New York, NY (PressExposure) September 17, 2009 -- From: Jeffrey Sussman, Inc. Marketing Public Relations 249 East 48 Street FOR IMMEDIATE RELEASE New York, NY 10017
Contact: Jeffrey Sussman 212-421-4475 firstname.lastname@example.org [http://www.powerpublicity.com]
Wall Street has dispensed with more than 250,000 jobs, leaving many former employees bereft of a livelihood. The vast majority cannot find jobs in the financial services sector and are without the skills and backgrounds to move into other areas.
One former financial analyst and advisor with Ameriprise, a division of American Express, who had worked for a virtual whoâs who on The Street for a period of nearly 30 years, has found new life owning a distribution route. Frank Magneticoâs resume had looked like a compilation of todayâs banking headlines.
âItâs history now. In 2008, when I finally left The Street, I had had enough,â said Mr. Magnetico from his home in Plainview, Long Island. âI wanted to be my own boss and not be a dispensable pawn of wheelers and dealers.â
Mr. Magnetico read a newspaper ad placed by RouteBrokers.com that offered budding entrepreneurs opportunities to own already established route distribution businesses. He called and was pleasantly surprised to be speaking to an old friend, Gene Marcello, a business consultant with RouteBrokers.com, who suggested that Frank come in to the firmâs Great Neck offices to discuss his goals and financial needs.
âI learned of various established distribution routes and ultimately decided to purchase a FedEx route not far from my home,â said Mr. Magnetico.
Mr. Magnetico purchased a FedEx route with a protected territory, which was a turn-key operation, including a truck and training. He works five days a week.
âIâm my own boss; I earn good money; I donât have to commute into Manhattan anymore; and I can spend plenty of time with my wife and son and play golf on the weekends. Buying a route has proven to be an excellent investment, for Iâm building my own business; and in a number of years, I can sell it. In fact, from now on, Iâll decide when to leave. That decision wonât be made for me. Iâm controlling my own destiny, and I like that feeling.â
Another former Wall Streeter found a second career after buying a Mr. Softee route. Bill Sonner had been a partner and market maker for twenty-one years with an old-line Wall Street firm, Vander Moolen, which was bought by Lehman Brothers. And we all know what happened to Lehman Brothers: it no longer exists! Out of work and unable to find another position with a financial services company, Bill took a position as a senior manager with a large semiconductor company, but that company was taken over and Bill found himself unemployed yet again.
âI wanted to be my own boss and not rely on the whims of the marketplace and bosses, I was searching the Internet one day, and I came across RouteBrokers.com. I shot off an e-mail, received a reply, and made an appointment to meet with a business consultant named Lou Sommer. We discussed various options and after much discussion, I decided to buy a Mr. Softee route, and itâs been an absolute pleasure. I work from the middle of March to the end of October, from about 1 PM to 9:30 PM. On non-school days, my two teenage kids often accompany me, and they love it. I have my own territory in the Five Towns on Long Island. I get involved in charity events and street fairs. I never had such a good time earning good money. Itâs one of the best things that I have done, and it still leaves me plenty of time to be an independent financial advisor, so I now have the best of both worlds.â
A third former Wall Streeter, who had worked for one of the largest brokerage companies and who had carried numerous co-workers to safety from The World Trade Center on September 11, recently found himself unemployed along with thousands of others. For a number of personal reasons, he asked that his name not be included in this article. In his early forties, he was still ambitious and determined to find a new career. He read an ad in a local newspaper that seemed promising. It was for his own business, an established distribution route that promised to generate more revenue than he had been earning on Wall Street.
He phoned RouteBrokers.com in Great Neck, Long Island. There he spoke with one of their business consultants, Peter Scherer, and then the companyâs president Kenneth Sussman.
Mr. Sussman explained to him âthat many people do not realize that distribution routes have been bought and sold for over 35 years, and RouteBrokers has been making a market in such routes for more than 25 years.â
He and Mr. Scherer further explained what it means to own a distribution route and then invited him in for a more extensive conversation. After more than an hour of discussing the various opportunities and requirements of a wide array of available delivery routes, including Tropicana, Snapple and FedEx., Mr. Sussman and Mr. Scherer suggested that a good match might be a Boarâs Head provisions route.
âHe was an ideal candidate to own that route,â said Mr. Sussman, âfor he has the necessary drive, knowledge, and energy. For every Boars Head route that we have for sale, only two out of every forty applicants prove to be qualified buyers.â
He had to decide if he wanted to take advantage of the available owner financing; but because he had been carefully saving for the day when he would purchase his own business, he decided that owner financing was not necessary.
Upon completing his purchase of the Boars Head route, he owned exclusive rights to protected stores on his route as well as a 16-foot refrigerated box truck and a sophisticated computer system. He immediately started making more money than he had on Wall Street. He not only serviced the customers who were on the route when he purchased it, but he added many new customers, retailers as well as large institutions.
âBuying a route was the best investment I ever made. Unlike stocks, its value doesnât go up and down, it just goes up,â he said. âAnd Iâm building equity in this business, so that I will be able to sell it at a profit sometime in the future. RouteBrokers.com was instrumental in helping me achieve success. I no longer have to worry about being laid off, or seeing my company fall victim to the ups and downs of a changing economy. I have told many of my former colleagues who have been laid off on Wall Street, that there is indeed life after The Street. People from all walks of life can successfully profit from owning route distribution businesses. Buy an established distribution route, be your own boss, make money from day one, and enjoy life all over again.â
For further information, please visit http://www.RouteBrokers.com