FedEx Ground Line Haul Routes For Sale Milwaukee, Wisconsin
FedEx Ground Line Haul Routes for sale $389,000! Currently grossing $399,407 per year and nets $127,616 as an owner/manager of the business (owner does not drive). Includes 4 full time dedicated routes, 5 vehicles and, 4 employees with driving requirements willing to transfer if given the opportunity. Protected territories are purchased through independent distributor and contracted through FedEx. Territory for this route includes the Southeast Wisconsin and Illinois region. Please be advised that owner will not entertain seller financing, SBA loans, or third party lending.
What is the current yearly gross for this route? Currently the route grosses $399,407 per year. Income documentation will be provided to all serious buyers.
How do I get paid? As an independent contractor you are paid by mileage.
Can I finance the route? There is no seller financing for this route, and unfortunately banks will NOT write business loans against route based businesses for several reasons. However if you need money, you can review additional Financing Options Here.
What are my expenses and overhead? Expenses include, but are not limited to: fuel, repairs, payroll, scanners, workers compensation, insurance for your vehicles, and liability insurance for your business. The current owner estimates $271,791 per year in expenses/overhead to operate the business.
What type of vehicle do I need? The purchase includes 5 vehicles that are paid in full and included with the purchase. Vehicles include: 2007, 2006, and 2002 Freightliners and 2007 and 2006 Volvos. Estimated total value is $120,000.
Does the company provide a fuel incentive? Yes, FedEx provides a fuel supplement based on current prices.
What is the Gross vs the Net income? The gross income for the routes is $399,407 per year, minus $271,791 estimated yearly expenses as mentioned above gives you the net of $127,616.
How does the selling price of the route get determined? FedEx routes determine the selling price of their route by using a 3 multiple of their yearly cash flow/net income, with no manager in place. Recent comparable sales with managers in place use a 3-4 multiple. This business is underpriced!
What are the company requirements? FedEx requires a third party background check, you must have no felonies and a decent driving record. Additionally 1 year of driving experience of a similar delivery vehicle you intend to drive within the last 3 years, or 5 years within the last 10 years (drivers must have a Class A license). Owners do not need to meet this requirement if they don't intend to drive.
Do I have to sign a contract? Yes, as an independent distributor you sign a service agreement to represent FedEx. The contract is to protect both the company and its distributors.
Is this a viable business model for growth? Yes! Route values can be increased by new account openings, and additional growth in the area. FedEx uses sales reps to expand and develop the routes. In fact CNBC recently did a documentary called "Inside The Package Wars" showing the growth over the years of FedEx and its competitor UPS. View the video to the right!
Why is the distributor selling? Owner is pursuing another business opportunity.
Where is the terminal location? The location of the terminal will be disclosed upon execution of an NDA.
How long has the business been established? The current owner has owned the route for 2 years.
How many days a week, and what hours do distributors work? Distributors work 5 days a week Monday through Friday with weekends off. Average hours of operation are 3:00pm-6:00am.
What about vacation time or personal days? As an independent operator/business owner you are responsible for the route being serviced. There are currently independent drivers who have FedEx experience that can cover for driver time needed off.
What else should I know? FedEx Ground Line Haul has enjoyed a successful working relationship with independent contractors for nearly 25 years. This business is turnkey owner does not drive! Includes 4 full time dedicated routes, 5 vehicles and 4 employees with driving requirements willing to transfer if given the opportunity. Priced to sell at $389,000! Contact Us About This Route Here!
How can I learn more about these type of routes? In order to provide New Buyers with as much information as possible we have put together a quick overview of the industry. Learn More About FedEx Routes Here!
Disclaimer: Routes For Sale is a Broker that brings buyers and sellers together. Routes For Sale does not represent, or is not affiliated with the company the distributorship is being offered. All agreements are made between the buyer and seller and not Routes For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the most recent years sales revenue generated by the efforts of the current owner. As with any business you can make more or less.