O/O yearly gross income? / What will you clear after all your cost?

...no they are not

 

Yea. Is realistic. Crap !!!! My truck broke down ,

 

200k with a dry van as a low border of that range is too optimistic, especially that you've never done it before.
Lots of miles to make this gross. Lots of maintenance on that paid off truck.
The rule of thumb is that you get to keep half of what you gross.

 

The reality is being an O/O is just an opportunity to make money there's no guarantee. I have been doing it for two years leased on at 79%. In 2018 I made 178k net was 63k. 2019 made 188k net was 63k again. 2018 was start up costs that kept me from hitting 70k+ last year it was breakdowns. Running on the west coast I have high fuel prices, lots of mountains, an Oregon milage tax @ .235 cpm. Really if your able to invest 40k now I would just stay with it. If you come out here you will HAVE to invest most that back into your business. Oh all those numbers are pre tax as a flat bed driver.

 

Stick with the bus. OOIDA publishes the avg oo income on their site it's in the 40s.

My best year of three I did over 200k with 70k pre tax and 56k after taxes.

I do take weeks off at a time. Could do a little better in a good market but 60 to 70 is the norm unless you specialize ie oversize or moving van, shows etc

 

Start with 2 million. HA HA HA HA. Works great in several other industries that have been taken over by new entrants. Landscaping, home construction, motels, convenience food stores.

 

You would be crazy to leave this to be an O/O. You make $90K + gross and you get to not live in the bus the other 100+ hours a week.

 

Do you think if you were on your own you would have done better?
why do you say you have to invest most of it back into the business?

 

I definitely would have done considerably better if I had my own authority. I would venture to say that I would have most likely been in the area of 90 to a 100k. As far as my comment about having to reinvest the money back into the business here's my thoughts on that. You always have to set aside some of your profit for the unknowns such as breakdowns, upgrades, and other unforeseen expenses. You also will have to set aside money to grow your business rather you stay a single truck owner operator or go to a fleet of trucks. You can only run used equipment for so long before it will need to be replaced. Just to rebuild a motor in one of these trucks is easily 20 - 30k. It takes a lot of money to run one of these trucks Sosa setting aside your profits to reinvest into your business is always smart.