Contractor News
Can routes be run absentee?
One thing you have probably noticed while looking for a route is how many ads claiming the business can be absentee ran. But can it? The parent company hates hearing that you aren’t going to be around. In fact, they have turned away would be buyers who said they were planning on running the business…
Read MoreWhen should I get pre-qualified to buy a business?
Similar to buying a house, one of the first steps buyer candidates should take when buying a business is to get pre-qualified for financing. Fortunately, our SBA lenders can assist you with various financing options. Here are three reasons you should get pre-qualified early: Determine fundability. Using a pre-qual tool, candidates can find out not…
Read MoreChristmas and Holiday gift returns are great for the shipping giants.
Don’t like your holiday present? That’s a gift for FedEx and UPS. The companies stand to gain as fickle shoppers — and hard-to-please loved ones — send items back to retailers and other vendors in droves. Consumers will return about $90 billion worth of goods this holiday season, estimates Optoro, a firm that specializes in…
Read MoreCyber Monday breaks records.
Cyber Monday sales were on pace to hit $6.59 billion by the end of the day, Adobe Insights revealed Monday evening. That projection, made by the firm at 10 p.m. ET, would represent an increase of 16.8 percent when compared with the same time last year, Adobe found. The firm measures 80 percent of online…
Read MoreOnline spending up 18% from last year.
Even as some shoppers kept to tradition and headed off to the malls in person this Black Friday, spending remained brisk online. Shoppers have spent $640 million online Friday as of 10 a.m. ET, up 18.4 percent from last year, according to Adobe Analytics. Adobe tracks 80 percent of online transactions at the top 100…
Read MoreTesla's push into the semi truck market.
Tesla has unveiled its all-electric semi truck, aptly dubbed the ‘Tesla Semi,’ as promised, and the resulting Class 8 transport vehicle is indeed a sight to behold. It boasts a considerable charge capacity, and has a very aesthetically distinct look, as you can see, which will obviously help it stand out from other commercial freight…
Read MoreDue diligence process.
How to do a Due Diligence for FedEx routes Many Buyers often ask me how to do a due diligence. The due diligence is typically a 30 day or less window where the Buyer takes reasonable steps in order to satisfy a legal requirement, especially in buying or selling of a business. It’s…
Read MoreDelivery Wars: Is Amazon a Threat to FedEx, UPS?
How much impact could Amazon.com’s (AMZN) new delivery service have on United Parcel Services (UPS) and FedEx (FDX)? That is the question swirling about after new broke yesterday that the e-commerce giant is testing a delivery service called Seller Flex that picks up packages from third-party sellers on Amazon’s web site and delivers them to…
Read MoreThe number one concern on Buyers mind.
The number 1 concern on Buyers mind is the ISP transition and how to navigate the transition. For those of us in the know, the latest news that you have to have 100% overlapping is not news at all. They have been warning everyone for quiet sometime about this requirement. In the long run, this…
Read More4 Mistakes to avoid when preparing to Sell.
Deciding to sell your company is a big decision and you want to do everything you can to get the best deal possible. You don’t want to make any hasty decisions. The most successful sellers are very organized and meticulous in their pre-sale preparation. As you prepare to sell your business, put your best foot…
Read More