If you cannot drive the one existing truck yourself, do not do this.
Unless that’s a trucking company that has a lot of sales people working for it and they have a lot of freight that’s their own freight, run for your life.
The so-called business that you are buying, unless they have a lot of contracts with their own Freight, is worth exactly what that one truck is worth and that’s it.
No offense to any of them, and no offense to you, but if you don’t know what you’re looking at you’ll do just like any other guy that buys a truck and spends 20 grand on it and ends up spending another $20 or $30,000 on top of that because you don’t know what you’re looking at. And people tend to sell businesses that are overloaded with debt and trucks that are junk just to get rid of them and give it to somebody else.
There are 20,000 ways this can go wrong for you and almost no ways it can go right.
I’m sure this person is telling you oh it’s 10 years the authority has been aged you’re not going to have any problems..
That Authority is meaningless and worthless.
For $350 you can go file your own.
In case you don’t know it, people that are in this industry that buy a truck have a 95% failure rate.
Those that are not in this business that attempt to go into it as owners and investors watching their money grow, 99.9% of the time they lose 100% of their money.
You’ll do better taking your money and going to the casino and rolling a couple hands of craps and maybe you’ll win.
But for sure you will have much much much much better odds.
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