I inherited a truck & business...Advice?

Dear lady, just sell everything and move on with life

 

Look for maintenance records, see what kind of shape the truck is in, look at the value of the business, im sorry for your loss, please don't let that interfere with a business decision, if there is money for expansion, get a newer truck higher a driver ( RELIABLE), good luck, lease it on to a company and grow the company.
You can use his numbers, and do it yourself, sell the numbers

 

I couldn't agree more. The business was HIM, not the tools attached to it. If you don't know anything about the business, sell it off and move on. He would rather see you do that than destroy it, and what it takes to keep from destroying it takes years and years to learn.

 

First of all, I am sorry for your loss. I admire you for what you are wanting to do to keep his memory and legacy alive. You seem like someone who could make it work if you are very determined that is for sure what you want to do.

Trucking, like several have said, is very complex. It is a full time job for an O/O and your brother obviously had a good thing figured out that I’m sure took years of hard work. My advice would be instead of trying to take over with no previous experience, and possibly losing everything he worked so hard for, to sell out and use the money in a good way for your family or something in his memory.

I own a truck, and if something happened to me I would want my wife to sell out and keep the money instead of trying to keep it going. In fact I try to keep my business in a way that she could.

Once again sorry for your loss and good luck with whatever you decide.

 

Sorry about losing your brother.

like others have said trucking is very complex. We would need to know more information about the operation and how it worked in order to know whether it was worth keeping going or not.

Id say unless you feel passionate enough to quit your job and dive in full time then go ahead and respectfully close things down and just know your brother appreciated you giving it a serious look but ultimately did the right thing.

Good luck to you.

 

I know it sounds great to have this fall into your lap but sell it, the truck is hard to pin down what the worth is, but authority and business (if it is a business entity) will be easy to get by selling it whole.

 

I couldn't imagine a better situation for failure. Your brother obviously was a success because he knew what he was doing. To be in your situation, is the probably the worst way to get into it. The truck, to be honest, isn't worth much, and to put a driver in a truck with 800K is not a good idea, it's shot. Bail out and go into hand sanitizer, but not trucking. Good luck.

 

Sell,sell,sell.
You want no parts of trucking.

 

If when he died, he left you cash equal to
The amount of his trucking business.
You would never start a trucking business with it.
So don't try it now.
Sell it,take whatever you can get and be done with it.