Reaching out to experts on trucking and hauling business

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by an investor
in Florida, USA

1yr ago

Reaching out to experts on trucking and hauling business

Looking at a business that has about 70 trucks

Seems the industry is going through a big recession

Someone much smarter than me told me generalized freight of any type (flatbed/dry van/reefer/bulk) is a commodity, but specialized forms of transport can be interesting (oversize, hazmat, pharma cold chain, etc.)

Half of this fleet is flatbed (so generalized), other half includes dump trucks, water trucks, low-beds used for heavy hauling, end-dumps

They claim the truck fleet is worth $15m - have an appraisal to show

Rough numbers: 2021/22/23/24 annualized: Revenue - 11m, 12m, 11.5m, 6m (yes, down 40% on an annualized basis) Op income - 1.4M/1M/1.7M/0.1M

4 questions ( address a subset if you prefer)

Would you buy this?
If so, what would you pay?
How much of the payment would you defer via Seller Note or Earnout?
any big questions you will ask the seller early in the process?

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reply by an investor 1yr ago
from University of Florida in Atlanta, GA, USA

Thx for the tag ^redacted‌.
feel free to email me at redacted

reply by an intermediary 1yr ago
from Spalding University in Prospect, KY 40059, USA

^redacted‌ Well written. This is fairly simple. The business is worth the equipment only and from my perspective, no good will would be included.