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Invest or help expand a trucking business in Alberta

Discussion in 'Canadian Truckers Forum' started by calgaryAB, Oct 19, 2022.

Page 1 of 2
  1. Oct 19, 2022 #1
    calgaryAB

    calgaryAB Bobtail Member

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    Oct 19, 2022
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    I am interested in investing in or help expand a small trucking business in Alberta and grow organically. Looking for a genuine partnership with the intention to grow the company and possibly sell it off in 3-5 years or scale it further if all parties agree. Where would be a good place to start to find what trucking businesses need to scale but need some capital? Need to see a good track record of a business operating for at least 2-3 years. It can be 1 truck or a couple and I am not particular about what type of trucking it is as long as it is profitable or have very good potential to be. Please reach out to me - currently living in Houston but moving to Alberta in a few months.
     
    calgaryAB, Oct 19, 2022
    calgaryAB, Oct 19, 2022
    #1
    Another Canadian driver and MartinFromBC Thank this.
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  3. Oct 19, 2022 #2
    MartinFromBC

    MartinFromBC Road Train Member

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    Following.
     
    MartinFromBC, Oct 19, 2022
    MartinFromBC, Oct 19, 2022
    #2
    Another Canadian driver and JoeyJunk Thank this.
  4. Oct 20, 2022 #3
    God prefers Diesels

    God prefers Diesels Road Train Member

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    Have you ever been in the wireline industry?
     
    God prefers Diesels, Oct 20, 2022
    God prefers Diesels, Oct 20, 2022
    #3
    Another Canadian driver and MartinFromBC Thank this.
  5. Oct 20, 2022 #4
    mudflap77

    mudflap77 Heavy Load Member

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    Oct 11, 2010
    South western Ontario
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    :happy1:
     
    mudflap77, Oct 20, 2022
    mudflap77, Oct 20, 2022
    #4
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  7. Oct 20, 2022 #5
    Prairie Trucker

    Prairie Trucker Light Load Member

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    Jan 27, 2021
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    ju
    just saying if you expect it to be profitable without driving and only 1-5 trucks and two partners ... good luck
    You will need atleast 15 trucks - and the market right now is headed towards a recession
     
    Prairie Trucker, Oct 20, 2022
    Prairie Trucker, Oct 20, 2022
    #5
    JoeyJunk, BigHossVolvo, Another Canadian driver and 1 other person Thank this.
  8. Oct 20, 2022 #6
    MartinFromBC

    MartinFromBC Road Train Member

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    In my humble opinion the successful business has 25 to 45 trucks, doing a wide variety of work, so if something happens to a market, others are still busy. The company is large enough to have good purchasing power, and take on multiple truck contracts, but not so big that the owners lose sight of what is really going on, and the crappy employees can hide.
     
    MartinFromBC, Oct 20, 2022
    MartinFromBC, Oct 20, 2022
    #6
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  9. Oct 20, 2022 #7
    Crude Truckin'

    Crude Truckin' Alien Spacecraft

    2,199
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    Oct 22, 2016
    North Dakota, Eh?
    0
    Crude Truckin', Oct 20, 2022
    Crude Truckin', Oct 20, 2022
    #7
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  10. Oct 20, 2022 #8
    bonder45

    bonder45 Road Train Member

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    Oct 2, 2011
    Williston, ND
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    You have a better chance of having a profitable business in the US…. I left Alberta 3 years ago because the ability to make money quickly ( 2-6 years ) was toooough.

    I’ve have nearly 40x revenue since coming down to the US from AB.
     
    bonder45, Oct 20, 2022
    bonder45, Oct 20, 2022
    #8
    JoeyJunk, Crude Truckin' and Another Canadian driver Thank this.
  11. Oct 20, 2022 #9
    AModelCat

    AModelCat Road Train Member

    27,713
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    Jul 7, 2015
    Canuckistan
    0
    I'd buy Dogecoin before I invested in a small trucking company in Alberta.
     
    AModelCat, Oct 20, 2022
    AModelCat, Oct 20, 2022
    #9
    JoeyJunk, Crude Truckin', MartinFromBC and 2 others Thank this.
  12. Oct 20, 2022 #10
    MartinFromBC

    MartinFromBC Road Train Member

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    Oct 19, 2018
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    This ^^^

    Alberta is much too up and down.
    When its booming fine, but then years of little work.
    The only business I would own in Alberta is a bankruptcy agency.
     
    MartinFromBC, Oct 20, 2022
    MartinFromBC, Oct 20, 2022
    #10
    JoeyJunk and Crude Truckin' Thank this.
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