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Question: Is now a good time to buy a FedEx Ground Route?
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<blockquote data-quote="drwheat" data-source="post: 824716" data-attributes="member: 34451"><p>With the information I have so far the package is priced at approx 2x net income (after all expenses including driver). In your experience what have routes been selling for as a multiple of net income ? The current owner is willing to stay on as a salaried manager/flex driver for at least a year. </p><p> </p><p>Question for you on how can I figure out "potential growth" on a route ? My 1st guess would be figuring out the numbers & types of businesses on the route but would appreciate your feedback on that. My concern with this type of business is not having control in the growth opportunities (just managing the bottom line by watching expenses)</p><p> </p><p>If I was to move ahead I would need to get involved with the ISP negotiations ASAP. Once that is over my initial instinct is to spend 6 months as a helper on the routes to start at the bottom, get to know the drivers & routes as well as try & get experience to be able to drive any/all of the routes in a pinch in the future if needed. I do know that having a backup truck & driver avail at all times is important with 9 routes.</p><p> </p><p>Thanks</p></blockquote><p></p>
[QUOTE="drwheat, post: 824716, member: 34451"] With the information I have so far the package is priced at approx 2x net income (after all expenses including driver). In your experience what have routes been selling for as a multiple of net income ? The current owner is willing to stay on as a salaried manager/flex driver for at least a year. Question for you on how can I figure out "potential growth" on a route ? My 1st guess would be figuring out the numbers & types of businesses on the route but would appreciate your feedback on that. My concern with this type of business is not having control in the growth opportunities (just managing the bottom line by watching expenses) If I was to move ahead I would need to get involved with the ISP negotiations ASAP. Once that is over my initial instinct is to spend 6 months as a helper on the routes to start at the bottom, get to know the drivers & routes as well as try & get experience to be able to drive any/all of the routes in a pinch in the future if needed. I do know that having a backup truck & driver avail at all times is important with 9 routes. Thanks [/QUOTE]
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Question: Is now a good time to buy a FedEx Ground Route?
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