I'm currently a mid-career lawyer, and as I move towards the second half of my career, I was thinking that it would be neat to buy a short line and operate it once I'm in my 50s and 60s: preferably one with a Class I interchange, a decent freight customer base and perhaps some tourist/excursion opportunities.
Are there any resources or personal experiences that people have and could share, particularly about the profitability of these types of short lines, and typical investment methods? (I know the legal side of buying a business; I'm just unfamiliar with standard practices in this industry).
Thanks!
Are there any resources or personal experiences that people have and could share, particularly about the profitability of these types of short lines, and typical investment methods? (I know the legal side of buying a business; I'm just unfamiliar with standard practices in this industry).
Thanks!