FedEx Overview: FedEx Ground has two divisions: Pickup/Delivery (Home Delivery & Business Delivery) and Linehaul (Tractor Trailer hub to hub delivery). For both divisions, FedEx contracts out deliveries to independent contractors across the entire nation. All sales are handled by FedEx, so contractors simply have to focus on making the deliveries within their territory. Contractors are paid via direct deposit each week. All revenue is verified through weekly FedEx settlement reports and end of year 1099s.
Competition: All territory and routes are protected through contracts with FedEx so there is no competition amongst contractors.
Facilities: All vehicles are parked in and outside of the FedEx hubs free of charge. No real estate is required. Contractors work from their home office.
Growth: Retail storefront is declining but e-commerce is booming and is on an upward trend. Contractors enjoy a 5 - 15% organic growth in revenue year after year. Aside from natural growth, contractors have the opportunity to expand by purchasing additional contracts from other contractors throughout the nation.
Support and Training: Sellers are willing to train to ensure a smooth transition for new owner.
Business Opportunity: 5 FedEx Ground Routes (Business Delivery) in Northern, MN
- Current sellers have been successfully running business for many years
- Strong workforce
- Engages in primarily business delivery
- Fleet valued at around $100,000
- Good growth year after year
- New contract in place
Seller Reference #MINNEMN003-N1712
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