Independent contractor routes that net over 1,000,000 a year

Discussion in 'FedEx Discussions' started by Bigmike3way, Aug 31, 2015.

  1. Bigmike3way

    Bigmike3way New Member

    Is this possible? How many routes would you approximately need? If you owned one of these ; what happens going forward with fedex ISP agreements?
     
  2. Just one good route.
     
  3. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    image.jpg
     
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  4. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Net? As in after all the bills are paid?

    Are you high?
     
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  5. Bigmike3way

    Bigmike3way New Member

    No just asking ? A relative of mine owns a large amount of routes and was talking about buying some more. I've been to his house and it's pretty impressive.
     
  6. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    To net $1M means he would have to gross between$50-100M.

    Not happening.
     
  7. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    I've been to houses of people that make 200k a year that are very impressive and to those that make 2 million a year and aren't all that impressive.


    Don't get so caught up on be stuff people have. Worry about yourself.
     
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  8. Bigmike3way

    Bigmike3way New Member

    Wasn't implying that the house was everything. Sorry! I've researched individual route where netting 65-80 with paperwork backing up. Average fedex ISP drivers are making 40-50 k a year. I'm assuming 60-70 routes
     
  9. Brownslave688

    Brownslave688 You want a toe? I can get you a toe.

    If you're that interested Google his LLC It'll show what he makes.
     
  10. Bigmike3way

    Bigmike3way New Member

    What is the net profit percentage as a rule on ISP fedex llc this company I'm talking about has 45 routes mostly hd and done ground. No line haul.
     
  11. It will be fine

    It will be fine Well-Known Member

    I'd say average is around 5-10%. 45 routes is probably making him $3-400K.
     
  12. STFXG

    STFXG Well-Known Member

    Wait... What? You really make that little in ISP land?
     
  13. It will be fine

    It will be fine Well-Known Member

    I may be on the low end. I've been reinvesting everything for last few years in extra trucks and extra drivers. I'm sure I could make more if I actually drove myself, but who wants to do that?
     
  14. OUMick

    OUMick Member

    With everyone I've talked to, 15-25% net. Those have all been somewhat rural routes. I would assume a large metro area or any high wage area would be a smaller net percentage area.
     
  15. FedEx GT

    FedEx GT Active Member

    My average net on the year is about 19%. After this last agreement and factoring a full year of a couple extra PSAs that were acquired this year it should be closer to 25%.
     
  16. overflowed

    overflowed Well-Known Member

    Ask it will be fine. He pays 80000 a year and makes bucket loads of cash.
     
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  17. instiches

    instiches Member

    How dumb do you think someone would have to be to be in a business that nets 1-2% of their revenue?
     
  18. It will be fine

    It will be fine Well-Known Member

    FedEx express profit margin is 2.05%. Or is that the joke?
     
  19. bacha29

    bacha29 Well-Known Member

    No joke Smith's stated goal when the restructuring of express was announced was to get x up to a profit margin of !0% Hasn't made it anywhere close to that. Restructuring ? Where re they getting the money to commit themselves to the purchase of 100 brand new Boeing 767's and 777"s . Ground of course. Check the operating results Without ground X instead of being a $160 stock would be a $70 dollar stock.
     
  20. MAKAVELI

    MAKAVELI Well-Known Member

    I wonder how UPS does it with no contractor scam?:confused: