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Risk vs Reward - FedEx Independent Contractor
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<blockquote data-quote="riskvsreward" data-source="post: 1459435" data-attributes="member: 56031"><p>Hi Everyone and Thanks for Your Help~! I'm a newbie to the FedEx Business. I'm a small business owner who just sold a business and I'm looking to buy 3 FedEx PSA's to provide my family with a decent income and a good future. I have thoroughly examined the Financials of a 3 PSA, 3 trucks, 3 drivers and a manager in place business. They are asking $330K and I will offer no more than $300K.</p><p> </p><p>My main concern is Risk verses Reward~!</p><p> </p><p>RISK: What are the chances of losing my contract? I'm a seasoned business owner who does things right but I have heard horror stories of Independent Contractors losing their routes! I'm not worried about me, I'm worried about FedEx. How easy is it to LOSE your route OR How hard is it to LOSE your route. What has to happen before I LOSE my investment.</p><p> </p><p>REWARD: The current owner is making about $60-70K per year after all expenses with a manager in place. Will I be able to maintain this profit level and grow the profits if I work hard and manage the business well. OR is The FedEx Business simply a Bad Investment to be in.</p></blockquote><p></p>
[QUOTE="riskvsreward, post: 1459435, member: 56031"] Hi Everyone and Thanks for Your Help~! I'm a newbie to the FedEx Business. I'm a small business owner who just sold a business and I'm looking to buy 3 FedEx PSA's to provide my family with a decent income and a good future. I have thoroughly examined the Financials of a 3 PSA, 3 trucks, 3 drivers and a manager in place business. They are asking $330K and I will offer no more than $300K. My main concern is Risk verses Reward~! RISK: What are the chances of losing my contract? I'm a seasoned business owner who does things right but I have heard horror stories of Independent Contractors losing their routes! I'm not worried about me, I'm worried about FedEx. How easy is it to LOSE your route OR How hard is it to LOSE your route. What has to happen before I LOSE my investment. REWARD: The current owner is making about $60-70K per year after all expenses with a manager in place. Will I be able to maintain this profit level and grow the profits if I work hard and manage the business well. OR is The FedEx Business simply a Bad Investment to be in. [/QUOTE]
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