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<blockquote data-quote="Mom" data-source="post: 957612" data-attributes="member: 39096"><p>You will be driving anyway. Also, all the business degrees in the world won't really matter if you are contracted to X. They tell you to the letter what you can and can't do, your entities corporate structure etc. I have a tech school degree in Graphic Design, fwiw.</p><p></p><p>Bbsam is right...don't do it. If your state isn't ISP right now, you will be eventually, and one route is not Scale. Scale must be achieved by a minimum of three work areas. One work area with 4 supplementals is still considered ONE work area, so at some point in the future you WILL be expanding, or losing your investment.</p><p></p><p>HD routes don't make Jack. I ran two. The volume isn't there. If you are going to own ONLY one route, you HAVE to drive it or you will be losing. Believe me. How is this guy providing you with 'numbers'? Every contractor can cook this easily. Easpecially if he owns other routes, ESPECIALLY if they are Ground...WAY easy to make any single one look fantastic. I know for a fact that a single HD route with a FT driver on it will profit you nothing. Plus, HD comes with the added bonus of being all residentials...which means complaints, theft, misdeliveries, and TONS of send-agains on a daily basis.</p><p></p><p>I can take a look at the financials this guy is giving you and pick them apart and give you a real idea of what it would make. What kind of truck is on it? How old is it? What is the daily service % on the route? Hiw bad does the driver suck at his job? Is he being terminated or at the very least is thus specific operating agreement in jeopardy by FedEx for some reason? </p><p></p><p>When I'd buy a distressed route, the aforementioned were all reasons they were up for grabs. I would never pay more than the value of whatever truck was on it, and NEVER more than 25-30% of what it had earned gross the previous year. I was 'given' two routes by waiting for the current operator to bail...one was abandoned and the other was terminated, by having spare trucks and drivers at the ready.</p><p></p><p>You aren't married now, and you don't have kids now, but you will some day. Don't put them through this. Please feel free to PM if you have anything real specific to ask.</p></blockquote><p></p>
[QUOTE="Mom, post: 957612, member: 39096"] You will be driving anyway. Also, all the business degrees in the world won't really matter if you are contracted to X. They tell you to the letter what you can and can't do, your entities corporate structure etc. I have a tech school degree in Graphic Design, fwiw. Bbsam is right...don't do it. If your state isn't ISP right now, you will be eventually, and one route is not Scale. Scale must be achieved by a minimum of three work areas. One work area with 4 supplementals is still considered ONE work area, so at some point in the future you WILL be expanding, or losing your investment. HD routes don't make Jack. I ran two. The volume isn't there. If you are going to own ONLY one route, you HAVE to drive it or you will be losing. Believe me. How is this guy providing you with 'numbers'? Every contractor can cook this easily. Easpecially if he owns other routes, ESPECIALLY if they are Ground...WAY easy to make any single one look fantastic. I know for a fact that a single HD route with a FT driver on it will profit you nothing. Plus, HD comes with the added bonus of being all residentials...which means complaints, theft, misdeliveries, and TONS of send-agains on a daily basis. I can take a look at the financials this guy is giving you and pick them apart and give you a real idea of what it would make. What kind of truck is on it? How old is it? What is the daily service % on the route? Hiw bad does the driver suck at his job? Is he being terminated or at the very least is thus specific operating agreement in jeopardy by FedEx for some reason? When I'd buy a distressed route, the aforementioned were all reasons they were up for grabs. I would never pay more than the value of whatever truck was on it, and NEVER more than 25-30% of what it had earned gross the previous year. I was 'given' two routes by waiting for the current operator to bail...one was abandoned and the other was terminated, by having spare trucks and drivers at the ready. You aren't married now, and you don't have kids now, but you will some day. Don't put them through this. Please feel free to PM if you have anything real specific to ask. [/QUOTE]
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