Selling Your Route Business? Tips for Preparing Your Employees
If you’ve decided to sell your FedEx route, you’re likely excited for the next step. Maybe you’re planning to retire or pursue other life goals. Or perhaps you are simply relocating and want to buy a route elsewhere.
But before you move on, it’s important to prepare your employees. Your drivers, after all, have been crucial to the success of your business. They deserve to be involved in the upcoming FedEx sale transition, as it will affect them the most.
What’s more, it’s the best way to ensure that the route continues to thrive after your departure. Not sure where to start? Here’s how to prepare your employees when selling your route business:
Notify Your Team Immediately After Closing
Tell your drivers right after you sell your route. This will give them time to process the news prior to your departure.
Avoid notifying your team before the closing occurs, which might make some drivers nervous and potentially leave the business for fear of losing their job with the new owner. It’s also possible that the sale may fall through. Therefore, it’s best to keep the sale confidential until everything is set in stone.
Talk to All Your Employees at Once
Announce the change at a team meeting where everyone is present. By telling everyone at the same time, you can guarantee that each driver hears the news from you—instead through a game of telephone.
Introduce the New Route Owner
If possible, have the new route owner present when you make the announcement. Have the incoming owner introduce themselves and share their experience, goals, and vision. This will pave the way for a smooth transition, as it gives drivers time to interact with the new owner before you officially leave.
Upon hearing about the sale, your employees will likely have questions about the upcoming change. Take the time to answer these questions and allow drivers to express their concerns. You can schedule one-on-one meetings with employees to address any questions in private.
Provide a Timeline
Before the route transfer begins, give your employees a timeline of the process. Include specific dates of pertinent events, such as your last day on the job, which ensures they know what to expect in the coming weeks.
Contact KR Capital to Sell Your Route Today
When it comes to selling your FedEx route, preparing your employees is key for encouraging positive change. Your team, as well as the new owner, will appreciate the gesture during this period of adjustment.
We invite you to work with KR Capital to sell your FedEx routes. As a team of experienced FedEx brokers, we can coordinate the entire sale—from listing your route to the transfer process. This way, you can focus on preparing your drivers for the transition. Contact us at (503) 664-0753 or complete our online form today.