To Earn £1200 per week in my firm it costs 15% fuel which is £180.00 and my drivers only need to do 700 miles to earn this all local miles or a maximum of 900 miles if airports and so on..
We have very good tariffs in our area
Our 10 mile trip on Tariff 1 (6am - 11pm) is £24.00 approx
Our 10 mile trip on Tariff 2 (11pm - 6am) is £36.00 approx
I guess the firms you work for, a 10mile trip will be like £15 for t1 and t2 like £24? (around these figures)
So lets have a breakdown to shut you all up...
A driver who works for me on 40% who does 12 hours a day earns..
5am - 5pm (mon - fri) minimum sale £150, maximum sale £230 (depends on the day) so thats £750 minimum for 5days
then...
Saturday 5am - 5pm they take min £170, max £190 (depends on the day) so thats £170
Sunday they do 5am - 6pm they take minimum £150, maximum £180.. so thats £150
Total up all the minimums £1070
Total up all the maximums £1500
Add them together £2570 divide by 2 = £1285 average
So then they take 40% £514 on this wage but drivers are soo greedy and they [edited by admin] about...
So I decide to rent that vehicle... for £350 per week, so they earn the same £1285 per week, they give me £350, fuel £200 (max) so thats £550
£1285 - 550 = £735 in there pocket
there you go, understand the bloody concept. its not slave labour its called working hard and not being lazy, taxi is not a office job which is 9am til 5pm you wont earn nothing, you have to put the hours to earn. you lot are all doughnuts and chat out of your bumhole
roythebus wrote:
My current car, Toyota Auris hybrid is on a 2 year lease to see how it pans out for p/h work in a rural area, so if it doesn't prove economical, it can go back and I'm not lumbered with a black sheep. costs per mile to run is 37.21p on 30,000 miles a year. My Chrysler Voyager is 58.24p a mile also on 30,000 a year (car fully paid for).
I choose not to do every job that comes in because sometimes they're just not worth it. airport runs, all over a 200 mile round trip from here to Heathrow/Stansted, and the punters don't want to pay much more than £80! That's less than 50p a mile for up to 5 hours work, so not economical at all. So the £80 trip would cost £74 without allowing for my time at £8 an hour minimum wage, another £40.
OK, the cost per mile goes down the more miles you do, but then the tax bill goes up and you end up working just to pay more tax. I'm currently working on a graph that shows the optimum annual mileage; there must be a balancing figure where cost per mile=decent earning without being clobbered for too much tax.
So, let's look at the guy paying £350 a week for his cab, supposedly earning £1200 a week. That's £17500 a year for the car, assuming 50 weeks hire. £1200 earnt a week is £60,000 a year gross, less £17500 is £42500. Less 20% tax is £34000 a year net. Yes, I know he has to pay petrol money out of that but by the time that happens, and to take £1200 a week you'd have to do about 1000 miles a week, at 35mpg is about £200 a week in fuel.
We end up with £100 a day to take home, working say 12 hours a day is about £12 an hour. So you've worked 3600 hours a year for £12 an hour and paid the taxman over £8k. A 40 hour week for 50 weeks means you work 2000 hours a year. My car does 30,000 miles a year at £1 a mile (loaded and unloaded) so I work far less for much the same end result and pay very little in tax!
i know there's mistakes in the above figures as it's "back of a beermat" calculations, but they won't be that far out. As one of the avatars on here says, turnover is vanity , profit is sanity.
z