Becoming an o/o

You will really have to get after it to run 100K paid miles in a year.

I think you're being overly optimistic there.

You're fuel number is about right. Maybe a couple thousand high.

$30K a year in maintenance and repairs is way high. Maybe half of that.

I'm not certain what you are calling taxes. Mileage tax if you stay in Texas will be nil. Ifta should be low as well if you stay mostly in Texas.

But on the revenue side I'd figure closer to $180K year. That's with 6 to 8 weeks off.

And you will need some time off.

My best year so far has been about $230K. That was 2018. People were throwing money. But I was so worn out, I took 5 of the first 8 weeks of 2019 off.

 

Get a year in with a clean record and just go to Landstar.

 

Always good to over estimate on maintenance. Today's emission trucks, it is so easy fast to get a $10-15-18k repair bill.

 

$1300 for a monthly truck payment? I am guessing a 5 year old tractor with 500K on it that you are purchasing used. Probably a fleet truck. Are you sourcing that from TMC and know the history of it?
The downtime on that alone knocks 50 weeks down to something less. You might have the $30k budgeted for the actual expenses, but I fear your $200K gross maybe optimistic. Good plan otherwise.

 

If you think ur going to make $93,000 in ur first year you are clearly wrong. Most owner ops make close to what a good company pays if not less. I was making great money as a company driver then went and bought a truck. I make just as much now as I was with a company. 75k+ a year. Only thing I gained was my stress worrying what's gonna break today.
Also 30k maintenance might be low at start. An engine rebuild alone is 30k now let's add in a set of tires 4-5k.
You are buying a used truck so let's add in airbags $250 each shocks $100 each... These newer trucks aren't cheap. A turbo alone is 6k

Now let's look at rates you wanna stay in Texas regional so lots of trucks = less money as rates will be crap...

 

Here we go again,,,I too had lofty expectations, before the world kicked me in the teeth. Probably the most foolish decision I made, cost me a lot, took years to recover, and that's when things were good. I can't stress enough, not to do it,,,but,,,I didn't listen, but then, I didn't have the luxury of this site, and it was trial and error. Thing was, in the late 80's, a mistake didn't have dire lifetime consequences, like today. Insurance is the killer, and no matter what the company says is covered, some slick lawyer, will take you to the cleaners. Heaven help you if you kill someone. I couldn't read your list, but don't forget a GOOD accountant. They don't work cheap either. After years as a company driver, after buying my own, I couldn't believe all the extra crap I never heard of in trucking. $500 road use tax? What the heck is that? Quarterly tax estimates, I'm broke now and just picked up a bolt in my steer tire. Just a bad decision today.

 

Looks like you’re a stickler for details. I would know the total gross down by at least 20%. 25% even better, and weeks worked down to 44, and shoot for the 200k, and 50 weeks. You can figure revenue, weekly, monthly, and Quarterly, as you go, to guage your progress. The reason I do it that way, is simple. I don’t like disappointments, or surprises. I’d rather be prepared for reality. Even when prepared, things can get crazy, and all hit at once. Expect repair / maintenance costs to be erratic. Averaging out over time.Do yourself a favor. Figure the numbers, with an added $13k repair, and 3 weeks downtime. Be sure to count the cost of paying yourself. Then look at the actual revenue difference for the year. It’s huge.Good Luck.

 

Aye. Unless you plan on living in the truck exclusively, and never going home, you probably won't manage 50 weeks a year of uptime.

Every time you go home, even for a day, you lose a half day on either side of your home time as you disengage from the last drop and work for your first pick.

Unless you live right next to the terminal, which is possible, I suppose.

That's not to say it's impossible. Just that you gotta be a serious hard charger and have good luck with maintenance in order to roll 50 weeks a year. Even in a brand new truck.