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FedEx Discussions
Looking to buy FedEx routes Need Advice from owners
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<blockquote data-quote="dmac1" data-source="post: 3437723" data-attributes="member: 60252"><p>You own the trucks and nothing else except maybe uniforms if you paid for those.. You have temporary rights to deliver packages that fedex can withdraw unilaterally if they decide to alter their business model, or if they decide that you violated the contract. You have the right to arbitrate if they cancel your contract, but your damages are limited, probably only to potential profit for any time remaining until renewal time. If you 'profited' $5000 a month, that would be your damage limit for each remaining month. If you paid $100k for 'business' and only had 3 months remaining under your contract AND won at an arbitration hearing, you might recover $15k.</p><p></p><p>Buy a REAL asset instead.</p></blockquote><p></p>
[QUOTE="dmac1, post: 3437723, member: 60252"] You own the trucks and nothing else except maybe uniforms if you paid for those.. You have temporary rights to deliver packages that fedex can withdraw unilaterally if they decide to alter their business model, or if they decide that you violated the contract. You have the right to arbitrate if they cancel your contract, but your damages are limited, probably only to potential profit for any time remaining until renewal time. If you 'profited' $5000 a month, that would be your damage limit for each remaining month. If you paid $100k for 'business' and only had 3 months remaining under your contract AND won at an arbitration hearing, you might recover $15k. Buy a REAL asset instead. [/QUOTE]
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