Quote:
Originally Posted by DEVIL'S ADVOCATE
Hello,
First of all....
Please dont post any rant's or rave's about dont or do, do it.
I am interested in the "financial's" of deciding a purchase price, how to assess the business, all the in's and out's of purchasing a trucking concern. Quite simply, if you have never been involved in the purchase of a fairly large trucking co., please don't respond.
I have a friend who is interested in purchasing a car hauling business.
The purchase would include----
A, 900 customer base of snow bird's from the Albany NY area down to Fl.
9--10 car truck's
Misc. support trucks ie, smaller hauler's and trailers.
Car hauling brokerage business to compliment the hauling business.
3-4 acres of property with buildings to service the truck's.
Anyone been involved with the purchase of anything like this???
Thank's in advance.
Be good, Jim
In all honesty, the question really does not have an answer until you or your friend can see the books. Until then, just pull a number out of thin air. You should also want to see the businesses banking statements to back up the books. And I would also consult an attorney, and have a good accountant go over the numbers to make sure everything jibes.
I would also want to see some local information regarding current real estate prices. And you would also be wise to check on the zoning of this property. If you or your buddy buy it, will this business still be able to be operated at its present location under new ownership? Check with the local officials, you might be surprised at what you find. I would also check the zoning of the surrounding properties and plans for any future development for said area. This could have either a positive or negative effect on your purchase plans.
This is just off of the top of my head. I am sure others will add their .02