How does this modify if you are tracking a fleet of 9 vehicles? do you combine them and average the whole thing or do you calculate per vehicle? if so - since insurance is one payment and not per vehicle how do you calculate cost per mile on each vehicle (also calculating total cost of ownership to be able to forecast retirement windows).
This spreadsheet is only for 1 truck. I would recommend having a much more robust calculation if you have 9 trucks. You probably have much more overhead to consider.
I really appreciate your work Zach, but 7 miles/gallon for a box truck seems off to me, doesn't a semi-truck get that mileage? I thought it was around 10 to 11 miles/gallon, no? Then again, if you're accounting for deadheading, then yeah.
These numbers are depressing brother. With a profit of $1,500 that means guys that are renting their truck are going home with $50 at the end of the week? Great videos but it's very confusing
I've been following you with good intentions. But based on your calculations you cannot make a profit. $400 a week only takes one engine breakdown to wipe out your business
How does this modify if you are tracking a fleet of 9 vehicles? do you combine them and average the whole thing or do you calculate per vehicle? if so - since insurance is one payment and not per vehicle how do you calculate cost per mile on each vehicle (also calculating total cost of ownership to be able to forecast retirement windows).
This spreadsheet is only for 1 truck. I would recommend having a much more robust calculation if you have 9 trucks. You probably have much more overhead to consider.
How can I get my hands on this spreadsheet
www.harrisburgbookkeeping.com/store/p/cost-per-mile-calculator
Thanks again great info, I will be consulting with you soon
Any time!
I really appreciate your work Zach, but 7 miles/gallon for a box truck seems off to me, doesn't a semi-truck get that mileage? I thought it was around 10 to 11 miles/gallon, no? Then again, if you're accounting for deadheading, then yeah.
6.4 for my semi and 7.6 for my boxtruck
I get 11 miles a gallon in my 26f box truck
Great video, I'm starting up my Box Truck business. I'm looking for a good insurance agent, do you have anyone you can recommend? Thanks.
redroseinsurance.com
👍👏👏
😁😁😁
Based on these numbers if you're the owner and you're renting a truck there is a zero profit at the end of the week
Correct, if you are paying a driver to operate a rented truck
These numbers are depressing brother. With a profit of $1,500 that means guys that are renting their truck are going home with $50 at the end of the week? Great videos but it's very confusing
That’s not true I rent and I make profit even with the same calculation
THE MATH ISN'T RIGHT.
These numbers are based on the assumption that you are hiring and paying a driver to operate the truck
I've been following you with good intentions. But based on your calculations you cannot make a profit. $400 a week only takes one engine breakdown to wipe out your business
It's a tough business