What am I forgetting or overlooking ? I got an excel spreadsheet that a friend of mine uses for his hotshot business so I've adjusted that for my use.
Ive got truck payments, fuel on anticipated miles, maintenance / repairs 10k, tires 6k, non trucking insurance 2k per year, work comp 150 month per driver, cpa 3k per year, non covered tolls 1k, road taxes and misc fees 2k, phone / internet 750, plates 2k, wages per driver for 2 drivers ( this will be for a team), permits 1200., my fax 1000,truck washes 1k, unanticipated expenses 2k. Basically I came up with .94per mile on all miles is what it will cost me to do business. Does this sound correct? Or is it low or high? Some of the numbers I plugged into the slots also seem a little high - better to be over than under.
Whats your thoughts on this tractor -
06 Volvo 670 double bunk with 230k comes with a 2yr or 200k warr. so about 9 months worth of warr. Should be able to hammer out a deal for 34k. I plan on putting 10k down and finance the balance. This would leave me with a 25k cash reserve fund.
Ive spoke with a handful of trucking companies I my local area and it seems freight is on the rise. One last question before the flamming begins - If you are contracted under a lease (owner leased to the trucking company) and you break down under load how is that handled - I would guess it would be my responsibility to make arrangements for a rental / lease truck.
Thanks in advance - Todd