Selling FedEx Routes: What Questions to Ask Yourself
As a FedEx route owner, one of your most prominent responsibilities is making major business decisions. This holds true even if you’re thinking of selling your FedEx route. The process, after all, requires detailed planning in order to be efficiently executed. It also involves a big career move, so it warrants careful consideration on your end.
If you’re unsure how to approach the process, ask yourself these questions before selling FedEx routes. Not only will this help you gain clarity on what to expect, but it will ensure that you feel confident in moving forward with the transition.
- Is My Business Ready to Sell?
First thing’s first: Is your paperwork ready to be viewed by a potential buyer? If not, take the time to prepare the proper documentation on your business. This will include financial statements and tax returns, in addition to a variety of supporting documentation. Supporting documentation will likely consist of payroll reports, maintenance logs, 1099’s, settlement statements and more. The more organized your documentation, the higher the likelihood a potential buyer will move forward with the purchase of your routes. Consider working with an experienced broker, like KR Capital, to get the appropriate paperwork ready.
- Will I Work with a FedEx Broker?
Determine if you would like to work with a specialized FedEx route broker. It’s possible to complete the transition on your own, but there are many complexities and steps involved. A qualified FedEx broker is highly knowledgeable about the process and will be able to guide you through each step.
- Is It the Right Time?
FedEx’s peak season occurs during the months of October, November, December and is an extremely busy time for FedEx. As a result, FedEx usually does not approve route transfers toward the end of the year.
The entirety of a FedEx route sale will typically take 3-4 months to complete. That said, the best time to sell your FedEx route is between January and August. This time frame allows time to find a buyer and complete the route transfer. If you’ve decided it’s time to sell during the months September, October, November, or December, you will likely need to wait until January to close the transaction.
Sell Your FedEx Route with KR Capital
There are many reasons why contractors sell their FedEx route. Regardless of your particular motivation, you can pave the way for a successful transition by asking yourself some of these questions.
When you’re ready to start the process, we invite you to work with KR Capital. Our team offers a wide range of contractor resources and services, as well as a free comprehensive route valuation for potential sellers like you.
Call KR Capital at (503) 663-0753 or complete our online form today.
