Quick Answer: Can You Purchase A FedEx Route?

How do I become an independent contractor for FedEx?

The qualifications for work as an independent contractor for FedEx Ground include: At least one year of commercial driving experience within the last three years; Have no record of positive alcohol or drug test; Have a current commercial driver’s license; and..

How much does a FedEx driver make an hour?

The typical FedEx Delivery Driver salary is $19. Delivery Driver salaries at FedEx can range from $11 – $33.

Can you work at Amazon and FedEx?

Can you work for FedEx and an Amazon FC at the same time as long as it doesnt affect your schedule? Yes FedEx Express says you can’t work for its competitors, however ATM Amazon isn’t considered a competitor atm. … Have had a few coworkers work for Amazon and Express at the same time Managers knew about it as well.

How do I start a delivery route business?

How To Start Your Own Delivery BusinessGet a Truck or a Van. There is a large market for both new and used trucks and vans. … Get Equipment. Once you have your truck or a van you are half way to starting your local delivery business. … Name Your Business. … Marketing Your Delivery Business. … Build Your Reputation. … Insurance. … Join The GoShare Team. … Save Your Receipts.

Is a FedEx route a good investment?

Yes. That is too good to be true. While a very profitable business, FedEx route businesses do not generate profit margins of 30% or more. … For example, if you purchase a FedEx Ground route with approximately $800,000 in revenue per year, you can expect to pull in approximately $120,000 in profit (or 15%).

Why are so many FedEx routes for sale?

Overwhelming Rapid Growth Now, they’re managing million-dollar companies and buying more trucks and hiring more people to keep up with all the growth. That’s more than some owners want to take on. So, they decide to sell their routes to someone more eager to accept those business challenges.

How much can you make with a FedEx route?

A route owner can make an annual profit of $30,000 to $50,000 on a single route, he said. Each business has a unique contract with FedEx that outlines the terms of how they’ll be paid. FedEx usually pays route owners based on how many stops the truck makes and how many packages the driver picks up and delivers.

How do I get a FedEx delivery route?

To own a route with FedEx, you will have to sign a contract with FedEx and become an independent contractor. This means you are not an employee of FedEx and will not receive health insurance, a retirement plan, or other benefits from FedEx. Additionally, FedEx requires that your business is set up as a Corporation.

How much does it cost to buy a FedEx route?

The average FedEx route costs approximately $100,000. At the same time, you can expect to employee approximately between 7 – 10 people. From there, it’s all about the little things: trucks, uniforms, decals, and software.

Is buying a route a good investment?

Buying a bread route can be a good investment, but, like any job, there are pros and cons to owning a route business. The pros are that you get to be your own boss, set your own hours, make a steady income, and grow your business to increase your earnings.

How many FedEx routes can you own?

5 routesTypically, owning up to 5 routes is manageable for a single owner, and can result in a great return. There is some risk, and more routes means more trucks and drivers, and a lot more responsibility. However, with that comes profit. Accruing more FedEx routes can be the savviest investment you make!