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Purchasing Fedex Routes
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<blockquote data-quote="QH_Industries" data-source="post: 1047991" data-attributes="member: 44214"><p>I represent a Chinese chemical manufacturer looking to invest in the United States. While I don't have any experience with Fedex/UPS, I do have experience running a business and have a BS in Business Administration/Economics. I realize that may not mean much regarding the day-to-day of a Fedex ISP, but I know how to run a business. </p><p></p><p>My coworker and I have been doing some research regarding different investment opportunities that can offer us large returns without assuming huge risks. In the course of this research, we came across several listings for Fedex routes boasting excellent returns. For example, one route in the SE (priced @ ~$600,000) claims a NP of $174,000. Considering our lack of experience in this industry, we would lean heavily on a competent GM, whom could hopefully hire quality drivers and take care of any problems that arise. Our office, however, would be located in a different state and we would not be available to 'drop in' on a regular basis. I suppose what I am asking is this; is it possible to run a successful ISP being in a different state? This isn't to say we would devote no time to it, I could absolutely work from my office and periodically take a flight to check in on things. I recognize the fact that in order for an ISP to work like this, I would likely need to provide an adequate salary for a prospective GM, thereby eroding my profit margins -- but I am realistic, even a 12% annual ROI would be an adequate return for us. </p><p></p><p>So, is it possible to run a profitable ISP while working in a different state? Based on my own assumptions, it is not, unless we control several routes all under the supervision of a single manager (e.g. we purchase 5-7 routes). Funding for this endeavor would likely be $8xx,xxx cash.</p><p></p><p>Please feel free to ask me any questions if you would like something clarified. I appreciate any input you can offer (especially from existing IC's).</p></blockquote><p></p>
[QUOTE="QH_Industries, post: 1047991, member: 44214"] I represent a Chinese chemical manufacturer looking to invest in the United States. While I don't have any experience with Fedex/UPS, I do have experience running a business and have a BS in Business Administration/Economics. I realize that may not mean much regarding the day-to-day of a Fedex ISP, but I know how to run a business. My coworker and I have been doing some research regarding different investment opportunities that can offer us large returns without assuming huge risks. In the course of this research, we came across several listings for Fedex routes boasting excellent returns. For example, one route in the SE (priced @ ~$600,000) claims a NP of $174,000. Considering our lack of experience in this industry, we would lean heavily on a competent GM, whom could hopefully hire quality drivers and take care of any problems that arise. Our office, however, would be located in a different state and we would not be available to 'drop in' on a regular basis. I suppose what I am asking is this; is it possible to run a successful ISP being in a different state? This isn't to say we would devote no time to it, I could absolutely work from my office and periodically take a flight to check in on things. I recognize the fact that in order for an ISP to work like this, I would likely need to provide an adequate salary for a prospective GM, thereby eroding my profit margins -- but I am realistic, even a 12% annual ROI would be an adequate return for us. So, is it possible to run a profitable ISP while working in a different state? Based on my own assumptions, it is not, unless we control several routes all under the supervision of a single manager (e.g. we purchase 5-7 routes). Funding for this endeavor would likely be $8xx,xxx cash. Please feel free to ask me any questions if you would like something clarified. I appreciate any input you can offer (especially from existing IC's). [/QUOTE]
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