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?
You’re likely being unrealistic about the hours.
Also, does the budget include repairs or if gas goes up $1/gal like it does sometimes? What about money for a replacement truck?
As others have said, you’re buying a job. You decide if that’s what you want to do. I wouldn’t do it without talking to other drivers.