How To Start a Dump Truck Business in
Oregon
Wondering how to start a dump truck business in Oregon? 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 Oregon 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
-
Save up money for down payments on a dump truck
-
Form your LLC with the Federal Government and Local Government
-
Obtain a DOT Number from the FMCSA
-
Purchase Insurance
-
Make connections with local builders, contractors, other dump truck companies, and brokers
-
Run your business!
Portland - Eugene - Salem - Gresham - Hillsboro - Bend
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.