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The Competition
FedEx Discussions
Independent contractor routes that net over 1,000,000 a year
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<blockquote data-quote="dmac1" data-source="post: 1862256" data-attributes="member: 60252"><p>You seem not to even realize that fedex can cancel your contract any time, and non-renew it any year. So in reality, the only real asset is the vehicle. No one in their right mind should sign an agreement that they can lose even if they do everything right. At a minimum, that fact is a huge devaluator of the potential income generated. You better take a look at California, where fedex is already buying out routes for a measley $30k each. When they get to you, you better have about 30 routes under contract to get your $1 million. And at that point, you better not owe anything on your vans. You won't be able to off load 30 of them when thousands of others are on the market at the same time. PS_ supplementals are worth nothing extra when fedex buys you out, but you are still stuck with a highly used vehicle.</p></blockquote><p></p>
[QUOTE="dmac1, post: 1862256, member: 60252"] You seem not to even realize that fedex can cancel your contract any time, and non-renew it any year. So in reality, the only real asset is the vehicle. No one in their right mind should sign an agreement that they can lose even if they do everything right. At a minimum, that fact is a huge devaluator of the potential income generated. You better take a look at California, where fedex is already buying out routes for a measley $30k each. When they get to you, you better have about 30 routes under contract to get your $1 million. And at that point, you better not owe anything on your vans. You won't be able to off load 30 of them when thousands of others are on the market at the same time. PS_ supplementals are worth nothing extra when fedex buys you out, but you are still stuck with a highly used vehicle. [/QUOTE]
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