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Question: Is now a good time to buy a FedEx Ground Route?
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<blockquote data-quote="MrFedEx" data-source="post: 579326" data-attributes="member: 12508"><p>I looked into getting a McDonald's franchise 5 years ago since they're almost always profitable. Let's just say that you need a very high net worth and a lot of cash. I had the net worth, but I didn't have the cash, so I got a polite letter saying to try again when I had more money.The numbers I quoted were for my part of the US...they may be different in other areas of the country. In short, they can afford to be very selective about their franchisees because they have an extremely desirable and successful opportunity for sale. </p><p> </p><p>A friend of mine managed a McDonald's after he retired from the Air Force. This was 4 years ago, but he made less than $50,000 per year. Please explain to me how he could ever afford to become a franchisee unless he inherited money or worked several jobs for a long time?</p><p> </p><p>The original point of this was the question whether or not a Ground driver could ever afford to become a contractor. Of course they could, if they worked 20 hrs a day or went into hock with loans (much more likely). Under the single-operator scenario FedEx really has you by the short hairs because they want you to buy the vehicle from them ($$$$) too. A few years back there were scores of ads from single vehicle operators looking to unload their routes and vehicles at a big loss. That's changed with the explosion of growth at Ground, but the ones making the money are FedEx Corporation and the multiple-vehicle operators like bbsam. The individual contractor still has some hefty costs and isn't making good money.</p><p> </p><p>By the way, what is a BST? Ask your friend who works for us what it stands for, OK?</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 579326, member: 12508"] I looked into getting a McDonald's franchise 5 years ago since they're almost always profitable. Let's just say that you need a very high net worth and a lot of cash. I had the net worth, but I didn't have the cash, so I got a polite letter saying to try again when I had more money.The numbers I quoted were for my part of the US...they may be different in other areas of the country. In short, they can afford to be very selective about their franchisees because they have an extremely desirable and successful opportunity for sale. A friend of mine managed a McDonald's after he retired from the Air Force. This was 4 years ago, but he made less than $50,000 per year. Please explain to me how he could ever afford to become a franchisee unless he inherited money or worked several jobs for a long time? The original point of this was the question whether or not a Ground driver could ever afford to become a contractor. Of course they could, if they worked 20 hrs a day or went into hock with loans (much more likely). Under the single-operator scenario FedEx really has you by the short hairs because they want you to buy the vehicle from them ($$$$) too. A few years back there were scores of ads from single vehicle operators looking to unload their routes and vehicles at a big loss. That's changed with the explosion of growth at Ground, but the ones making the money are FedEx Corporation and the multiple-vehicle operators like bbsam. The individual contractor still has some hefty costs and isn't making good money. By the way, what is a BST? Ask your friend who works for us what it stands for, OK? [/QUOTE]
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