That would be a very good deal. They typically go for 3-5x net. I wouldn’t expect to only work 20 hrs a week as owner, it takes a lot more than that.Considering a cash offer, would 1-1.5x "net" + vehicle equity be a decent purchase price for fedex routes?
Net numbers based on manager run op, with owner doing mostly admin work, and not acting as a daily driver/manager working 20hrs a week more or less.
That would be a very good deal. They typically go for 3-5x net. I wouldn’t expect to only work 20 hrs a week as owner, it takes a lot more than that.
Can you tell me what an owner does exactly that is not driving on a regular basis? If he has a solid manager in place that handles the day to day op...
I don’t drive much anymore but I’m busy most days. I’ll spend 3-4 hours at the terminal in the morning for dispatch. You have to fix everything FedEx screws up overnight, wrong load plan, wrong trucks in the lineup, lights left on, straight trucks not plugged in outside, etc. I’ll meet with Fedex management to go over what my people screwed up the day before. I’ll chat with other contractors, networking is key to success, they’ll help you when you really need it as long as you return the favor.Can you tell me what an owner does exactly that is not driving on a regular basis? If he has a solid manager in place that handles the day to day op...
That’s too much faith in a BC for me. Your whole investment would be in the hands of a manager with nowhere near as much to lose. I couldn’t do it and the ones I’ve seen try it aren’t around very long.I be lucky if I see the owners once a year...
but I'm in an investor group & the BC s are running the daily ops. Are they doing ok? I have no idea since I'm self sufficient
Look, you're not going to be satisfied until you sink everything you've got into a venture with risks that cannot be ignored or mitigated.Furthermore , every move,every decision, every operational change Fedex decides to make it's interests will always be placed ahead of yours. You simply don't matterConsidering a cash offer, would 1-1.5x "net" + vehicle equity be a decent purchase price for fedex routes?
Net numbers based on manager run op, with owner doing mostly admin work, and not acting as a daily driver/manager working 20hrs a week more or less.
@DriveInDriveOut wants to buy a route.six dollars
I'd rather stick my D* in a blender.@DriveInDriveOut wants to buy a route.
I heard you enjoy that.I'd rather stick my D* in a blender.
That can be arranged.I'd rather stick my D* in a blender.
A tactic of the islamonazi terrorist friends of yours I'm sure.That can be arranged.
Sweet, that can pay for 2 jars of the good stuff!six dollars
And that would be different from what you do daily?I'd rather stick my D* in a blender.