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