How To Start a Dump Truck Business in
Mississippi
Wondering how to start a dump truck business in Mississippi? Looking to start a dump trucking business? Nate Jones Entrepreneur is here to help you with a free dump truck business plan below. Starting your dump truck business in Mississippi the correct way is important.
How much does it cost to start a dump truck business?
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$100,000 - For a Reliable Used Tri-Axle Dump Truck
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$25,000 - Annual Cost of Diesel Fuel
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$10,000 - for insurance If you need insurance, reach out to Wexford Insurance, they work with a lot of Dump Truck Businesses. wexfordins.com
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$500 - for Dump Truck DOT Registration
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$200 - for LLC or corporation registration
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TOTAL COST TO START: $110,700
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TOTAL COST USING FINANCING:
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$10,000 - Down payment on truck
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$2,000 - Down payment on insurance
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$700 - for DOT and LLC
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TOTAL: $12,700
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How much a month does it cost to fuel up a dump truck?
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$2,000 a month = 425-500 gallons of diesel fuel a month
How much money can you make with a dump truck business?
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The average revenue per load for a dump truck is $160 - $200 per load
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The average number of loads a dump truck can haul a day is 5-6 loads.
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If you drive a dump truck 6 days a week you would haul 30 loads a week.
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Hauling 30 loads a week would make $5,250 a week on average.
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On a monthly basis, your dump truck business would make $21,000 a month
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On an annual basis, your dump truck business would make $252,000 a year
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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?
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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.
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A dump truck business can profit around $200,000 a year with one truck.
Types of Dump Truck Businesses:
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Tri-Axle Dump Truck
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End Dump Trucking
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Dump Trucking
Positives of a Dump Truck Business
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This Business is always needed. Construction projects will always be underway.
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This business can be scaled. You can continue to add more dump trucks and grow your business.
How to Start a Dump Truck Business
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Save up money for down payments on a dump truck
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Form your LLC with the Federal Government and Local Government
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Obtain a DOT Number from the FMCSA
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Purchase Insurance
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Make connections with local builders, contractors, other dump truck companies, and brokers
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Run your business!
Jackson - Hattiesburg - Southaven - Ridgeland - Starkville - Tupelo - Natchez
Need the Complete Guide?
If you are wanting to successfully launch and scale a dump truck business, you will need this E-Book. In this book we review the following topics:
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Business Planning for Dump Truck Business
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Legal and Regulatory Requirements for Dump Trucks
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How to finance and acquire dump trucks
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How acquire loads and market your dump truck company
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How to manage your finances and bookkeep your dump truck business
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How to set up and scale your dump truck business.
Need Help Finding a Business Idea?
Download my
E-Book
Are you wanting to start a business but don't know which one or where to even look? Great news, I have done the hard work for you. In this book, you will learn the following:
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How to find a business idea that fits your lifestyle.
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How to uncover business ideas that no one else is starting.
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How to potentially buy your first business instead of starting one.
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How to start your business and set it up to succeed.
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How to scale your business so you have a life.