New to the forum here and have a question about profitability of running a used Type I fireline water tender for the CALFIRE hired equipment program. Im going to throw together some numbers below and let me know your thoughts or if I am missing something. This assumes a Type I water tender on extended rate with two operators (both owner/operators). Vehicle is used (100k) and financed over a 5 year term at current rates (roughly 4%).
CALFIRE Type I extended rate: $3085.00/day
Food: $65/day/person ($130 total/day)
Truck Payment: $71/day
Insurance (GL+Commercial Auto): $53/day
Total Credits: $879/day*(does not include vehicle depreciation)
Profit: $3085-$879 = $2206.00/day = $1103.00/owner operator/day
Assume you run 90 days out of the year: $99,270/owner operator
Less continued truck payments and insurance for remaining 275 days: $82,220.00/owner operator
Assume you run 60 days out of the year: $66,180/owner operator
Less continued truck payments and insurance for remaining 305 days: $28,360.00/owner operator
Assume you run 30 days out of the year: $33,090/owner operator
Less continued truck payments and insurance for remaining 335 days: -$8,450.00/owner operator
Not terrible if you can get 90 days of straight work.
Thoughts? Missing anything? Yes, I know you can put the truck to work the rest of the year doing construction spray day and what not.