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Bus company?

Discussion in 'Ask An Owner Operator' started by koolest15, Mar 17, 2011.

Page 1 of 4
  1. Mar 17, 2011 #1
    koolest15

    koolest15 Bobtail Member

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    Nov 8, 2010
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    Do you think that a bus company would be a better business to start up instead of a trucking company?

    I also believe a bus company makes around $20,000 a bus per year and a trucking company only makes $15,000 a truck per year.

    So if you owned 6 buses that would be $120,000 in profits.

    And if you owned 6 trucks that would be $90,000 in profits.

    Also I think a bus company wouldn't need the owner there 24/7, unlike a trucking company where you have to do way more for way less money.
     
    koolest15, Mar 17, 2011
    koolest15, Mar 17, 2011
    #1
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  3. Mar 17, 2011 #2
    Grouch

    Grouch Road Train Member

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    If you bought 6 brand new Prevosts, 2 1/2 million dollars would be gone. Buy 6 brand new KWs and all new trailers and only about a million would be gone.

    Plus the fact, it is hard to find a good garage to work on buses. Most mechanics don't want anything to do with a bus. Then you will need to find a place where you can empty the "john", clean the bus up after each trip. These are just a few headaches of owning a bus. Ever dealt with some 56 people at once? You talk about a "pain".

    Now, where is your business coming from? Most schools, churches, or any group that travel is pretty well established with a bus company.
     
    Grouch, Mar 17, 2011
    Grouch, Mar 17, 2011
    #2
  4. Mar 17, 2011 #3
    koolest15

    koolest15 Bobtail Member

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    I was thinking about purchasing a existing bus company,
    they sell anywhere from $300,000 - 700,000 +

    Also there would be 6 bus drivers, a yard to park the buses with a repair shop, and 2 people in office (one of them being me).

    Now with a trucking company theres a whole lot more headaches then a bus company.
     
    koolest15, Mar 17, 2011
    koolest15, Mar 17, 2011
    #3
  5. Mar 17, 2011 #4
    DirtyMartini

    DirtyMartini Light Load Member

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    Mar 14, 2011
    Effort, PA
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    You really need to get out and actually work in this industry before you start wanting to buy business'. From this thread and your other one it is easy to tell you have no idea what is involved with the transportation industry.

    Go work for a trucking company or a bus company and learn the in's and out's of the day to day operation. Figure out if it's really something you want to do before you invest a large sum of money into a business.
     
    DirtyMartini, Mar 17, 2011
    DirtyMartini, Mar 17, 2011
    #4
  7. Mar 17, 2011 #5
    koolest15

    koolest15 Bobtail Member

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    Nov 8, 2010
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    Alright DirtyMartini thanks for the advice.
     
    koolest15, Mar 17, 2011
    koolest15, Mar 17, 2011
    #5
  8. Mar 17, 2011 #6
    Allow Me.

    Allow Me. Trucker Forum STAFF Staff Member

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    And Insurance, much more $$$ insuring people than lettuce.......and breakdowns......ever see a broke down bus on the interstate with 50 foreigners standing there? Now, you, as the owner need to scramble to get a replacement bus there pronto, if fact, you might have to refund some cash if they missed the first race.
     
    Allow Me., Mar 17, 2011
    Allow Me., Mar 17, 2011
    #6
  9. Mar 17, 2011 #7
    koolest15

    koolest15 Bobtail Member

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    Yes I am sure there is a much bigger cost to insurance...
    But as for breakdowns they do happen but with preventative maintenance and having a spare bus will reduce the impact of the issue.

    Overall comparing a bus company to a truck company I believe running the bus company has its up's and down's but a truck company has many more....
    Another up about the bus company is that it needs less overview and makes more profit then a trucking company.
     
    koolest15, Mar 17, 2011
    koolest15, Mar 17, 2011
    #7
  10. Mar 18, 2011 #8
    mastllc

    mastllc Medium Load Member

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    how do you figure it makes more profit and takes less overview?
     
    mastllc, Mar 18, 2011
    mastllc, Mar 18, 2011
    #8
  11. Mar 18, 2011 #9
    Kittyfoot

    Kittyfoot Crusty Ancient

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    Define overview. With a bus you're responsible for people's lives. You're going to be "overviewing" everything 'cause if you screw up and somebody gets hurt or killed you are the ultimate responsibility and who all the personal injury lawyers will be coming after.
     
    Kittyfoot, Mar 18, 2011
    Kittyfoot, Mar 18, 2011
    #9
  12. Mar 18, 2011 #10
    koolest15

    koolest15 Bobtail Member

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    Nov 8, 2010
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    Less overview - is that the company can be ran quite easily, with me and another employee and if all the buses are gone for a day or 2 days then one employee could oversee the business while I take a day off.

    Trucking - you must always be at the office, paperwork, gov rules/regulations, record keeping, repairs on trucks, cleaning the trucks, trying to fight for freight, drivers that could cost you way more if they dont like the company, higher expenses than a bus company, and the list goes on.

    A bus company if you plan ahead to take a day or two off it can happen but its unlikely for it to happen with a trucking company.

    For the profits part I looked at companies for sale online and one with 6 buses made $126,000 a year in cash flow, while trucking companies with 6 trucks only made $90,000 in cash flow.
     
    koolest15, Mar 18, 2011
    koolest15, Mar 18, 2011
    #10
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