If you are a FedEx route owner, you have a marvelous opportunity to build your business with the available support of a worldwide brand (with a reliable product and a trusted service). What about the expenses? Or, how much can you expect to make by this business? Owning a route is a good investment, so before you invest your money on any route, consider the numbers.
Revenue
When you own a FedEx route and work as a contractor, you have income in various forms. This variation level helps you because it ensures that if the market downfalls or skyrockets, you can remain on your feet. What you can expect is:
- Money earned from a flat annual rate.
- Payments for services (whether it is picking up or delivery).
- Bonuses based on performance (like customer service).
The yearly average profit for a FedEx route has been reported at between $30,000 – $40,000. While this might not seem like you are going to be a millionaire, the best part of owning a FedEx route owner is that you don’t have to own just one.
Renowned business tycoons own multiple FedEx routes. If you have different locations, different routes, with various employees, you can continually earn profit from this business in a different region. All of a sudden, $40,000 can start to look a lot like $400,000.
The Expenses
While you don’t have to worry about marketing, brand recognition, or business, there are still costs involved when owning a FedEx route. The main ones include:
- The amount needed to buy a FedEx route.
- Payroll.
- Trucks
The average cost for a FedEx route is approximately $100,000. And at the same time, you can expect to hire between 7 to 10 employees. It’s all about some little things like trucks, uniforms, decals, and software. While it might seem costly the first time, it is now your business, with a consistent process, marketing, and brand that is going nowhere on the global market.
Making Money with FedEx Routes
Do you want to know the best part of owning a FedEx route? It’s all yours. You can own it, run it, and reap the spoils of your success. That is why FedEx routes are an excellent option for both beginner and experienced investors because they all depend on your ability to hustle. So, do you believe in your work ethic? Well, then you’re on the right track of work.
How much can you make? It’s all up to you.