There are numerous FedEx route brokers that sell or attempt to sell FedEx routes and linehaul runs. Fees are upwards of 8-10% of the ultimate sale price for many. While some are experienced, many have little to no real knowledge of being a FedEx Ground contractor. Many over promise and under deliver. They will just field initial calls and immediately schedule buyer and seller calls that waste your time with tire kickers. Some even create "fake listings" of routes for sale to purport their popularity.
When choosing a broker to sell your PSA(s), CSA, or linehaul runs consider the above and ask lots of questions. Don't be scratching your head on why you are paying 8-10% at the close of your sale.
If you want results and the following, we suggest you choose us under a "Finder's Fee" type arrangement and not a Broker:
While many recognize the opportunity of FedEx Ground routes and are very interested in purchasing your routes, many prospective buyers may not have the financial resources.
There will be lots of interested parties, but just a few that are truly qualified. It is important to appeal to the qualified buyers. You as the Seller are responsible for deriving all the financial data and other information for the runs/routes to provide to the potential buyer. If you as the Seller attempt to "hide" your financial and operational data, the potential Buyer will probably find out and your deal will fall apart.
Some routes and runs sell quickly, others can take up to a year or never sell at all. Most don't actually sell as Buyer offers are lower than what a Seller may want. Patience is key. While some report Routes and Runs may sell anywhere from 3x to 4x Owner's Cash Flow (EBITDA plus add backs) the likely hood of this is not guaranteed and in fact many sell for much lower. Many Brokers over promise what your routes or runs may sell for.
We admit we aren't for all potential Sellers. If you expect any of the following from MyGround® Routes for Sale we aren't for you:
In addition, due to the broad geographic nature of our services and unique state requirements, we may not offer sales facilitation support in the following states: Alaska, Arizona, California, Colorado, Florida, Idaho, Michigan, Minnesota, Nebraska, Nevada, Oregon, South Dakota, Utah, Wisconsin, and Wyoming. Please check with us to determine.
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