STARTUP COST
* I have already purchased a 2003 volvo for $9000
* I plan to apply to Truckers advantage and factor my way through fuel cost. 2.5% factoring is cheaper than a line of credit at 7%
INCOME / EXPENSES
* I will be the "Company Driver" for about the first year
Please advise on where I am off. I have factored in a 30% margin of error to the bottom line.
If interested I can send you the XLS spreadsheet
Are my numbers even close?
Discussion in 'Ask An Owner Operator' started by admhays, Jan 23, 2014.
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$214,500 will be kinda hard to acxhieve your first year WITHOUT your own customers....
and if you plan on factoring..........2.5% is a great rate for a 1 truck factoring what?? $15 k per month?
That old Volvo gonna keep you in the shop once a month....Plus a decrpit wagon for 5k? lol......Your gonna sink another 5k into it for brakes/drums/slacks/chambers/seals and bearings PLUS structural integrity too..(new A posts-Roof-cross-members-radius panels)
Good Luck and I wish you much $$$$ and successadmhays Thanks this. -
Are you a single truck operation????
PLATES/HVUT 3000.00
FUEL TAX is high..
AUTHORITY IS ONLY 600.00/USDOT 10.00/INTRASTATE??? DEPENDS ON WHAT STATE YOU RUN IN
DRUG CONSORTIUM 125.00 a year
ADMIN 1000.00 A MONTH FOR WHAT??admhays Thanks this. -
.13 is low maintenance for old truck and trailer. 1.95 for every mile, on a new startup, pulling a van, is........let's call it optimistic.
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suggestions?
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yes single truck.
The 1000 is just start up admin
The 10000 year admin is legal, CPA, cell phone, plates, and all the other various things that add up quickly. -
ok so shop for a trailer in the 10K range?
whats the most common reason Ill be in the shop once a month? -
What is your background in this industry? Do you have shippers lined up? Without knowing the answers to these types of questions, it's hard to say. MC authority is only $300. I'm guessing the $3k includes plates and 2290?
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Because it's a $9000 truck. Move that maint number to the low .20's to start and trim it in as you go. Fuel $ is too high , mpg is good...where is the FSC you will collect? and get rid of the 030 slush fund.
MM is right too, no on the 215K off the boards / broker etc. Your own dedicated gig? Maybe otherwise no.....
Forget the 5k trailer too, it's nothing but iron, step up to a better unit and it will serve you well.
Work the numbers again bud....
Good luck
JMO -
Old trucks break down. Do you have the mechanical skills and tools to troubleshot and repair? On a breakdown where your truck becomes immobilized, the tow truck can run more than the repair. We're not trying to discourage you, simply bring you back down to earth a little bit.
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