Buying a box truck business?

Here's what you need to know!

The mother of all hustles, the famous box truck business, you purchase a decent size box truck and start finding customers to do deliveries for like moving home furniture or even become a subcontractor for a moving company or maybe junk removal…sky's the limit when it comes to starting a  box truck business, but do you have the hustles to go out and find customers, wait on long hours in front of home depot or lowes asking people if they need help moving the big items they just purchased, negotiating back and forth and seeing customers walk-off over a $5 difference? Well, that's how most box truck owners start, they build up their clientele one at a time until they catch that big fish and start to move up the ladder. What if you consider buying a box truck business? What would you get in that investment besides a box truck? In this article, we will go over what's needed to start a box truck business and how to build one from scratch if you consider buying one what will you get with your investment? Let's get started below...

Making money with box trucks

It's a dream for many people to own their own business or even buy a box truck business. But what if you don't have the money to start from scratch? Or to buy one? Or what if you have an idea for a business, but don't know how to get started? Believe it or not, there are plenty of ways to make money with box trucks. All you need is a little creativity and some hard work. Making money with box trucks is something that anyone can do not only is it a great return on investment but the sky's the limit when it comes to running multiple types of services. If you start a box truck business not only will you start your journey of becoming an entrepreneur, but it will open many doors like the knowledge of running a business, payroll expenses learning profit, and loss. Did you know the owner of 1-800-got junk started with one truck he had a vision of having a fleet of clean trucks all over the world with his brand new 1-800-got junk is the world's largest junk removal company, so don't worry about the suits and ties, blue-collar are the new white collars now?

5 types of ways to make money with a box truck

We gathered 5 ways to start making money with a box truck, but you might wonder if there is any type of box truck training needed. If you are referring to driving a box truck they are different classes some just require a driver's license, others need a  class b, and some a class a, you can check this with your local motor vehicle before you invest, And when it comes to working wise there may be the basics like a certain type of equipment you may need for example if you consider moving furniture we need a Dollie, or if you decide to haul junk you may need safety work gloves, cutters to rip down larger items, hammers to break down larger items, so when it comes to boxing truck training.

Junk removal -

starting a junk removal requires building a customer base and trying to build up your referral network. In the junk business world friends, family and existing customers can recommend you to their people and that's how you build up your company. These businesses may require a waste hauler permit business license and insurance.

Moving business-

moving is the complete opposite of junk removal. These are valuable items that need to go from point A to point B in a safe and secure timely manner, you don't want point B and some of the objects broke will have you paying the customer instead of the customer paying you. This business may require a business license and insurance

Logistics -

operating a box truck business for logistics is usually the smartest option, you can expand quicker I mean with a 2 trillion dollar industry logistics is not gonna slow down. You can start on your own by dealing with apps like uber freight or hiring a freight broker another option is signing up with amazon flex and creating your route-typically these businesses require a business license and insurance 

Inventory pick-up for supermarkets-

smaller grocery stores and mini-marts need inventory from certain cash-and-go warehouses these are places that sell wholesale to businesses, they carry anything from groceries to over-the-counter items, and box truck owners work with grocery stores to pick up items for them in exchange for a fee is very a common exchange, it not only helps store owner by giving him more time to work in his or her business but it also gets you a profit, how it works is store can either go and make the order ready and you go haul it and deliver it or you take the order and go to the work of picking items they asked for, your fee is based on either or each price is different. This usually requires just a business license and insurance.  

Subcontractor for a furniture company-

another common way of making money with a box truck is by working with furniture stores not as an employee but as a subcontractor, basically how this work is when a customer purchases furniture and requires it delivered to the owner of the furniture store will contact you to schedule a delivery, by doing this the furniture saves big time by not having to pay a weekly employee on slow days and not having to pay insurance on a truck sitting in the lot, now I am not speaking about big furniture stores like bobs discount, I am talking about mom and pop shops. These businesses usually require a business license and insurance. 

What comes with buying a  trucking company or box truck box business?

There is a big difference when it comes to buying a box truck business rather than starting one from scratch, not only does it cuts out the stress and hard work of building your business but it gives you the advantage of taking that energy of building one and using it to expand the business you buy doubling or tripling the profit and value of it. So Whether you decide to buy a trucking company or a junk removal business or any other type of box truck business it does come with some benefits below I will list  5 things you get when acquiring a box truck business.

Equipment-

Your biggest investment when starting a box truck business is the trucks themselves the good part of buying a business is it might come with a truck or trucks, but don't get too happy these trucks can be run up with miles and overworked engines so you will need to inspect the trucks if the trucks are not worth it, you can renegotiate...Keep this in mind 

Sales and profit -

The reason for buying a trucking company or any type of business that consist of a box truck is the sales and profit, but this requires real digging ink on paper doesn't mean anything, hiring a business lawyer or certified CPA to make sure numbers add up is very important if the numbers add up and the net income is right then Yes it may be just a good investment 

Customers with contracts -  

When starting a business one of the biggest challenges is getting customers, this is the main reason people tend to buy then starting a box truck business, it eliminates the hassle of getting turned down and denied by customers, but I still recommend to my readers it's always better idea to start a business than to buy one, well at least until you really understand the business and made your mistakes, because those mistakes won't be as costly then it is when buying a business for a large amount and then losing it all because you weren't experience in that business. 

Employees -

Having great employees is the backbone of any business, as a wise man once said “employees don't leave bad jobs they leave bad employers' ' why do I write this? You buying a business may come with some key employees. The way you treat them reflects on your customers, happy employees, happy customers! 

Reputation -

last but not least you brought a business you the trucks the sales coming in the customers are building and employees are working harder than ever, this means the brand you took over has a reputable history, here are some places to check when it comes to checking a box truck business reputation.

Google reviews

Trust pilot 

Social media comments 

BBB

Conclusion paragraph: 

So, should you buy a business or start a business? The answer to that question depends on your specific situation and what you hope to gain from owning a business. If you’re looking for an established company with a loyal customer base and proven track record, buying an existing business might be the right choice for you. However, if you have the drive and determination to create something new, starting a business from scratch can be incredibly rewarding. No matter which path you choose, make sure to do your homework and research all of your options before making any decisions. 

To the best of our knowledge, the information provided on this website is not intended to be taken as professional financial advice. Consult a professional financial or tax expert if you require this advice.