order. Remember, you can always pay full price later if your offer is refused.</p><p></p><p>The information is out there but proceed cautiously. I have found it to be profitable, but I got most of my routes for free over the years. Good luck.</p></blockquote><p></p>
[QUOTE="bbsam, post: 1114761, member: 22662"] serco gives very good advice. If I were going to buy a route, the first thing I would do is ask station management if they are an Independent Contractor or an Independent Service Provider state. Same concept but significantly different. Then get a sample contract/agreement from them and read through it carefully. If you have read carefully, there will invariably be serious questions that arise. Remember, FedEx wrote the document and they wrote it to favor themselves. Take your questions to an attorney. Pay very close attention to the answers given. Next, find an IC or ISP in the same building (but not the one you are buying from) and present him/her with your questions and the answers provided by the attorney. Often there is a chasm between what is written and what is practiced within a station. Sometimes the chasm favors the IC/ISP, sometimes not so much. If at this point it still seems like an attractive proposition, get the financials. Any IC/ISP who has any success in a decent manner can produce several years of taxes and cash-flow information within 24 hours. If he can't, turn it to your advantage. He's having a "fire sale" and almost has to get out. If this is the case, and you feel so inclined, a low-ball offer may be in order. Remember, you can always pay full price later if your offer is refused. The information is out there but proceed cautiously. I have found it to be profitable, but I got most of my routes for free over the years. Good luck. [/QUOTE]
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