MrFedEx
Engorged Member
MrFedex wrote: If these routes are so profitable, why would the seller get rid of them?
Answer: You need to read and better comprehend the anology made with the commercial real estate example.
Mr. Fedex wrote: Second, have you also done your research on the legal issues surrounding FedEx Ground? Funny, you don't even mention it and I'll bet FedEx(or the seller) didn't either.
Answer: Absolutely and have openly discussed this issue with both the multi route seller and others. Perhaps I know a little more than others about this situation. There are reasons why I want to get to three routes and anyone who truly understands this situation will understand why.
Mr. Fedex Wrote: Expenses are very straightforward?"
Answer: Yes they are and as with any business, there can always be incidentals.
Mr. Fedex Wrote: What happens when your vehicle needs a new diesel engine
Answer: Thats an incidental. What happens if you owned a pizzeria and your pizza oven stopped working? What happens if you owned an printing business and your printing machine burns out and needs replacement? What happens if you are a stock broker and instead of selling 10,000 shares of stock for your client you buy 10,000 shares and by the time you realize it and make and correct your error you are out $25,000? Want more?
There are risks to every business and every business owner understands both the risks involved and the rewards and makes the appropriate decision.
Mr. Fedex wrote: and then one of your fresh off the boat drivers T-bones a car ($$$$) or whacks the roof at a 10 ft dock with his 10 ft 6inch tall truck? Want more?
Answer: The two additional routes I plan on purchasing will come with drivers that have 4 - 5 years experience on the route(s). Every driver's record is on file at the terminal and those files are available to be viewed by any potential buyer.
Thanks for the well wishes and concerns !!
Finally, as a multi business owner who in the past has built a business from $100,000 per year to over $7,000,000 per year in revenues in 8 years, I understand how to conduct due diligence on various business models.
Good answers. I think you'll find the package delivery industry a bit "different" though. I've seen some very successful multiple IC's in my area, but caveat emptor, OK?