Exit Strategy

Yeah i dont think they will be like that. But be good to get my foot back in on the flatbed side of things.

Sorry to hijack thread.

Im looking at entry not exit.....

 

Thank you sir.

 

i dont really think this is the right forum for this particular thread. most drivers dont get into business with any intention of selling it down the road. you are leaps and bounds ahead of at least 99.5% of all drivers out there in your thinking. you are sure way over my head, and im no genius but im no fool. i mean, i understand the question, but im far more likely to make a retirement plan through investing rather than building 100 truck business. more power to you.

 

So how does one build to 25+ trucks?

 

Hey cominghomesec; are the 26 trucks you mentioned you own 26 trucks or is it a combination of trucks you own and o/o leased onto u?

 

We are always looking for companies and the challenge is valuation in this business. So you have assets you own - nothing special there, you can sell those off and get the same if not more piecing them out. Then you have your accounts. That is what people want and where the value is. But that will be heavily discounted by an outsider like me because they can be gone the week after the deal closes. No contract is iron clad.

My suggestion would be partner with someone younger than you that is looking to grow with the intention that at some point you are looking at walking away. Many different ways that the partnership can look but the key would be that you are each bringing something to the table that allows each business to grow. Then down the road the company that you partner with can have a higher comfort level on the stability of the accounts. That increases the value and if planned right it may be that by the time the accounts realize you retired they are so comfortable with the "new" business that it is not an issue.

Of course there is a lot more to it but key to maximum value is the buyer having a trust that the accounts will be around for years not weeks.