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Investing in a FedEx route basics
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<blockquote data-quote="Jon3101" data-source="post: 2506604" data-attributes="member: 65608"><p>I am trying to assess how realistic it is for me to purchase a route(s) and get to scale prior to the new stops/route requirements kicking in. I have ~ $100k liquid, ~$250k in retirement accounts, 800 Fico score. I have a business background, but no industry background (other than unloading trucks at UPS in college for a year).</p><p></p><p>My plan was to start with 1 or 2 routes, learn the business while driving and then buy/finance additional routes. I am almost completely open to any geographical area in the U.S.</p><p></p><p>Am I being overly optimistic that I would be able to reach scale, based on my finances? </p><p></p><p>I am mainly worried that growing to scale over a few years might put me at more risk than just buying an at scale route (in other words I get stuck with 2-4 routes and have to sell them for a loss). But on the other hand I am not sure based on my finances that I could afford to buy an at scale route..and I question whether I would be able to effectively manage 5 routes/500 stops without experience in the industry?</p><p></p><p>I would appreciate any thoughts on growing to ISP scale vs. buying ISP scale and if the latter is a viable option for me based on my finances and experience. </p><p></p><p>Thanks all</p></blockquote><p></p>
[QUOTE="Jon3101, post: 2506604, member: 65608"] I am trying to assess how realistic it is for me to purchase a route(s) and get to scale prior to the new stops/route requirements kicking in. I have ~ $100k liquid, ~$250k in retirement accounts, 800 Fico score. I have a business background, but no industry background (other than unloading trucks at UPS in college for a year). My plan was to start with 1 or 2 routes, learn the business while driving and then buy/finance additional routes. I am almost completely open to any geographical area in the U.S. Am I being overly optimistic that I would be able to reach scale, based on my finances? I am mainly worried that growing to scale over a few years might put me at more risk than just buying an at scale route (in other words I get stuck with 2-4 routes and have to sell them for a loss). But on the other hand I am not sure based on my finances that I could afford to buy an at scale route..and I question whether I would be able to effectively manage 5 routes/500 stops without experience in the industry? I would appreciate any thoughts on growing to ISP scale vs. buying ISP scale and if the latter is a viable option for me based on my finances and experience. Thanks all [/QUOTE]
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