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17 Replies Last post: Sep 22, 2009 12:26 AM by shirlee

Route Financing

Nov 15, 2008 10:58 AM

Click to view TAM123's profile Professional TAM123 7 posts since
Nov 14, 2008
How can a person raise the money needed to buy a income producing route like a FedEx Home delivery route that would bring in around $72,000.00 to $84,000.00 per year with a gross income around $52,000.00 to $61,000.00 after the Truck payment and fuel?
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Click to view Fortis's profile Mogul Fortis 239 posts since
Jul 24, 2008
1. Re: Route Financing Nov 15, 2008 3:19 PM
Hello TAM123,

Tell us do you have any expeirence with a FedEx route? Do you already have the truck?

Thanks

Collin
Fortis Capital
cobringer@gofortis.com
Click to view Vandam's profile Professional Vandam 2 posts since
Dec 28, 2008
2. Re: Route Financing Dec 28, 2008 1:01 PM
in response to: Fortis
I already own and operate a FedEx route and I see the value in growing the business with additional routes.
I have a goal of operating 4 routes in the South Florida area. I am looking at financing options to see if it makes sense.
Do you finance routes?
Click to view playaction's profile Authority playaction 11 posts since
Dec 17, 2008
3. Re: Route Financing Dec 29, 2008 10:04 AM
Hi TAM123

If you can't get a loan from a bank or whatever, you might think about putting a business plan together to purchase at least 2 routes, paying a supplimental driver to run the 2nd route. This way you could at least give an investor a decent return on investment.
I know that a good FedEx home delevery route is a great investment and will make a decent living for an owner, but I don't think that 1 route alone would be enough to find a private investor/partner. Are you planning on picking up extra routes during Peak next year? will you have the extra capital to rent the extra vans and pay your drivers at that time, not relying on the money that will come form the extra routes?

If I had money to invest, I would definately put it towards a FedEx home delivery contractor, but only if they were going to be able to show some growth and perhaps have at least 2 routes.
Anyway, just my thoughts. Good luck! And maybe think about puting together a business plan. FedEx contractors are basically business owners, with the potential to make good money!

Good Luck!
Darrick
Click to view LUCKIEST's profile SCORE LUCKIEST 7,935 posts since
Aug 6, 2007
4. Re: Route Financing Dec 29, 2008 9:48 AM
in response to: Vandam
Route Financing, Welcome

Great numbers, Tell me more. How long have you been in business??

Do you have an Accountant?? How about a Business and Marketing plan that I can read??

How Much Financing are you looking for?? and for How long??

LUCKIEST
Click to view TAM123's profile Professional TAM123 7 posts since
Nov 14, 2008
5. Re: Route Financing Dec 29, 2008 12:33 PM
in response to: Fortis
Dear Fortis Capital,
I have been with the FedEx *Ground program for about 10 years now. Here at Continental First Federal, Inc we provide lease financing and we have put more than 30,000 vehicles on the road in this time frame, therefore the contractors come to us for the acquisition of a Truck or Delivery Van and sometimes they come to us to lease **fiancé** a used truck or step van and they need help with buying the route *as well*, I have no problem putting a lease purchase contract on the *vehicle* but we don't have the resources to handle the route financing however we do have the accounting ability to collect that payment at the same time we **ACH** our payment, if that would be of a benefit to the a *+investor or share the request with you if you have the resources to +fiancé+ the route, but we want to keep the vehicle lease +in-house+ since that is how we grow our business. +*Should you want to call me for more information, I have a toll free # at 800-998-8997 ext 222 and my **name** is Tom **Meeks*.....Call me if you have interest!!!!

*
Click to view TAM123's profile Professional TAM123 7 posts since
Nov 14, 2008
6. Re: Route Financing Dec 29, 2008 12:47 PM
in response to: Vandam

No " not at this time for the route, we are trying to find a source to help you on that side of the purchase, but we do Lease/Finance the Truck or Van new or used so please call should you need help on that side at 1-800-998-8997 or go online at http://www.cffsales.com/ . and just pick your division and complete the application and hit the summit button and if we have your e-mail information you should get a response within 30 min. or less.

Click to view TAM123's profile Professional TAM123 7 posts since
Nov 14, 2008
7. Re: Route Financing Dec 29, 2008 12:58 PM
in response to: LUCKIEST

I have been with the FedEx *Ground program for about 10 years now. Here at Continental First Federal, Inc we provide lease financing and we have put more than 30,000 vehicles on the road in this time frame, therefore the contractors come to us for the acquisition of a Truck or Delivery Van and sometimes they come to us to lease fiancé a used truck or step van and they need help with buying the route as well, I have no problem putting a lease purchase contract on the vehicle but we don't have the resources to handle the route financing however we do have a in-house C.P.A. on staff and the accounting ability to collect that payment at the same time we ACH our payment for the vehicle, if that would be of a benefit to you as a investor or share the request with you if you have the resources to fiancé the route purchase for any credit worthy FedEx or to be contractor, but we want to keep the vehicle lease in-house, since that is how we grow our business. Should this opportunity hit a sweet spot, call me 1-800-998-8997.

Click to view funds29's profile Mogul funds29 36 posts since
Aug 21, 2008
8. Re: Route Financing Dec 29, 2008 7:04 PM
We have private funds for truck routes and unsecured lines of credit check out www.innovativereturns.com
Click to view TAM123's profile Professional TAM123 7 posts since
Nov 14, 2008
9. Re: Route Financing Dec 29, 2008 7:24 PM
in response to: funds29
Thanks, I will and may I call your company to get a better understanding as to how your company could assist one of our FedEx Contractors in buying a income producing route and if so who should I ask for when I make the call.
Click to view funds29's profile Mogul funds29 36 posts since
Aug 21, 2008
10. Re: Route Financing Dec 30, 2008 10:03 AM
in response to: TAM123
Tony Henderson 229-292-1144
Click to view healthcare08's profile Professional healthcare08 5 posts since
Dec 28, 2008
11. Re: Route Financing Dec 30, 2008 12:08 PM
in response to: funds29
Hello there funds29,

Do you ever help business in healthcare? Any ideas.

Thank you,
Healthcare08
Click to view Vandam's profile Professional Vandam 2 posts since
Dec 28, 2008
12. Re: Route Financing Jan 1, 2009 5:20 PM
in response to: LUCKIEST
I have been a contractor for 18 months and this past Christmas season was better than last year even though we are in a recession. We have picked up more business because of the online purchasing and DHL going out of business.
I can easily seek additional routes from my HUB when they become available but I need the investment of 50k-70K to buy it(including truck). They will probably average $85k gross and the main expense is salary ($35K).
As I get into multiple routes, I will incorporate.
Click to view funds29's profile Mogul funds29 36 posts since
Aug 21, 2008
13. Re: Route Financing Jan 1, 2009 5:49 PM
in response to: healthcare08
Yes we have great programs for Doctors or just money in general. These funds are also unsecured visit our site www.innovativereturns.com
Click to view funds29's profile Mogul funds29 36 posts since
Aug 21, 2008
14. Re: Route Financing Jan 1, 2009 5:53 PM
in response to: Vandam
Great I know right now you are leasing your trucks from fed ex. Have you ever thought about buying your truck we great programs for long and short haul trucks. We can secure you funds for your routes also. The funds are credit driven the buying of trucks are not. lets talk contact me at www.innovativereturns.com thanks.
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