KWN86:
I will apply for the o licence by end of the month before new rates will go into life so this will give me another three months before I put the truck on the road hopefully all the Brexit uncertainty will clear by than if not will reconsider going into general haulage maybe car recovery transport than.
When it comes to tracking only 1.40 a mile @1600 miles a week I’m falling short by 200£ every time I run the numbers maybe someone can help me with my calculations operating center rent TM insurance payment monthly assumed cost of 1450£ plus fuel and driver’s wages how can you afford that can someone explain.
Before I put the truck on the road while waiting for o licence will schedule couple of meeting and see where I stand work wise what am I being offered and make final moves will run one truck and trailer for start it been my goal for as long as I remember so won’t be put down easily
1600 miles @ £1.40 per mile = £2240
Fuel cost will be around the £0.56ppm mark, so at 1600 miles the fuel cost is approx £900.
So you’ve got £1340 left to pay for your truck, trailer, insurance, op centre rent, maintenance. And pay yourself a wage.
So if you called it £890 for all the above costs for the week, this leaves £450 gross for wages and profit. This would probably give you a take home wage of about £300 for the week, if you take it all as wages, with no profit set aside.
Which is why I suggested aiming for £3000 per week turnover, you wont do it every week, but you need to aim for it.