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Profit margin for owner/operators

Discussion in 'Ask An Owner Operator' started by Rockhauler545, Oct 1, 2018.

  1. Oct 1, 2018 #1
    Rockhauler545

    Rockhauler545 Bobtail Member

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    I was checking into what all is involved in being an owner/operator when I stumbled upon a web site called “Rigbooks.” It was very informative. The only part I didn’t understand was under the owner/operator costs and expenses section the author said you only make 5% profit on your gross and the other 95% was expenses. What sense does that make ?
     
    Rockhauler545, Oct 1, 2018
    Rockhauler545, Oct 1, 2018
    #1
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  3. Oct 1, 2018 #2
    Ridgeline

    Ridgeline Road Train Member

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    Eight percent is the low end, eleven to twelve is the norm. Fifteen is on the high side.

    Five percent is low, very low,
     
    Ridgeline, Oct 1, 2018
    Ridgeline, Oct 1, 2018
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    DUNE-T Thanks this.
  4. Oct 1, 2018 #3
    DUNE-T

    DUNE-T Road Train Member

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    Assume you are paying yourself a company driver salary, then extra percentage would be profit from the business. But yeah, 5% is low, it should be more than 15 if you have own authority
     
    DUNE-T, Oct 1, 2018
    DUNE-T, Oct 1, 2018
    #3
  5. Oct 1, 2018 #4
    PermanentTourist

    PermanentTourist Heavy Load Member

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    48 states + Canada
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    Yeah, that's silly. I am able easily to end a year with 50k more in savings than when I started. I certainly don't haul a million bucks worth of freight a year.

    Also worth considering is that a lot of the "expenses" of an owner op would be just regular money spending in normal people life.
     
    PermanentTourist, Oct 1, 2018
    PermanentTourist, Oct 1, 2018
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    86scotty Thanks this.
  7. Oct 2, 2020 #5
    hannafarms

    hannafarms Light Load Member

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    Jan 4, 2009
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    5% would be more if you were hiring a driver like a fleet company.
     
    hannafarms, Oct 2, 2020
    hannafarms, Oct 2, 2020
    #5
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