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what is your break even

Discussion in 'Ask An Owner Operator' started by thehornet, Jan 17, 2012.

Page 1 of 9
  1. Jan 17, 2012 #1
    thehornet

    thehornet Medium Load Member

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    not sure what the average miles per year you roll, but if i were to calculate my break even at $1.03 included in that figure is paying myself a salary of 31k .

    if on average i could get 100,000 miles per year would this figure look realistic or not ?

    based on a break even at $1.03 per mile and charging $1.50 per mile

    would it be safe to assume in addition to paying myself 31k my business could probably bank another 47 k ??

    any help would be appreciated..
     
    thehornet, Jan 17, 2012
    thehornet, Jan 17, 2012
    #1
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  3. Jan 17, 2012 #2
    fortycalglock

    fortycalglock Road Train Member

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    please breakdown that 1.03 figure. It isn't realistic in my opinion
     
    fortycalglock, Jan 17, 2012
    fortycalglock, Jan 17, 2012
    #2
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  4. Jan 17, 2012 #3
    mgfg

    mgfg Road Train Member

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    Where'd the truck come from....I thought you just got your license.

    With fuel running between $3.50 and $4.00 your $1.03 number is way off.
     
    mgfg, Jan 17, 2012
    mgfg, Jan 17, 2012
    #3
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  5. Jan 17, 2012 #4
    SHC

    SHC Spoiled Rotten Brat O/O

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    My break even is $1 million a year......so I'm always in the hole (you never know what IRS troll might be out here :biggrin_25524: )
     
    SHC, Jan 17, 2012
    SHC, Jan 17, 2012
    #4
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  7. Jan 17, 2012 #5
    thehornet

    thehornet Medium Load Member

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    the $1.03 would include everything, truck trailer payment, insurance, gas, my 31k salary, licenses, permits, health insurance , all the goodies..

    it would include all my direct and indirect costs..
     
    Last edited: Jan 17, 2012
    thehornet, Jan 17, 2012
    thehornet, Jan 17, 2012
    #5
  8. Jan 17, 2012 #6
    mgfg

    mgfg Road Train Member

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    Better get your spread sheet and pencil out again son. At six miles per gallon what is your fuel cost going to be?
     
    mgfg, Jan 17, 2012
    mgfg, Jan 17, 2012
    #6
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  9. Jan 17, 2012 #7
    thehornet

    thehornet Medium Load Member

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    fuel i estimated on .31 per mile , figure includes fuel perks from customer.
     
    thehornet, Jan 17, 2012
    thehornet, Jan 17, 2012
    #7
  10. Jan 17, 2012 #8
    flight379

    flight379 Bobtail Member

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    So you are going to get about 15 mpg?
     
    flight379, Jan 17, 2012
    flight379, Jan 17, 2012
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  11. Jan 17, 2012 #9
    SHC

    SHC Spoiled Rotten Brat O/O

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    6mpg / $3.75 gallon comes out to $0.625

    So your fuel alone to run the truck is about $.63cpm so unless your truck is paid for I don't see you getting to $1.03
     
    SHC, Jan 17, 2012
    SHC, Jan 17, 2012
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  12. Jan 17, 2012 #10
    rollin coal

    rollin coal Road Train Member

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    It won't even be anywhere near that with a paid for truck.
     
    rollin coal, Jan 17, 2012
    rollin coal, Jan 17, 2012
    #10
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