Looking for input on possible business

Reading the OP post, brought up 2 different songs to my mind.

1st, was Another one bites the dust.
2nd Highway to the Danger Zone.

Entering into a field you have no clue about and running a business in it dangerous to you and your Employees to be.

Most cases the business bites the dust and closes eventually.

I started to go to work for someone who never been in trucking, but bought 3 trucks and going into Business. In one day I went assigned a truck, and turned the truck back in and was accused of stealing said truck. In reality the Truck was not worth stealing if I wanted to.

 

All trucks are leased with 5 contracted drivers , no assets . 1.8 million gross . Net ? Did you ever think if the business was worth buying one of the contractors would buy it ?
You want to get in the expedite with 5 trucks ? Spend less than half that much , buy 5 trucks like this and lease them to Panther or FedEX Custom Critical .
2006 Freightliner M2 22ft 84" slpr PRICE REDUCED!!

Price: $ 25,000.00 USD

 

first thing yu learn in trucking is that gross income is a useless figure. this is such a high overhead business and it has a greater disparity between gross and net then probably any other business type there is

 

Maybe that could be interpreted as the current owner has great relations with the companies . But a new owner ? Are there solid contracts with the companies . If so how much longer are they in effect ?
The contractors wouldn't need to buy the business . Do they have non-competition clause in the contract or could they just start their own business ?

 

I think RickG is right on on a couple of different points. Unless this guy has airtight contracts that you can assume, you're really not buying anything but a bunch of blue sky.

Disclaimer: Not a trucker, but like to think I know a little bit about the business world.