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Selling my trucking business. Options for selling?

Discussion in 'Ask An Owner Operator' started by Volvoslave))), Dec 19, 2018.

Page 1 of 9
  1. Dec 19, 2018 #1
    Volvoslave)))

    Volvoslave))) Bobtail Member

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    Aug 2, 2016
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    Thinking to get out ...looking for options sell business. MC 2 years old in may .
     
    Last edited: Dec 19, 2018
    Volvoslave))), Dec 19, 2018
    Volvoslave))), Dec 19, 2018
    #1
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  3. Dec 19, 2018 #2
    Omega1

    Omega1 Heavy Load Member

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    Oregon
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    The value of any business most always boils down to the "net" annual profit. Otherwise, it becomes strictly an asset sale. Don't shoot the messenger.
     
    Omega1, Dec 19, 2018
    Omega1, Dec 19, 2018
    #2
    tommymonza, Mr.hustle and TruckRunner Thank this.
  4. Dec 19, 2018 #3
    25(2)+2

    25(2)+2 Trucker Forum STAFF Staff Member

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    the road less travelled
    0
    Just guessing, we had people looking to buy them, but the value would depend on demand, and you need a motivated buyer.There isn't the motivation there was even 4 months ago, there are niche markets, if you can get into one of those, you may do better, may even decide to keep it for yourself.
     
    25(2)+2, Dec 19, 2018
    25(2)+2, Dec 19, 2018
    #3
    Midwest Trucker Thanks this.
  5. Dec 19, 2018 #4
    Volvoslave)))

    Volvoslave))) Bobtail Member

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    Aug 2, 2016
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    That's kind of vibe I got... unfortunately people don't really understand how much is it cost and how much is it takes time to build one .... somebody offer me 35000for it ... it sounds like that's a big amount but I can make it in three months easy staying out 3 weeks at a time.... so what's the point then.....
    I just want to sell it because I'm moving into another business....
     
    Volvoslave))), Dec 19, 2018
    Volvoslave))), Dec 19, 2018
    #4
    25(2)+2 Thanks this.
  7. Dec 19, 2018 #5
    Volvoslave)))

    Volvoslave))) Bobtail Member

    17
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    Aug 2, 2016
    0
    And also I clearly can see big changes after December next year when you cannot really move good with the new company even you will have guts to open one... Trucking I really ####ed up people want put 30,000 in the business what making 100 thousand a year... just ####ing joke
     
    Volvoslave))), Dec 19, 2018
    Volvoslave))), Dec 19, 2018
    #5
  8. Dec 19, 2018 #6
    Ridgeline

    Ridgeline Road Train Member

    22,101
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    Michigan
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    IF anyone offered you $35k, take it.

    The value for a two year old authority isn't close.
     
    Ridgeline, Dec 19, 2018
    Ridgeline, Dec 19, 2018
    #6
    win-some-loose-less, Broke Down 69, tommymonza and 4 others Thank this.
  9. Dec 19, 2018 #7
    tnpete

    tnpete Medium Load Member

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    609
    Jun 25, 2013
    Tn
    0
    Know of a few that sold for $1000.oo and they were 5+ year old. Along with being spotless. No Speeding tickets. And good clean Inspections on those also. If your so sure its going down the crapper after Dec. You can always wait until after that time frame. Then it's worth, $0.oo. Also most that pay more for a Company. There getting way more then just a Number. That will not help them out for the Amount.

    Good Luck.
     
    tnpete, Dec 19, 2018
    tnpete, Dec 19, 2018
    #7
  10. Dec 19, 2018 #8
    Cat sdp

    Cat sdp . .

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    $300......
     
    Cat sdp, Dec 19, 2018
    Cat sdp, Dec 19, 2018
    #8
    rank, Dave_in_AZ, Ruthless and 1 other person Thank this.
  11. Dec 19, 2018 #9
    stayinback

    stayinback Road Train Member

    3,911
    8,255
    Jan 24, 2014
    chicago,il
    0
    35k?

    What's coming with the MC#?

    For 35k,it best have a stable book of business-And possibly some assets.

    Otherwise- an MC# (Clean or not) 2 years old is worthless

    So like Ridgeline says- Take that $35k like there's no tomorrow.
     
    stayinback, Dec 19, 2018
    stayinback, Dec 19, 2018
    #9
    86scotty, Broke Down 69, tommymonza and 2 others Thank this.
  12. Dec 19, 2018 #10
    Cat sdp

    Cat sdp . .

    20,819
    71,604
    Apr 8, 2012
    Orion's Belt
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    ......
     
    Cat sdp, Dec 19, 2018
    Cat sdp, Dec 19, 2018
    #10
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