When it comes to selling your FedEx Ground Route, there can be a number of reasons you might want to do so. You might be ready to retire, you may want to move on to another business, or there could be other personal factors coming into play. However, there is a best time to sell your FedEx Ground route and other times when it is not as easy or good to sell.
Here are some tips and tricks that will help.
The Best Time to Sell Your FedEx Ground Route is When You’re Ready
First of all, with all the advice that follows, the best time to sell your FedEx Ground route is when you are ready. Whatever the circumstances that have brought you to the decision to sell your FedEx Ground route are unique, and no one else can dictate for you when that time is.
However, there are some times when it will be easier to sell your route and get the price you want or need to receive. It is also important to note that even if you have decided to sell today, it takes time to sell your route. Your buyer will need financing and to do due diligence, so there will be a delay, and you will still need to run your route during that time.
Of course, should you need to sell quickly, there are options, but sometimes that means you won’t make as much profit as you would otherwise, and your potential buyer pool could be limited.
However, when you are ready, you should contact a broker. That will make the process as smooth and simple for you as possible. Here are some other things to think about.
The Best Season to Sell
When is the best season to sell your route? Well, it partly depends on where you live, but there are some times of the year when selling a route is exceptionally difficult. The most obvious of these is peak season or the time between the end of October and the first part of January. During that time, deliveries are so intense there is little to no time to train a new owner and onboard them, and most would find themselves quickly overwhelmed.
But there are other things to consider too. If you are in the Southwest United States, selling during the hottest months of the summer is not a good time. Winter is not the best time if you live further north, and in the Southeast, hurricane season and other events may also dictate the best time to sell.
You have to ask yourself if you want to be training during that time and if you would be at your best to learn something new at that time. If the answer is no, your buyer may feel the same.
Almost without exception the first of the year and the spring are the best time to sell your FedEx Ground route. People are ready for something new, and often have business-related resolutions, and it is a great time to train. Generally, things are not too busy, and you’ll have time to dedicate to the selling process.
However, you may want to consult with a local route broker, who may know other seasonal trends you want to pay attention to.
Consider the Economy
The economy is another thing to consider. Inflation, gas prices, and demand for deliveries all can impact the value of your route. Also, your buyer may have a harder time with financing if interest rates are high and it may cost them more.
Pay attention to the broader economy when deciding whether or not to sell right now. It may be worth waiting a little while unless you have a buyer who is eager to purchase and has their own financing in place. Also, remember that you can still put your route on the market. You may encounter a buyer with their own timing agenda, and it may work out for both of you.
Need help? Always contact a route broker who can provide you with the latest information you need on the economy and the timing of selling.
Working with a Broker
Why do we keep mentioning working with a route broker? There is a lot that goes into selling a FedEx route, including finding the right buyer at the right time, making sure they are qualified, have financing, and can meet FedEx standards. Unlike selling some other businesses, FedEx has its own requirements for route owners, including background checks and driving records.
A broker can help you navigate all of those things before you spend time with buyers who won’t end up making the purchase. At Route Advisors, we have all the experience you need. Contact us today! We’d love to be your broker, and guide you every step of the way.