Curious, with the possible elimination of Express Saver and shifting 2nd Day to Ground, wouldn't buying a route make sense......since volume will only increase?
Hello everyone,
I am new in this business and looking to buy a 2 fedex Home Delivery routes.
As of end of 2013 this was one PSA and Supplemental rout and had Gross for 2013 $185K. After January 1 Supplemental became independent PSA. I can't verify what gross can be for 2014 but seller think it can be at less $250K for both route.
I like to buy as Non-driver owner. Two drivers and two helper willing to stay.
He ask about $180K for both route.
I wanted to know the pros and cons if this is good deal, how hard or easy to find driver?
What kind of expenses are expected beside maintenance of the 2 trucks, payroll for 4 workers and all expenses which i can see from Weekly Independent Contractor Settlement Statement?
All yours responses will be very appreciated!
sounds like Alex isn't in an ISP state (yet)... only 2 routes were offered to him & i believe you need at least 3 to be an ISP?!?
it's all dependent on the service area/s at hand...
some areas can operate well, while others (the extended areas) that are far from the base are not as easy...
other areas, like Nick had, has very high expenses & deals w/ more tolls/parking tickets because it's in a metropolitan area ~ one metro area has soo many send-agains because the driver can't driver release them or they'll be stolen... those areas i've seen so many different contractors in a short timespan
in my area, the ones thriving are in the suburbia/townhome complexes.
one contractor that i've trained as a driver first, purchased a route because he lived in it & had some inside info that there will be numerous suburban complexes popping up. only 3 short years later, that route blew up into 2 PSAs and a supplemental & still growing...
it's 3 here.
Good luck. Ask bbsam, our resident ISP. HD is generally a bad deal compared to Ground due to lack of density, but he can fill you in.