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<blockquote data-quote="bbsam" data-source="post: 665200" data-attributes="member: 22662"><p>You obviously have talent worth paying for. Shop yourself around. First to your current contractor then to others. Listen/watch closely for contractors struggling with drivers or service related issues. Don't be afraid to bring up the idea of a possible sale to yourself. </p><p> </p><p>Consider this. Not every contractor is a good business person. Target him or her. They are probably looking for an exit strategy. You will know this person by their willingness to share with you all the settlement stubs (pay stubs) they have ever received pointing out the CCS bonus 2.25% quarterly bonus, added service blah, blah, blah. It will look very attractive, in short because it can be. Best bet is a multi route owner looking to sell one route because he doesn't then have to go find a job. Get information. Then get more. Profit/Loss, growth over time for a given route, vehicle maintenance file with invoices. You do all this for two reasons. First is to take to a bank for possible SBA or other loan. The second is because he/she is either desperate, or a capitalist and in both instances will begin salivating uncontrollably. Go apply for loans. Apply for 2 or 3 at different lending institutions. Soon the contractor will be asking you questions. "Heard back from the bank yet?" "Need any more information?" "Did you hear they might be putting in a Walmart over there where that route begins?" At this point the route is nearly ripe for the taking. The bank may or may not loan the money. Hard to tell these days. Even if they do, do not let the contractor know this. You are in the driver's seat now. Suggest that things aren't looking good at the bank, but you'd be able to pay $X per month for Y months at say 4% interest. Of course the agreement would be notarized, blah, blah, blah. This is called an owner financed sale. If you crunch the numbers honestly by the time all the I's are dotted and T's crossed, you've probably netted yourself at least a 20-25% pay increase with terms very favorable to yourself.</p><p> </p><p>Bottom line. You owe it to yourself and your family to make something happen either as a driver with this contractor, another contractor, or as a contractor yourself.</p></blockquote><p></p>
[QUOTE="bbsam, post: 665200, member: 22662"] You obviously have talent worth paying for. Shop yourself around. First to your current contractor then to others. Listen/watch closely for contractors struggling with drivers or service related issues. Don't be afraid to bring up the idea of a possible sale to yourself. Consider this. Not every contractor is a good business person. Target him or her. They are probably looking for an exit strategy. You will know this person by their willingness to share with you all the settlement stubs (pay stubs) they have ever received pointing out the CCS bonus 2.25% quarterly bonus, added service blah, blah, blah. It will look very attractive, in short because it can be. Best bet is a multi route owner looking to sell one route because he doesn't then have to go find a job. Get information. Then get more. Profit/Loss, growth over time for a given route, vehicle maintenance file with invoices. You do all this for two reasons. First is to take to a bank for possible SBA or other loan. The second is because he/she is either desperate, or a capitalist and in both instances will begin salivating uncontrollably. Go apply for loans. Apply for 2 or 3 at different lending institutions. Soon the contractor will be asking you questions. "Heard back from the bank yet?" "Need any more information?" "Did you hear they might be putting in a Walmart over there where that route begins?" At this point the route is nearly ripe for the taking. The bank may or may not loan the money. Hard to tell these days. Even if they do, do not let the contractor know this. You are in the driver's seat now. Suggest that things aren't looking good at the bank, but you'd be able to pay $X per month for Y months at say 4% interest. Of course the agreement would be notarized, blah, blah, blah. This is called an owner financed sale. If you crunch the numbers honestly by the time all the I's are dotted and T's crossed, you've probably netted yourself at least a 20-25% pay increase with terms very favorable to yourself. Bottom line. You owe it to yourself and your family to make something happen either as a driver with this contractor, another contractor, or as a contractor yourself. [/QUOTE]
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