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Looking to buy FedEx routes Need Advice from owners
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<blockquote data-quote="BigJohn" data-source="post: 2988139" data-attributes="member: 67297"><p>Hi All,</p><p></p><p>First, The current contractor does not own any other PSA's. He has 5 PSA's, 4 ground + 1 Supplemental, 1 HD + 3 Supplementals. His payroll is running at 51% of Gross revenue, Payroll consists 1 manager $1050/wk, 9 drivers with avg Driver pay of $689 per week(based on data provided). However payroll is variable by week. He bought the business in the beginning of 2017.</p><p></p><p> It is my opinion he overpaid for the routes and he is realizing net income is just not there and he is looking to get out. Based on settlement sheets and expenses provided and my analysis his forecasted net profit is way off(by 47%).</p><p></p><p>Bacha29, I am not looking for any anyone to hold my hand. In any business you look toward the experts(you) and ask questions and draw conclusions based on all available data and inputs and whether or not the conclusions are reasonable. Just seems prudent and good business to do so. There are risks in every business. That is why I am so appreciative of all the experts opinions and inputs on the forum. </p><p></p><p>Thank you all for your input, hopefully you will be willing to respond to further questions.</p></blockquote><p></p>
[QUOTE="BigJohn, post: 2988139, member: 67297"] Hi All, First, The current contractor does not own any other PSA's. He has 5 PSA's, 4 ground + 1 Supplemental, 1 HD + 3 Supplementals. His payroll is running at 51% of Gross revenue, Payroll consists 1 manager $1050/wk, 9 drivers with avg Driver pay of $689 per week(based on data provided). However payroll is variable by week. He bought the business in the beginning of 2017. It is my opinion he overpaid for the routes and he is realizing net income is just not there and he is looking to get out. Based on settlement sheets and expenses provided and my analysis his forecasted net profit is way off(by 47%). Bacha29, I am not looking for any anyone to hold my hand. In any business you look toward the experts(you) and ask questions and draw conclusions based on all available data and inputs and whether or not the conclusions are reasonable. Just seems prudent and good business to do so. There are risks in every business. That is why I am so appreciative of all the experts opinions and inputs on the forum. Thank you all for your input, hopefully you will be willing to respond to further questions. [/QUOTE]
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Looking to buy FedEx routes Need Advice from owners
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