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80k absentee owner per truck 2020?

Discussion in 'Car Hauler and Auto Carrier Trucking Forum' started by Ajeanp2, Mar 6, 2020.

Page 1 of 4
  1. Mar 6, 2020 #1
    Ajeanp2

    Ajeanp2 Bobtail Member

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    Mar 6, 2020
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    Buying a car hauling company in South Florida. Do you guys think there is potential to make 80k a year per truck as an absentee owner? Is the industry growing where do you see it? Any other advice would greatly be appreciated. I like the business because getting clients seems easy as compared to other businesses, is my assumption true? What else should I know. They’re saying they’re getting more work than they can handle, do you see that being true?
     
    Ajeanp2, Mar 6, 2020
    Ajeanp2, Mar 6, 2020
    #1
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  3. Mar 6, 2020 #2
    Snailexpress

    Snailexpress Road Train Member

    2,654
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    Apr 28, 2014
    Rocky
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    80K if truck never left yard. Expect 200K or more.
     
    Snailexpress, Mar 6, 2020
    Snailexpress, Mar 6, 2020
    #2
  4. Mar 6, 2020 #3
    magoo68

    magoo68 Road Train Member

    3,393
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    Jun 11, 2011
    st malo mb canada
    0
    Then why are they crying about cheap rates..
     
    magoo68, Mar 6, 2020
    magoo68, Mar 6, 2020
    #3
  5. Mar 6, 2020 #4
    LoneRanger

    LoneRanger Road Train Member

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    Jun 3, 2018
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    One of the rules in any business is “It looks easy until you do it”.


    If the money is there you would see a lot more investment in the industry and no company going under.
     
    LoneRanger, Mar 6, 2020
    LoneRanger, Mar 6, 2020
    #4
    DrDieselUSA, brian991219, roshea and 4 others Thank this.
  7. Mar 6, 2020 #5
    Snailexpress

    Snailexpress Road Train Member

    2,654
    6,034
    Apr 28, 2014
    Rocky
    0
    My first question to myself would be WHY they are selling the hen laying golden eggs.
     
    Snailexpress, Mar 6, 2020
    Snailexpress, Mar 6, 2020
    #5
    DrDieselUSA, brian991219, KANSAS TRANSIT and 4 others Thank this.
  8. Mar 6, 2020 #6
    Snow Hater

    Snow Hater Medium Load Member

    480
    972
    Dec 26, 2019
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    Owning and operating a business is like running a daycare center for juvenile delinquents. Having someone run it for you would keep me up nites. A small business goes under a lot easier than a larger one. Who are you going have run the day to day operation? Can you trust them? How will you structure it for profitability, employee retention and the ever popular government regulations? If you have that figured out then you'll probably suceed. I hope you do.
     
    Snow Hater, Mar 6, 2020
    Snow Hater, Mar 6, 2020
    #6
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  9. Mar 6, 2020 #7
    Ajeanp2

    Ajeanp2 Bobtail Member

    6
    1
    Mar 6, 2020
    0
    Do you think in your experience it’s easy to find new jobs that are profitable, and that he’s getting more jobs than he can handle? You’re right about finding out why they are selling it. I plan on having an accountant look at the books carefully. I did some research and the South Florida market is hot.
     
    Ajeanp2, Mar 6, 2020
    Ajeanp2, Mar 6, 2020
    #7
  10. Mar 6, 2020 #8
    Ajeanp2

    Ajeanp2 Bobtail Member

    6
    1
    Mar 6, 2020
    0
    Thank you for shedding some light on things to lookout for. I appreciate it. I wish you luck too!
     
    Ajeanp2, Mar 6, 2020
    Ajeanp2, Mar 6, 2020
    #8
  11. Mar 6, 2020 #9
    Ziggy319

    Ziggy319 Medium Load Member

    540
    638
    Mar 27, 2012
    Syracuse,ny
    0
    What does the company do in annual revenue.
    What are you actually buying.
     
    Ziggy319, Mar 6, 2020
    Ziggy319, Mar 6, 2020
    #9
  12. Mar 7, 2020 #10
    LoneRanger

    LoneRanger Road Train Member

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    Jun 3, 2018
    0
    goodness of their heart and they want to make others millionaires.
     
    LoneRanger, Mar 7, 2020
    LoneRanger, Mar 7, 2020
    #10
    spyder7723 and Snailexpress Thank this.
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