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How To Start a Dump Truck Business in

North Dakota

Wondering how to start a dump truck business in North Dakota? 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 North Dakota the correct way is important. 

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

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

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.

Types of Dump Truck Businesses:

  • Tri-Axle Dump Truck

  • End Dump Trucking

  • Dump Trucking

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!

Fargo - Bismarck - Grand Forks - Minot - West Fargo - Williston

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: 

  • Business Planning for Dump Truck Business

  • Legal and Regulatory Requirements for Dump Trucks

  • How to finance and acquire dump trucks

  • How acquire loads and market your dump truck company

  • How to manage your finances and bookkeep your dump truck business

  • 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: 

  • How to find a business idea that fits your lifestyle.

  • How to uncover business ideas that no one else is starting.

  • How to potentially buy your first business instead of starting one.

  • How to start your business and set it up to succeed.

  • How to scale your business so you have a life.

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