Crane Investment???

E

Eddie Bee

Location
Westchester NY
Hi I'm looking into investing into a large crane to basically do all my tree work with. Wondering if anyone had any advice in investing in a brand new Crane/ log truck? How much can a crane truck bring in per day? How many men do you run in that crew? Is it worth the investment? Any advice would help!!
Thank you!
 
I would look at a knuckle boom that you could operate and climb off of. I think if you have the money and are willing to invest it, I would look there first. If you have a large company with lots of guys, maybe some who have been around for a long time then maybe a stick crane is the better choice. If I was going to purchase a crane I would look into a knuckle boom that had good reach, a place to load logs, and a remote so I could climb and operate at the same time. I love crane work, but around me their are like 6 crane companies. However, I can see myself with a crane like I mentioned above in due time. Good luck, let us know what you get.
 
Can't sell something (services) if you don't know what it cost you to buy it (labour + fleet + etc).

T'is common a flaw with the entrepreneur.

Most don't invest - they buy a salary.
 
Mangoes said:
Can't sell something (services) if you don't know what it cost you to buy it (labour + fleet + etc).

T'is common a flaw with the entrepreneur.

Most don't invest - they buy a salary.
Click to expand...

Yes Mangoes, I agree.
You have spoken about return on investment before. I understand the concept but don't know the equation. How to figure something is a good investment.
Would you be willing to school us on this or point us to a resource where we can learn it ourselves?
Much appreciated.
 
upload_2015-1-22_21-53-48.webp

The app I had customized (Access) has a great number of forms used to enter the $ forecasts which generate this report.
- purchase price, financing cost (options for term, down, interest), lifespan (I choose 10 years on trucks, 7 years on chippers), it calculates residual based on depreciation rates you choose
- if you choose an ROI factor of 1, you pay for the unit. If you choose and ROI factor of 2 you pay for the unit and have cash at the end of term to outright buy the second
- the only players that win with an ROI factor of 1 is the bank as they perpetually garner interest

I budget for worst case scenario, then find ways to save.

In being aware of my numbers in this detail (App also budgets EVERYTHING else and helps me determine hourly, daily, weekly breakeven and % profit) I have been able to be more competitive when work is lean. I know what breakeven is. Hanging out here in Jan/Feb helps seize more of a small supply of available work and keep key staff in paycheques. And when workload is plentiful I can clearly identify profit % in this period and average how that will impact the 12 month period overall.

Overall awareness of numbers allows you to pay staff better, keep and maintain a late model fleet, and make sure shareholders are adequately compensated for their sacrifice.
 
Speaking to the original post, Xman (David Driver) is a person that would be worth talking to/seeing. He operates a Kboom/ log truck as a dailey part of his tree work.
 
Rearmount
Mangoes said:
View attachment 30020

The app I had customized (Access) has a great number of forms used to enter the $ forecasts which generate this report.
- purchase price, financing cost (options for term, down, interest), lifespan (I choose 10 years on trucks, 7 years on chippers), it calculates residual based on depreciation rates you choose
- if you choose an ROI factor of 1, you pay for the unit. If you choose and ROI factor of 2 you pay for the unit and have cash at the end of term to outright buy the second
- the only players that win with an ROI factor of 1 is the bank as they perpetually garner interest

I budget for worst case scenario, then find ways to save.

In being aware of my numbers in this detail (App also budgets EVERYTHING else and helps me determine hourly, daily, weekly breakeven and % profit) I have been able to be more competitive when work is lean. I know what breakeven is. Hanging out here in Jan/Feb helps seize more of a small supply of available work and keep key staff in paycheques. And when workload is plentiful I can clearly identify profit % in this period and average how that will impact the 12 month period overall.

Overall awareness of numbers allows you to pay staff better, keep and maintain a late model fleet, and make sure shareholders are adequately compensated for their sacrifice.
Click to expand...
Rearmount? Did you find one
 
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