How much does it cost to start a dump truck business?

• $100,000 - For a Reliable Used Tri-Axle Dump Truck

• $25,000 - Annual Cost of Diesel Fuel

• $10,000 - for insurance If you need insurance, reach out to Wexford Insurance, they work with a lot of Dump Truck Businesses. wexfordins.com

• $500 - for Dump Truck DOT Registration

• $200 - for LLC or corporation registration

• TOTAL COST TO START: $110,700

• TOTAL COST USING FINANCING:

  • $10,000 - ​Down payment on truck

  • $2,000 - Down payment on insurance

  • $700 - for DOT and LLC

  • TOTAL: $12,700

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How much a month does it cost to fuel up a dump truck?​

• $2,000 a month = 425-500 gallons of diesel fuel a month

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How much money can you make with a dump truck business?

• The average revenue per load for a dump truck is $160 - $200 per load

• The average number of loads a dump truck can haul a day is 5-6 loads.

• If you drive a dump truck 6 days a week you would haul 30 loads a week.

  • Hauling 30 loads a week would make $5,250 a week on average.

• On a monthly basis, your dump truck business would make $21,000 a month

• On an annual basis, your dump truck business would make $252,000 a year

• As you scale your dump truck business, you can continue to make more money by buying more trucks with the expense of hiring a driver. 

 

Are Dump Truck Businesses Profitable?​​

• Yes, a single dump truck can make around $21,000 a month. With monthly expenses (loan, insurance, fuel, etc) of around $4,233 a month a dump truck busines can profit around $16,767 a month.

• A dump truck business can profit around $200,000 a year with one truck.

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Types of Dump Truck Businesses:

• Tri-Axle Dump Truck

• End Dump Trucking

• Dump Trucking​

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Positives of a Dump Truck Business

• This Business is always needed. Construction projects will always be underway. 

• This business can be scaled. You can continue to add more dump trucks and grow your business.

 

How to Start a Dump Truck Business 

1. ​Save up money for down payments on a dump truck

2. Form your LLC with the Federal Government and Local Government

3. Obtain a DOT Number from the FMCSA

4. Purchase Insurance

5. Make connections with local builders, contractors, other dump truck companies, and brokers

6. Run your business!

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