COST of Running SMALL TRANSPORT BUSINESS in the UK. Owner Operators Expenses Breakdown
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- Опубліковано 6 жов 2024
- We are sharing with you the COST of Running SMALL TRANSPORT BUSINESS in the UK.
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Owner Operators Monthly Expenses Breakdown
Please watch our first video on the matter
• Owner Operator Busines...
And if you want to see my CPC Transport Manager journey video here's the link:
• TRANSPORT MANAGER CPC ...
We have been running the transport business since August 2020. We have listed down for you what are the expected monthly costs of running the business based on the Standard National Operating Licence in the United Kingdom. This is based on two trucks and trailers with a Financing Option.
Please note these costs are only as per our little business and it does vary significantly from month to month. Not every business is the same and we cannot guarantee that anyone else who was running the same business would pay the same expenses as us.
More details plus a free checklist on starting your transport business, click here
mumcandoit.com...
Do not hesitate and learn from those that are in the business.
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Thank you for your support
If we haven't met before:
Agnes- full name Agnieszka,
I am UK based full time working ACCA qualified professional, a mummy to 3 children, a UA-camr with many interests which I talk about here on my Channel. Originally from Poland.
You can find my blog at:
mumcandoit.com
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Jash- full name Jashandip, is my husband and he is currently showing up on my channel as he started to enjoy doing those videos for you guys. Originally from India.
Music credits:
From YT Library
#OwnerOperatorCost #OwnerOperator #OperatingLicence #CostofSmallBusiness #SmallBusinessUK
Please Please Please do another video about running your company, you are literally the only people that post about things like this and its really great to get an insight into it, Why did you start, what did you do before, what sort of profit do you make ?
Fantastic to hear you’re interested in this series and I’m glad to say we are preparing more content so thank you for the questions. Please don’t forget to share the video with anyone who you think might be interested too. Thank you 😊
Have a great day and I look forward to it
Anyone find anymore vids like this
What's the best truck to buy in the UK , starting out as owner operator?
We believe it’s Volvo. Next best would be scania. That’s our opinion and I’m sure other people would possibly have their favourites but Jash had been driving many lorries in the uK and Volvo comes Most reliable and most efficient too- not the cheapest but in a long run less issues so less cost to run
I am a teenager from the rural county of Devon, I study economics and politics and have no interest in trucks whatsoever…. But I literally ended up watching the entire video ! 😂 probably one of the most interesting videos I have ever seen ! These days when people talk about small business, you instantly think of Etsy or EBay, not Trucks ! I have learned something new today ! Keep up the videos !
That’s really kind of you and I’m glad you have found it interesting. Hope you come back to watch more in the future.
Thank you Jash & Agnes. Very honest and informative video. Transport is a tough industry and very low margins. I appreciate those who do this for a living. Keep the videos on this topic coming.
Our pleasure! Do you have any particular questions you would like to hear us discuss? We want to make sure people enjoy the content so let us know what subject interest you the most.
@@AgnesMann This will soon turn into a truckers channel 😎 I’m always interested in on the job insights of running a transport business in the UK, the typical daily issues, solutions, pointers for good and bad load exchanges, pitfalls to avoid and work life balance. Most you have answered in your videos but always good to hear from people who are experiencing first had in the current times.
Hey Guys, great video I’m 22yrs old and looking to start a business in vehicle transportation although I can’t find any videos related l. Stumbled across your channel and although not entirely relevant it’s still relatable and I’m picking up some valuable information. Thanks very much and keep up the work!
Best of luck! Let us know if there is any help you might need in a future. We do offer a consultations to help peope establish their business,
Thank you
Wauu, indeed is not a piece of cake on a silver platter. It takes determination and much effort to operate. Anyway thanks for the video. We got lots of information to think about if really wanna do this or not. Thanks a lot
I hope it hasn’t discouraged you to start. If we can do it- so can you!
Good luck to you. Hoping you are seeing the fruits of your labour. Starting a business is never easy. We are also starting a businesses in a different industry with a mixture of emotions from excitement, nervousness to being scared of failing. Especially with the huge costs involved. Best wishes.
Thank you so much. What industry you’re in? I’m sure you’ll success and do well.
Guys this is the best video I have watched so far, it's so informative and honest. Amazing work, Good luck to you guys and thank you for the information.
Our pleasure! Thank you for watching. Are you too in the business?
@@AgnesMann Not yet but I am learning now, and I am taking Jash advice to wait and watch the market as no need to enter in a rescission. I just wanted to ask you and Jash what is your recommendation for truck model year ( 3years old vs 5 years old truck based on 100K millage/year) in terms of maintenance and whether you are deciding to resell it or use it till salvage. how do you calculate your trucks depreciation?
Just wanted to say massive thanks for sharing so many owner drivers just tell you it isn't worth bothering whilst telling you about their £4k light bar and bloody roo bars they imported from australia for another £3k in the next sentence so it's refreshing to see someone put some actual figures on it, not something I'm looking to do right away but if redundency comes around from my current driving job it's good to know, thanks again
I am glad you have enjoyed the video. There are money to be made in this business definitely, but it takes the right person to run it. Some people are just not cut out for the stress and lacks the management skills to run it. SO maybe this is the case with people you are talking about.
Please share the video to help the channel grow.
Thank you
Hi , Greetings from Ireland 🇮🇪 what a great informative video , I wasn't looking for the video it just popped up in my feed and im glad it did , very informative and helpful ..... I'm currently considering starting a single truck / owner operator business here , process seems similar to UK only difference I can see is we have to have truck prior to application as all truck details have to go on application otherwise process seems the same , €9000 available for first truck etc etc ....
It's definitely not a business to go into half heartedly as you have mentioned costs will cripple you in a couple of months if truck or trucks are standing still . To my knowledge I don't think we have anything like 'Haulage Exchange ' you mentioned for bidding on jobs here which is a shame..... but maybe there is and I don't know about it yet ?
Great video 👍👍
Thank you so much...
That would be strange that in Ireland you must have truck first as it means you might not get the license and be stuck with a truck... Maybe if you look closely you only need to specify how many trucks you want to have and only once you're license is granted you ten specify which reg/truck will need OLicence Disk printed... Please look into this again as it seems illogical in my opinion...
This was most honest and best advice on transportation business thanks Agnes And Jash 🙏🏽
No problem 😉 we have more videos in this series coming up soon so stay tuned. Are you in the business yourself? kindly please share it with those that might want to see it to help us grow. Thank you
You guys are amazing.
Makes me mad that such brilliant entrepreneurs like yourselves do these, just for the tax folk sitting around rubbing their palms together.
So honestly, well done.
business in Europe is good however after all expense and tax you will be lucky to take home 15%
Have you tried 3 lorries. . The first vehicle pays for the fixed costs of the other two vehicles, which you run at a nice gross profit.
From that point on you just need turnover, repeat business that pays their bill to you.
Thank for the video. I did crunch the numbers once and found that if you work for an established operator as a PAYE employee then you will take home the same wages but with much less headache of cashflow, crawling for business, always getting business, and those fuel and maintenance bills, or massive 'new truck' payments.
Good luck!👍
Yes you are right totally about it that being a driver pays same money what you have left being an operator especially with just one truck. With second truck you have a bit more left and with third as you say you start seeing nice profit left behind. This is what we are aiming at to get the third truck and will apply for it soon. There is a shortage of trucks nowadays so this is the issue we are facing. Hopefully we will grow one day as it’s a good business to run. Are you operator yourself?
I’m a LTD lorry driver moving towards owner operator, this has been very useful.
Thanks for watching. Are you going to do CPC TM yourself or hire one out. Also let us know if you need help with anything and please don’t forget to share it around with your driver colleagues so they too maybe would like to start such business
@@AgnesMannim unsure as of yet, I've been given an offer of using a slot and a family friends o licence until I'm in a proper position to go solo I'm unsure of the real benefits to effort put in.
very informative, curious to see the follow up video on what the returns are👍👍👍
Stay tuned will defo make such video in a few weeks time
Thank you very much for your videos, please make another video about (the best truck unit for the owner operator) : the make, the cost, the year and other specifications
That is such a good idea. We sure will put something together. Thank you for the suggestion
Great video. I’m right in thinking the cost like parking , vehicle finance , deposit to Volvo. Is for two trucks. So it’s half the costs for 1 truck
I think we were talking about one truck costs and than summing up. I did explain in the video so please watch again
Thank you for this video. Am I’m currently applying for a O license now. Luckily I can take my time with fuel prices the way they are. Loved the video it helped me compare my own estimated costs.
Thank you for watching and glad it was helpful. We see the prices of fuel and drivers and trucks going up and everything else too only the customers don’t wanna pay more. It’s a strange times we live in and I’m afraid it’s not going to get any cheaper. Let us know if you have any specific questions we do offer private consultation (see details in the video description). Good luck 🤞
Really, really helpful information both of you guys sharing thank you so much 💗
Glad it was helpful!
This is probably the best video about o/o costs
Thank you. We have sold the business and moved out the UK but I’m happy you found the video useful
@@AgnesMann Any reason why you decided to move out the UK and was that the main readin for selling the business
@@maiden5427 there were many reasons but mainly kids education, work life balance and also the ever increasing cost of living in the UK. In India money goes far longer way than in the UK. This is why we had to sell the business so we can move, It would be impossible to run it from abroad
Fantastic video guys I enjoyed and I hope all the best to you👍🏽
I am planning on started the process of getting my HGV license and who knows maybe 1 day become Owner Operator 😄
I’m glad you’ve enjoyed the video. We will soon be posting more in this Series. Now just have some other content to post so stay tuned for more information re the business. Good luck in getting your HGV licence it’s definitely a good move.
Great insight guys Many thanks. Greetings from Polska.
Thanks for watching. Greetings from England.
Thanks for this high quality and informative video...thank you for sharing your experience. Good job guys.
Glad you enjoyed it! Are you owner operator as well or looking to get O licence?
@@AgnesMann I'm Owner operator already started only few weeks ago..doing traction work only at the moment.
@@mahdjoubihammadi4495 how are you finding it so far ?
@@AgnesMann container traction work is an easy job, but for sure no the best paid jobs to do, but for starters I find it very helpful to make revenue to keep rolling.
Lots of love for both of you and your family ❤️❤️❤️
Thank you so much 😊
Thank you both for sharing useful information 👊✌🏼👍🏼
Thank you for watching! Please share the video with those that would like to see it
hi Agnes, thanks for the content, you're very nice couple btw🙂 I'm currently working for some guys who started pretty same time as you started. They own at the moment 10 truck with trailers. I Don't think they will be scaling up because issues with the finding right operating center but I assume guys have nice returns rn. I and friend of mine also applied for a O license and hopefully we'll be able to strat soon, but rather stick to only one truck at the moment as kind of replacing of job for someone for being your own boss and (hopefully) have some more profits. Like you both mentioned there's a lot of challenges and it's not easy. I hope you'll do well and all the best!
Thank you Przemek. Yes it’s not an easy peace of bread but you must give it a shot as it’s definitely worth it. I wish you all the best and if you need help at any stage let us now, we are here to help. Thank you for watching
Hey ,great work guys I'm sure your hard work will pay off in the long run .I'm hoping to do the same soon although even tho I have a class 1 licence I'm hoping to start up with 18 ton rigid ,lots of people tell me it's a mistake and class 1 is the way to go ,mayb hash would agree ? ....anyway keep up the hard work .....and hash going to Turkey for transplant is going to cost you a lot of list revenue lol ........
Hi thanks for watching and commenting. If you already have a contract in place you’ll be fine to start of smaller truck. If not than you will have less opportunities for work having smaller truck but also smaller costs to run it. I’m sure you’ll be fine and if you see it’s not enough you can change later I guess
I was an owner operator in USA, and to start with truck and paperwork was 40000 dollars, but per month expenses may be 9000 dollars, but I don't recommend that 😂
Excellent insight in a very competitive market .
Very very informative ,
Keep the info rolling .
Cheers
Thank you for a feedback, glad you’ve enjoyed it. Let us know if you would like to hear about anything else in particular so we can make the video for you
Hi , very informative video. 👍
I’ve just submitted O Licence application , hoping for a decision mid / end March. Can’t wait , always up for something new & challenging. Hope to see your video re profits and if Haulage exchange is worth the money 🙂
Fingers crossed it comes through quickly and you can start your journey. Will you be using Haulage exchange too? By the way may I know how you came across our video (trying to find out if it was Yt or outside source ) thank you
Hi , I have few other things in mind bar haulage exchange , therefore I’m very interested of Haulage Exchange returns I.e what’s the average cost per mile /day / load etc. so I can compare it with other options which comes with no subscription fees.
I found you on UA-cam , first of all your Transport manager CPC video. I’m actively reading notes now , my online classroom training starts on 27th of February with exam on 8th of March. Fingers crossed I pass first time 😁
@@arthurbroks7748 haulage exchange you decide what you wanna charge but hence the competition is high you need to be careful not to overprice or else you won’t get offers accepted. We will do a video how we price the job and how we use the platform shortly. So stay tune and I hope you succeed in your TM exams at first sitting. Thank you for watching
You gotta do the kind of money you guys can make with 2 trucks. I have a trucking company in the US. Cost is much lower here apparently.
In the UK everything seem overpriced- houses, cars, trucks, finances even food! But yes we do make money to cover it and more and some months are better than the other and we will cover it in a few weeks when we have a time to film together again. Thanks for watching
Hi Agnes and Jash, very informative as usual. Shaun from Steem Trans here. We are almost there securing the operating centre in the Tilbury area. I couldn’t help hear the insurance is £1000 a month for 2 trucks. Is that correct? If so what type of insurance do you have?
Shaun
Hi Shaun hope you and Raymond are well. It’s good to hear from you and it’s great news that you are going ahead with your operators licence. As you are new business with 0years no claims bonus therefore you will pay around £1000 per month for 2 trucks. If you shop around you might get few hundred pounds off. You can try Cornish insurance 01840213836. Insurance is based on what you haul. We have the following covers Amazon,RHA,CMR,Public liability and employer liability insurance. You must inform the insurer what is the work you will be doing and they will give you what you need. Your 2nd year renewal should be around £7k for 2 trucks annually.
I will send you Jash number and it will be easy for you to contact him directly.
great video guys! very informative
Thank you. Are you too running similar business?
@@AgnesMann not at the moment but planning and doing some research.
Watching from Philippines
Amazing. Hope you find other content interesting as well
Very informative video for new beginners for running transportation business..
Glad you liked it. Are you looking to start?
I never realised that there was so much involved, I was thinking of starting my own business up north of Scotland, but think il just stick to driving the trucks for another few years 😅
yes, there is a lot to do to begin with, and even more later on... But you can make some good money actually, so it is worth it.
20k for 2 trucks 😮it’s crazy
Please cover the NET profit part as well. Thanks
We shall do. Stay tuned
Great video and information thank you 👍🏻
Thank you. Are you in the business or thinking of starting one ?
Thank you - this is very informative and interesting From a New Subscriber 🙏
Fantastic that you have found value in this. Spread it around by sharing to help others see the video too. Also are you in the transport industry?
Hi
I was an owner driver with O licence in Europe when UK was in EU few years back, I am British, and am looking to start operating in the UK, please run me through how to find a trailer if I own a tractor head. And advice in other area of the business. Thank you
we do offer consultations if that is what you are interested in? Email me on agnes.mann@hotmail.com for more info
😂😂 loved the last bit 😂 about losing hair
Hehe. He did get it fixed in the end. Are you in the business too?
Excellent video with loads of information, expensive business this trucking business.
Yes it is indeed thank you for comment. Which business are you in?
@@AgnesMann Hi im a driver, I have thought about going for O license obviously as explained by yourself and your husband its expensive start up costs plus profit is not the greatest so its a real gamble.
@@DannyT636 that is true hence we started with a partner to share the risk. It didn’t work out in the end and we ended up having to split with them but at least we are running and it’s getting better and was month by month. Depends how much risk one is willing to take and if you have such money to invest. Thank you and good luck
@@AgnesMann with this business its all about working hard because it be very successful if you work at it. At moment im just waiting for potential business partner to pass hgv before deciding on to go for O license, Thanks
@@DannyT636 in any business it’s always a matter of a hard work and same habits repeated every day. Thank you 🙏
Thanks for sharing this. Really interesting and wow a lot of costs to pay
Thank you come again
Hi Agnes, loving the transport industry videos.
May I ask you to cover what you do (with examples of poss) checking drivers hrs, what programs can be used to help. What happens with proving insurance and maintenance for example. What other things do you do, thanks
Neil
That’s great questions and I should definitely prepare something to answer these. Thank you and just out of curiosity are you owner operator yourselves ? By the name I would have thought so.
Hi, yes Neptune courier is my venture just under a year now, I used to drive 4 axel tippers (not mine) but gave up my license and went for same day courier work with the Courier Exchange (HX little brother) Studying for my transport managers at the moment, hense the questions.
@@neptunecourier I see Ok no worries I will put something together for you
After 30 years of the sorts of expenditure you kind folks mention plus decades of big companies not paying, I decided to be just a CE driver .... now with agencies and companies being responsible for all you mention I simply collect £600.00-800.00 a week for 3-4 days driving a week....I would encourage anyone to give it a go as I did all those decades ago...after turning over £millions and 60-80hr weeks, I had enough of the experience but very much enjoy being a very aware and quality driver sorting out any issues for the firm as part of driver duties. Always explain the solution achieved when calling the office not demanding help for others to sort.
Thank you for sharing your experience with us. That's a very interesting story. Maybe one day you could tell us more about it?
Very informative! Are you I'll or losing weight deliberately? Hope you succeed in your business venture!
I am not ill as far as I'm concerned and neither losing weight but thank you for your concern. And thank you for the well wishes
Thank you for such a transparent and informative video. Just a quick question: How do you price the jobs to your customer? Is it per hour or per mile or day rate?
Many thanks
Depends, mostly is per job, as you nee to take the mileage, load, and time into consideration.
Thank you guys.
Our pleasure! Are you owner operator yourself:?
Interesting vlog good information 👍
Glad you enjoyed it. Any other topics you would like us to cover?
your better working for a company or agency still long hours without the worry
That is so true especially when only owing one truck. But then if you have two trucks and they are both on the road running all the time you are starting to be better off and then also have potential to grow. It’s just how much risk one is willing to take and hustle that comes with it.
good video,why jash not start make vlog on truck?
i think young drivers like me,will find it helpful,maybe in punjabi as well it will be great 😄
That would be a good idea only that Jash is not into vlogging. But we might have something else coming up soon so stay tuned :)
Great content, please share more. Thank you
Thank you! Will do! Any particular questions you would like us to cover in the video?
That’s a extremely useful video
Glad you think so! Are you too in the business
@@AgnesMann i’m planning to start haulage company around April next year my partner has a Accounting knowledge and is a transport manager at Gist we looking to obtain o licence around June July and start trading early august
Only two units 2 LTD drivers and myself and also my partner we are hoping for a contract with gist possible 3 runs daily profiting around £100 per run
i’ll be the owner of the company and I will remain working for GIST on contract for Security and so my partner
great vid guys, thank you! I hope your business is booming! I know this might be much further down the line but at what point would you consider having your own yard, and own fuel pump etc? Say - at 5 trucks, 10 trucks?
Not too sure of the own pump at 10 trucks would be feasible but own yard for sure. We would love to have a parking space as it’s a great business. We will see what the future holds. Do you have a business yourself?
@@AgnesMann thanks for the reply. No I do not have my business, not in logistics at least and I’ll need a couple of years before I could apply for the operator licence. Until then I’ll just try to take in all the knowledge from you guys :)
@@prettyfeetpete7542 hopefully one day it will be your time to start the business. Good luck and thank you 🙏🏻 we are happy to share all the things we know
@@AgnesMann Having a parking yard and renting out the space seems like a great investment idea to generate passive income - hope you both get there.
@@LA-fr7fx absolutely. Hopefully one day we can find the land ! Thank you for comment (again ☺️)
I'm planning to start with one truck (unit only) on containers but you scare the hell out of me😪
Sorry didn’t mean to scare you. When you’re in it you just get on with it. Same as parenting- everyone knows it’s gonna be hard yet most people decide to go ahead and do it and just get on with it. Let us know if you need some consultation and we guide you so it’s a bit easier
It's great you work as a team, many couples become competitive with each other instead growing together. Tell Jash to just shave his head, he will look great . LOL
Thank you that is true but we support each other instead. After all it's all going into one pocket so it's best to be on the same page and help each other. I keep telling him this but he's fixed on getting it sorted 🤦♀️
obsessed with your videos - keep them coming - but I still have a lot to go haha
There 300 videos in my library already so yes if you want to watch all of them it will take you a few days I believe hehe. Thank you and I’m pleased to hear you’re enjoying it
I'm planning on that , yep. You guys are inspiring and so immensely intelligently organised 🧡🤍💛💚😻✅market leaders, can't wait what adventures expect you all in India 😻💚💛🤍
@@mazmedia44 thank you Maja that’s so kind of you. We have similar goals and visions yet having different skills and personalities makes us work best at achieving our goals.
Which kind of truck we should buy in UK.The one which carries more luggage or the one which takes less or small in capacity?which kind of truck gets more orders?
It really is difficult to say as I’d depends on the budget and type of work you’ll be doing. We recommend Volvo as they have best reliability
Would you guys be interested in adding another truck to the fleet? I’m thinking about starting, but it makes more sense to partner up with someone already established. I’ll be in the uk in the summer if you’re interested.
At the moment we are ok but if anything changes in the future we will let you know. When you are in the UK drop me an email and we pick up from there
@@AgnesMann Whatever you guys decide is cool with me. Keep up the good work!
First of all, thanks for information, you helps a lot 🙏🏻 i have a question:
Starting a cargo van company instead of a truck company its more profitable because of the low maintenance costs (tires, fuel, etc) or would the profit be much lower?
With trucks you will have better profits but also higher risk and costs so maybe start of Vans and expand into trucks if you feel this is the right way to grow in the future
Thanks for ur advice
Most welcome. are you applying for O licence
Hi, thanks for the video. I wanted to know little about the driver situation and how are usually drivers found ? For eg. There’s a loading point and driver is required for the job at a specific time
Hi Haseeb, thank you for the question.
I am not sure what is your question, can you elaborate please.
@@AgnesMann sorry for the misunderstanding as I’m just wanting to enter this market, but for example to avoid confusion. my question is how are drivers found and how quick is the availability? as you said their paid hourly
@@haseebmehraban443 we found our on Facebook through ads we put up on groups . They were available immediately but it’s not always the case and most times you have to wait some time.
You both looks great 👌👌👌
Thank you 😊
What about the operating centre ?
How much does it cost ?
I plan to buy 2 16 seater minibuses for school contract work.
But i need to know where to find operating centres and how much it would cost ?
Theres no information online hence why i ask.
Thank in advance 🙂
you can ask your local commercial mechanics and they should be able to help.
Nice informative video on starting a business 👍
Thank you so much. Please don’t forget to share it with those that might benefit from it. Are you in the same field?
Sure. Not yet but planning to do in the future 👍
You forgot to mention that since you started the business in a 1 year period in your current situation, how much was the profits each month average after the expensive 🤔
Hi I purposely did not mention it as we have another video coming up to talk about it. So stay tuned for it. Thank you.
@Agnes Mann that's great 👍
super😄🌷,łapka w góre
Dziekuje. Pozdrawiam 😘
Hey, quick question, I thought you had to have the vehicles in your possession (or at least, have a purchase order or lease contract in place) when applying for the operating licence, but you seem to imply you can apply without yet having them. Could you please clarify? Many thanks!
Hi
Thanks for your question
You cannot legally operate the vehicle if you don’t have an O licence. Also it will be difficult to get an insurance for a commercial vehicle with no licence as well. So yes you got it right from my video- first O license- where you specifically state how many vehicles will you be operating- then once you have approval from Traffic Commissioner- you then go and buy a truck (lease hire or purchase)
I hope that helps
It's unbelievable how much money the costs are involved...
yup. It is not the cheapest business to run with lots of overheads
Good luck!!
Thank you. Are you in a business too?
Hello Agnes, I am currently in the construction field, but I am thinking of switching to transportation. There are several offers, but I am not sure due to lack of knowledge. I am trying to choose the right direction for me.
@@felixnoibar4724 its a lot different to construction business but it’s a business nevertheless and it gets stressful as any business gets.
Very informative ,thanks 👍🏾
Glad it was helpful!Are you in the business or starting it?
@@AgnesMann three years trucking ,maybe one day ill start my own
Mechanics ??
Im confused, i meant how rent gna have to pay for operationing centres?
cost of operating centres varies from place to place. You will have to speak with the operating centre.
Thanks for information.
How much does haulage exchange charge?
around £2k a year
Hi great video guys. Just wanted to ask what’s a good price for an operator centre space. I’m getting prices ranging from £50 to £200 per week just for 1 vehicle and trailer.
Hi. It depends on the traffic area and individual centres. Where we are is around 300 per vehicle.
Thank you for the great video. I think you do not use factoring company for getting paid quickly. Isn't it worth it to use a factoring company to get a quicker cash flow? I also wonder if you invoice the customers directly? Because you use the load board, you will have several customers and it is not easy to follow up the invoices and payments. How do you deal with that? :)
Hi Dan thank you for great feedback. We do not use any factoring company as I'm an accountant so take care of it myself. We do invoice customers directly using the Haulage exchange platform as it has accounting module included and it's easy to truck who paid if used properly (again - I'm on top of it as well). I think it might be an interesting video to show how this is dealt with, what do you think?
@@AgnesMann It will be wonderful to make a video and give a tour of haulage exchange platform and all its features. To be honest I am researching about the haulage business in the UK and the information you guys are providing are so valuable to me. It mostly confirms what I have found so far about this business plus other things that i didn't know about them. Thanks again :)
@Dan. Dan that is a great idea and will relieve you of worry, you will end up paying a fee of 20% of the invoice though which is better than losing your entire bill. Some customers don't like their invoice to you to be factorised but thats their problem not yours. Many banks will do factorisation for you.
@@a320nick so far we had no issue with customers paying bills so there would be no point paying 20% to the bank. Thank you for the idea we might need to use it going forward
Hy thank you for informative videos. I just passed the PCV and CPC theory and practical . I want to start up to 16 passengers minibuses business as a school run transport, could you please help me how to get operator license, any help will be appreciated. Thank you
You can do it! You will need an operators licence for it and the process in applying is very simple please have a look here (it applies to passanger carriers as well as haulage carries so process is very simmilar )
ua-cam.com/video/1EPvwcH1DKI/v-deo.html
How much do you pay for finance for each truck after your deposite ?
all depends on current interest rated , amount of down payment and cost of the truck.
I need information on running a fleet of 5 vans. Are there any lucrative ongoing contracts?
I’m sure they are but you need to make contacts and approach the companies about it. It’s less hustle with vans and more work too so you should be ok.
Hi Agnes
Thanks for valuable information. I would highly appreciate if you can let me know how can I contact you to get your advice. I am a beginner and planning to start working as owners operator.
please email me on Agnes.mann@hotmail.com I will send you all the info.
Please do you guys use the services of a factoring company or you wait for the invoices to come due...
We waited for invoices to be paid to us.
Please stop calling your business "little" it's your business 🙂
Ok we will not refer to it as little anymore ☺️Thank you for watching
Hi,
What are you rates for traction only, minimum weekly rates or per day, also what is the rate per kilometre please.
Thank you
Hi Dominik
It will really depend on how many miles you are doing, the weigh you are pulling and the hours you are doing in the week. It usually is difficult to find traction only jobs unless you are in a contact with a company. Rate will also depend on the distance ect. It could be anywhere between £3-£5 per mile.
It is difficult to give specific numbers as it varies from job to job.
Thenx guys
Most welcome
Nice 👍 idol
Wow amazing. Thank you
Just wondering how you view the industry now fuel addblue costs through the roof. Also with the economy likely in recession later in the year with a lot of operators with trucks parked be going after the work ye are doing say put in 10 lorries at a certain rate . I’m in Ireland and see crowds that were muck shifting pulling sand trailers not pulling fridges roro trailers .not be work for them all .
I agree somewhat. Anyone thinking of starting haulage business should hold fire. I think the slowdown in transport business is related to 🇷🇺 Russia and Ukrainian also increasing in covid cases and lockdown of some cities in 🇨🇳 china. Increase in fuel ⛽️ eating into profits. This is temporary and I do believe work will pick up later into this year. Don’t be discourage by current situation .
If you have guaranteed work then go for it.
How much per mile? (Average)
The cost per mile is around £1,2- £2 depending on the distance as well
Hey, good video. How did you find a operating centre to park your vehicles?
We actually googled it. Also sometimes is easier to look for mechanics first for your PMIs and they often know which or even operate from such yard. So call them first and ask if they know of any in the area
Thanks Appreciate the response. @@AgnesMann
Thanks!
No problem are you in the business too
@@AgnesMann Thinking about it.
Make another video on profit
Everything been already mentioned in this video so not sure what else I can say. Are you going to start or are already in the business
@@AgnesMann I am looking for starting business with 2 truck what should I do Can you help us as well i am from jalandher
@@gdbrothersltd6387 I can help if you will be setting it up in the UK.
Hi guys can I was owner operater ie I man band drover my own vehical. How much would my start up be ? Roughly. Many tnks
Hi
You need 30k to start up at least. Roughly.
Thanks
@AgnesMann many thanks for speedy reply 👍 🙏
No problem poland there is any opportunity
yes, one of the fastest growing economy in europe
Sister I need ur faver if you don't mind
So for one truck you need about 18k just to get started?
I'd recommend to start of 25k as you will need cash flow for the first 2/3 months before customers start paying.
How you guys valuate work for example how much mile will cost for customer and etc. . Thank you in advance .
Kind Regards
We count the distance, conciser the load we pulling (the weight and type of goods) and time it will take us. Plus you have to consider other factors like vehicle maintenance, fuel, drivers wages. If it’s a short run you charge a bit higher rate as it’s then time In finding other load that might not be available. It really depends. You need work out what is your daily running cost and then as your margin to it so you’re not making a loss. Hope that helps
@@AgnesMann morning, do you have like formul to calculate?
No I don’t. You need to know your costs then add the margin and that would be what you need to charge
Please how do I contact you regarding trucking info/consultation?
Please email me at Agnes.mann@hotmail.com. I’ll email you the details
why don't you look to start your own accounting and book keeper practice.
A) Not my jam
B) too much hustle
C) Look at point a)
LOL
no siriously I used to think I would want to but over the years I grew to want it less and less and now I would not want it at all
on the 12k expense what's the sale estimate?
That's at around £20k turnover. It does varies depending on the months as some months are more costly due to repairs etc.
I would like to know what past experience
led you into this.
With the driver shortage, this does not make
sence.
the drivers shortage is no longer an issue I'm afraid,
having the business always brings more money than working for someone else. hope this makes sense.
@@AgnesMann Is it really your business when you pay a commission agent for your Loads and Daily Schedules?
@@noelhall945 well I don't need to prove you anything, I know whats in my bank account and what was there before when I was working for someone else. It seems you are in a rat race?
@@AgnesMann With respect - That is clearly your problem. Appreciation of a successful business is more working information than that.
Is it really your business when you pay a commission agent for your Loads and Daily Schedules?
@@AgnesMann The stance you take could be the problem. It takes more than knowing your bank balances to know if you are really running your own business.
Whomever makes up your loads and daily schedules is clearly in Control.
Where are you guys based and what is the name of your company? Thanks
We are based in Bedford and I cannot disclose the name of the company for the privacy reasons. If you would like to discuss anything in more detail or have any further questions please email me on agnes.mann@hotmail.com
Hi could you send a link for a step-by-step guide to become an owner operator if you have one so I could print off if possible pls
I don’t have one yet but I’ll put something together. In a mean time just go to gov.Uk and type operating licence so you see what’s the process. Thank you
Hello Hope you are doing good thanks for sharing your experience 😍👌
Hello Poonam. Thank you we are doing fine. Thank you for watching. Do you have any questions or topics you would like us discuss?
Thank you how are you doing with job or bussiness profession💐
@@poonamtambe6605 thank you will soon put something up together to answer your questions