I have the opportunity to buy a bread truck business for $110k truck included. After expenses the net each week is $1900. I don’t bake the bread just pick it up in the mornings from the distributor and deliver from 5am-noon. My plan is to run it myself M-T and hire someone for $25hr Friday and Saturday. I can still pocket over a grand each week and only have to work 4 days. Does this sound smart? Im only borrowing $50k with a 10yr loan. I’m a mortgage broker and I’m out of work and need to find something stable while the real estate market recovers. Anyone else ever run a delivery business like this?
As long as you know you are buying a job and not a business sure. Such a small operation doesn’t seem to offer any real security. It could be gone in a blink.