Should I invest in a trucking company?

You do realize that nearly 50% interest and 3% of a company is loan shark rates. If you have it to loose and the nerve take all you can get, but you are extremely likely to loose your $40,000. If the owner keeps borrowing at 50% interest he won’t own a trucking company very long as there isn’t that kind of profit in trucking.

 

Some options of investment with way bigger returns

 

Last one was 9c last week ... Its 20 as i type it

 

So if my math is correct, he's keeping little under. 04 cents for every dollar he makes. Wow, run fast.
Better places to invest your money!

 

Exactly, current owner is probably taking cash out of the business.

 

Don’t invest in a poorly managed company. Him borrowing at payday loan rates is poor money management. How many other people is he getting personal loans from promising 50% interest and yet another 3% ownership slice?

His macro numbers make no sense for the supposed number of tractors, trailers and drivers. He has very low gross revenue and hemorrhaging expenses.
I am not an O/O but been in business 35 years and his numbers are a dumpster fire.

 

Revenue per mile, cost per mile, net profit per mile. What are the value of assets, what are the companies liabilities. What is the status of the companies freight contracts. Will he continue to haul existing freight, and look for more? We don’t have much to offer in this business besides safe and on time pick up and delivery. What is his delivery record? What about compliance with DOT laws? What is his compliance record? Any cargo claims? Cash on hand? All questions I would be asking, and I would want proof.

 

Just another company who blows up overnight and then is gone 2 yrs later. Probably a lot of his profit is going toward buying junk trucks and then fixing said junk trucks and trailers. Ask him what his cost per mile to operate is. Have him break it down by the penny.

Also, he’s asking for 40k? That won’t operate those trucks for even 1 week. You’ll have to kill him to get your money back. (Life insurance).

 

I would invest in nothing right now. Put my money into gold, silver. So I might have some kind of money in the coming years. The Apocalypse has started.