Hello,
Let me start by saying that I have been researching the purchase of a Fed Ex Ground route for the past 6 months. I have looked in depth at a few Home and Ground routes and after speaking to a few current and past route owners and reviewing settlement sheets, I have decided on a rather large Ground route. I am planning to drive the route myself in order for the income to be enough to live on and to learn the ins and outs of the route with the ultimate goal of purchasing additional routes. I have the necessary driving experience. I have never word for Fed Ex or a competitor though, so this job would be new to me.
I live in the suburbs. The route I am looking at is 5 mins from the terminal, averages only 50-65 miles per day, grosses $145k and nets $119k. The current contractor has owned and driven the route for the past 22 years and is looking to retire. The truck is on the older side and the maintenance averages out to $225/week, so I would likely look to sell and get a newer truck since the reduction in maintenance alone would justify it. I have looked at settlement sheets for the past 2 years as well as 1099's and corporate returns and all the numbers check out.
The next step would be for me to get approved as a Helper and then ride the route with the owner for a week to get an idea of exactly what is involved and whether I can see myself doing this for a living. I would appreciate any insight from past or present route owners who have driven either Ground or Home routes.
Thanks very much.
Let me start by saying that I have been researching the purchase of a Fed Ex Ground route for the past 6 months. I have looked in depth at a few Home and Ground routes and after speaking to a few current and past route owners and reviewing settlement sheets, I have decided on a rather large Ground route. I am planning to drive the route myself in order for the income to be enough to live on and to learn the ins and outs of the route with the ultimate goal of purchasing additional routes. I have the necessary driving experience. I have never word for Fed Ex or a competitor though, so this job would be new to me.
I live in the suburbs. The route I am looking at is 5 mins from the terminal, averages only 50-65 miles per day, grosses $145k and nets $119k. The current contractor has owned and driven the route for the past 22 years and is looking to retire. The truck is on the older side and the maintenance averages out to $225/week, so I would likely look to sell and get a newer truck since the reduction in maintenance alone would justify it. I have looked at settlement sheets for the past 2 years as well as 1099's and corporate returns and all the numbers check out.
The next step would be for me to get approved as a Helper and then ride the route with the owner for a week to get an idea of exactly what is involved and whether I can see myself doing this for a living. I would appreciate any insight from past or present route owners who have driven either Ground or Home routes.
Thanks very much.