Here's an interesting trend, people are selling FedEx and other driving routes. In some cases, it is because the driver dislikes the route, even with only a four hour work week and a net income of over one hundred fifteen thousand per year. Clearly, something seems amiss, and that is most likely the case. For, a number of people buying Ground routes for sale are getting scammed.
One new route owner purchased a route without any assistance from a broker. While the former owner provided all the necessary documentation to prove income, operating expenses and ownership, the buyer, a local finance manager was still scammed. For, the route had been sold a number of times prior to the finance manager taking ownership.
If planning on purchasing a route, especially one designed where the owner is absent, individuals need be aware doing so can be a treacherous path. In addition, just because an owner is absent does not necessarily mean the business is being run correctly. For, in some cases, buyers purchase routes without ever having to get inside a car, van or truck associated with the purchase.
While owning a business can prove fun and exciting, it can also be disappointing and frustrating. For, while sellers may quote that the individual can make a great deal of profit, this is not always the case. For, when buying routes, there is no guarantee as to how much money one can earn as an absent owner after doing so.
Sellers can also be misleading when it comes to how much time an owner will need to put into a business so that it runs correctly. While being successful is important, running the business correctly is a must in order to do so. As such, it is important to pay close attention to the word correctly when negotiating the purchase and sale of a driving route.
When it comes to an absentee owned FedEx route business, it should be noted that any business can be ran in this manner. For example, an individual could purchase an existing business, including management and staff, then sit at home and contemplate life. After which, the individual sells the business to someone for a slight profit, then that person does the same thing. After a few rounds, the business goes bankrupt, most likely at the hands a new owner.
In order to protect against scams, there are several things a buyer may want to ask. In most cases, this relates to documentation related to the seller and route. Whereas, obtaining recent earnings, operating costs, profits and sales history are all important questions buyers can ask when buying businesses, products, routes or services. For, only when reviewing this information, can potential buyers realize whether or not the business will be profitable or successful in the future.
When it comes to anxious sellers, most will do or say almost anything to make a quick sale. As such, by requesting the proper documentation and reviewing each document carefully, most new owners can prevent purchasing a business or route on the brink of decline. Whereas, if the seller appears uncomfortable or can not provide such information, it is most often a good time to walk away.
One new route owner purchased a route without any assistance from a broker. While the former owner provided all the necessary documentation to prove income, operating expenses and ownership, the buyer, a local finance manager was still scammed. For, the route had been sold a number of times prior to the finance manager taking ownership.
If planning on purchasing a route, especially one designed where the owner is absent, individuals need be aware doing so can be a treacherous path. In addition, just because an owner is absent does not necessarily mean the business is being run correctly. For, in some cases, buyers purchase routes without ever having to get inside a car, van or truck associated with the purchase.
While owning a business can prove fun and exciting, it can also be disappointing and frustrating. For, while sellers may quote that the individual can make a great deal of profit, this is not always the case. For, when buying routes, there is no guarantee as to how much money one can earn as an absent owner after doing so.
Sellers can also be misleading when it comes to how much time an owner will need to put into a business so that it runs correctly. While being successful is important, running the business correctly is a must in order to do so. As such, it is important to pay close attention to the word correctly when negotiating the purchase and sale of a driving route.
When it comes to an absentee owned FedEx route business, it should be noted that any business can be ran in this manner. For example, an individual could purchase an existing business, including management and staff, then sit at home and contemplate life. After which, the individual sells the business to someone for a slight profit, then that person does the same thing. After a few rounds, the business goes bankrupt, most likely at the hands a new owner.
In order to protect against scams, there are several things a buyer may want to ask. In most cases, this relates to documentation related to the seller and route. Whereas, obtaining recent earnings, operating costs, profits and sales history are all important questions buyers can ask when buying businesses, products, routes or services. For, only when reviewing this information, can potential buyers realize whether or not the business will be profitable or successful in the future.
When it comes to anxious sellers, most will do or say almost anything to make a quick sale. As such, by requesting the proper documentation and reviewing each document carefully, most new owners can prevent purchasing a business or route on the brink of decline. Whereas, if the seller appears uncomfortable or can not provide such information, it is most often a good time to walk away.
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