How to Buy a FedEx Route
Most people use the Federal Express delivery service or see FedEx trucks everyday but don’t know much about how the company works. For example, they usually don’t realize that the drivers they pass on the road or show up at their door have to buy a FedEx route.
It is also a little-known fact that FedEx delivery drivers are actually independent contractors and small business owners. Like any entrepreneur they need to keep their business growing in order to stay successful and that often means they will have to buy a FedEx route. However, getting the fast business funding needed to do this can be tricky.
Ways You Can Buy a FedEx Route
When it is time to expand your business, one of the first things you should do is get information about the opportunities that are available. It is vital to research your area and find out how often FedEx routes come up for sale.
There are two types of FedEx routes. FedEx Home Delivery services residences and FedEx Ground makes deliveries to businesses and commercial establishments. If you already own one type of route, you may want to think about purchasing the other.
Also, it might be easier to purchase an already existing route rather than trying to establish a new one. This way, you will have a better idea about the requirements and how much money can be made.
Who Offers Funding to Buy a FedEx Route?
As an independent contractor for FedEx, you are responsible for everything from managing employees to truck maintenance. You might think that a bank is the only place to go for quick business funding, but this is incorrect.
Banks are reluctant to give instant business funding loans to any small business but independent contractors have it especially hard. Most don’t have the huge amount of collateral and stellar credit rating banks require for granting a loan.
Your best option is a business cash advance company, like Financing Solutions (www.fundmypayroll.com). They will provide financing that you can use to purchase a route, maintain or repair your FedEx trucks, higher additional staff, and other important business necessities.
Most importantly, their process is fast and easy. It takes only minutes to apply and you can have the short term business financing in your account in less than two days. They also offer a convenient repayment schedule that you can complete in a few weeks or months. Other lenders lock you into lengthy term agreements that could take you years to pay off.
At Financing Solutions, they understand the challenges and difficulties of route-based businesses. They have helped numerous FedEx contractors and they can help you, too.
What You Should Know Before You Buy a FedEx Route
One thing you must ask about is how many stops are on the route in a typical day. You will also need to know about the volume you can expect during holidays and other peak times.
Another important point you need to know about is the condition of the truck(s). If you have to find immediate business financing to fix a truck soon after your purchase, this could be quite a hardship. Make sure you have them professionally inspected before you buy the route.
You should also be aware that you can get financing to buy a FedEx route from Financing Solutions. They can provide the funding you need to grow your business.
Financing Solutions LLC is not endorsed by and is not recommended by Federal Express Corporation and Fedex Ground. Financing Solutions LLC is not sponsored by, is not approved by, is not associated with, and has no connection whatsoever with Federal Express Corporation or Fedex Ground.