Is this a good opportunity?

First, is it $750 per load or $750 per day?
Second, if it is $750 per load can I come do it too?

 

Doesn't sound like enough money?
I have a couple associates that get 2.25 plus. They claim thats low pay?
It is allot of work and money to keep up your authority and insurance.

 

OK I hate to play devils advocate, but?
The cost factor will be the same on all three trucks.
Yes you can save a very small part on bulk insurance, but with trucking its all about liability cost.
How will be running more trucks pay more?

I do enjoy your excitement, and I hope all goes well!

 

Good luck with it, be sure to crunch those numbers again, and again, and again.

 

Okay it goes like this say that if with one truck at the end of the year you come away with 10,000 profit(just a round firgure to make calculations easy). Say the second truck runs just as first with about the same so at the end of that year you have 20,000 profit and so on. Three trucks 30,000 profit.

 

1. Is the $750.00 for the round trip or one way? If it's round trip then it's not enough considering the rising cost of fuel.
2. Will they increase the rate to match the fuel prices?
3. Will you be dead heading back or have a back haul?
4. Is there a contract? Although it's a family deal you need one and I wouldn't proceed without one.
5. Do you have the funds to cover breakdowns, an emergency fund of at least $10,000?
6. If there is a contract then you'll be obligated to cover the loads, do you have a back up plan in case the one truck goes down?
7. I suggest that you consider nothing shorter that a 48' and seriously consider a 53 foot as some times the pipe will be long, less over hang.
8. Who's driving if it's you then who covers when you are sick or get hurt, or have a family emergency?
9. Are you going to incorporate?

These are just a few of the thoughts that I have on this.