Question: Is Buying A FedEx Route A Good Investment?

How many stops does a FedEx driver make a day?

Because of this, operational efficiency of deliveries is almost taken care of by itself.

An average FedEx driver can deliver anywhere between 75 and 125 packages per day.

This is extremely high if you were to compare it to the home delivery industry at large, where the average is closer to about 15 to 35 per day..

How much does it cost to buy a 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.

How much can you make owning 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.

Is buying a route a good investment?

If you have some money to invest and time to work, then a bread route can be a fantastic investment. You’ll have the opportunity to earn a steady income while building the value of your accounts. This combination of circumstances can lead to a significant profit margin in time that you can pocket.

Can I buy a FedEx 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 a FedEx contractor make per package?

Fedex Ground Independent Contractor SalaryAnnual SalaryWeekly PayTop Earners$96,000$1,84675th Percentile$67,000$1,288Average$56,451$1,08525th Percentile$34,500$663

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.

Are FedEx drivers employees or contractors?

Despite FedEx’s insistence that thousands of their FedEx Ground drivers are independent contractors, a federal appeals court has ruled that they are actually employees – and entitled to compensation for their misclassification.

How much do Bimbo drivers make?

The average Bimbo Bakeries USA salary ranges from approximately $45,000 per year for Transport Driver to $71,896 per year for Independent Contractor. Average Bimbo Bakeries USA hourly pay ranges from approximately $21.10 per hour for Truck Driver to $22.82 per hour for Transport Driver.

Why are so many FedEx routes for sale?

FedEx Ground contractors cite many reasons for selling FedEx Ground routes. Many of our sellers are ready to retire, spend more time with family, or focus their business efforts elsewhere. We also often post FedEx routes for sale that represent only a portion of one contractor’s business.

How much does FedEx pay per mile?

Dedicated cdl class A FedEx Truck Driver All team runs pays 60 cents per mile.

How much do you make owning a Pepperidge Farm route?

Average Pepperidge Farm Incorporated Route Sales Representative yearly pay in the United States is approximately $55,151, which is 19% above the national average.