Do I Need An Attorney to Buy or Sell FedEx Routes?
The decision to purchase FedEx routes or to sell the routes you already own is one that requires careful consideration. For this reason, it is wise to work with an experienced, reliable attorney who will represent your personal and financial interests and ensure the transaction goes as smoothly as possible.
Because many first-time route buyers have never worked with an attorney, this blog will cover a few basic tips for finding the right legal representative. A simple Google search will likely bring up countless ads for the “best” attorney, but their expertise may be in family law, personal injury, or some other field that doesn’t suit your needs.
How to find an attorney to help you buy or sell FedEx routes
When it comes to buying FedEx routes, ideally you will want legal guidance from someone who is familiar with the FedEx business ownership landscape. From the initial Letter of Intent to the final Purchase Agreement that will make the sale official, be sure to work with an attorney who understands the complex FedEx sales process and all of the steps involved.
If you can, ask for a referral from someone you trust. Oftentimes, friends or family members will have worked with someone in the past that they recommend, and this is a great way to be sure you get the right representation. While the personal referral is best, if that doesn’t pan out, you can consider a few other options.
Start by contacting your local chamber of commerce. This is an organization made up of local businesses and entrepreneurs working together to network and promote one another. They help to facilitate connections between local merchants as well as between businesses and consumers, and they will likely be able to offer several good options.
Search on your own using Avvo.com or your local Yellow Pages. Avvo.com allows you to search for attorneys by city and state as well as practice area (e.g., “Tax Attorneys”) and legal topic (e.g., “Business”). The Yellow Pages (now yellowpages.com) also lets you quickly and easily search for attorneys in your area. You can also search for recommendations using message boards such as Reddit and Quora.
Finally, you can ask for a referral from a broker that handles FedEx route sales. KR Capital is a leading FedEx brokerage firm with a robust inventory of resources and partnerships (including attorneys) to help with your FedEx route purchase. We’ve worked with hundreds of FedEx contractors nationwide to successfully buy and sell routes for a premium price, and our firm has grown by an average of 30% each year with successful route sales totaling more than $200 million.
The takeaway: It’s important to work with someone you trust.
Whether buying or selling FedEx routes, you want a legal representative who not only understands the “legalese” but also comprehends your needs and objectives as the client. The right attorney should be analytical but also able to communicate—both verbally and in writing—in a clear and concise style that makes you comfortable.
Hiring a lawyer who is a good listener is also imperative. Not only will this person be handling a significant business transaction for you, but every FedEx transaction has its own set of nuances, so you definitely want someone who takes the time to hear what you are saying and answer any questions you may have about the process.
Finally, in addition to an experienced attorney, you will also want a closing agent. This is someone who can hold the buyer deposits, coordinate vehicle payoffs at closing, and handle other tasks to make sure the transaction goes off without a hitch. Your attorney may be able to fulfill these duties as well, but then again they may not, so be sure to find out during your initial interview process.
Ready to take the next step? Contact KR Capital today.
Our experienced team can help you find the resources you need to sell your routes efficiently, confidentially, and for a premium price. Fill out our simple online form and one of our representatives will be in touch shortly.