FedEx routes are a trap I almost fell into at the beginning of my search. Don't do it. They sell for low multiples, because FedEx's contracts allow them to take control of your route and sell it at any point, because of potentially minor quality issues. They are especially sensitive to new owners and can take your route and resell it basically whenever they want as long as 2 very minor things go wrong. A ton of people bought routes during covid and then tried to sell when the volumes dipped, but a lot of SBA lenders won't lend to them because of how easy it is for FedEx to cancel your entire revenue source.

Scott, just came back from a program with Route Consultants, a great source of information to reduce risks and most importantly, but a good business at a fair price instead of the other way around. Was able to talk to highly successful people in this space, line haul and P&D, some of them owning both types in large numbers of runs/routes. Bottomline ? P&D is more of a hands on, line haul is less, but regardless, the first 6 months will require your full time establishing good systems and culture mainly in safety. Then is a question whether you want to grow it or diversify... i found no reason to step back, which was my original mindset, and will rather focus on being good at it and growing it.