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Looking to buy FedEx routes Need Advice from owners
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<blockquote data-quote="FedGT" data-source="post: 2879900" data-attributes="member: 58838"><p>There are big pros and cons with FedEx. You have to do almost nothing for almost a guaranteed 10-20% annual growth, which is the biggest positive there was for me. I only did it for 3 years but was fortunate to be in great areas that grew gross revenue 92% over that short amount of time. 5 drivers (including myself) turned to 13 including a manager and a swing driver. We typically averaged about 25% cash flow. In regards to getting your money back out, I don't really understand that. I was very fortunate but sold for 2x what I bought mine for and technically almost brought in 3x of what my actual investment was without the financing. </p><p></p><p>Unfortunately we got a new terminal manager that was a prick so even though the money was good for me I decided it wasn't worth it. If he would have never showed up I would still be doing it.</p></blockquote><p></p>
[QUOTE="FedGT, post: 2879900, member: 58838"] There are big pros and cons with FedEx. You have to do almost nothing for almost a guaranteed 10-20% annual growth, which is the biggest positive there was for me. I only did it for 3 years but was fortunate to be in great areas that grew gross revenue 92% over that short amount of time. 5 drivers (including myself) turned to 13 including a manager and a swing driver. We typically averaged about 25% cash flow. In regards to getting your money back out, I don't really understand that. I was very fortunate but sold for 2x what I bought mine for and technically almost brought in 3x of what my actual investment was without the financing. Unfortunately we got a new terminal manager that was a prick so even though the money was good for me I decided it wasn't worth it. If he would have never showed up I would still be doing it. [/QUOTE]
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