What Happens After You Sell Your FedEx Route Business?
Selling your FedEx route business is an exciting and rewarding experience. However, it’s worth noting that the process doesn’t end as soon as you close the sale. After you pass on your route to the new owner, both parties will need to take certain steps to ensure a seamless transition.
An experienced FedEx broker can manage the transfer from start to finish.
The first step of establishing a smooth transition is to work with a seasoned FedEx brokerage firm. Since an experienced broker specializes in the sale of FedEx routes, they can help you understand what a typical transfer looks like. Your broker can also coordinate the necessary communication between you and potential buyers while keeping your financial interests in mind.
Moreover, with a broker’s guidance, each party will know what to expect after the sale is officially closed.
What happens after you sell a FedEx route?
Generally, the previous owner (that’s you!) will continue to work on the route for about four weeks. During this time, you will train the new owner on the intricacies of your business. This allows the incoming owner to ask questions and address concerns as they arise. It not only sets them up for success but lets you pass on the route with peace of mind.
Yet, it’s important to remember that every business is different. If you have a larger route, you may need to stay on for longer than four weeks. In either case, a professional FedEx broker like KR Capital can coordinate the entire post-sale process. This includes negotiating your compensation during the transfer, along with determining when you will officially hand over the reigns to the new owner.
Sell Your FedEx Routes with KR Capital Today
There are many reasons to sell your FedEx route. Perhaps you are relocating to a new state or preparing for retirement. Or, maybe you’re ready to pursue other dreams and endeavors. Regardless of the reason, KR Capital is ready to provide professional guidance from beginning to end. We can help you understand what typically happens after you sell your FedEx route business, and ultimately, facilitate an effortless transaction.
When you’re ready to sell your FedEx route, contact KR Capital. Call us at (503) 664-0753 or fill our online form to submit an inquiry. We look forward to managing your FedEx sale in a professional and efficient manner.