Yes
They insist on a lease transit Connect and take 1% of all work
They run websit and leaflet etc
1%? It will cost them more a month to run a computer system to keep track of your monthly work. You mean 9% of sales. (I've looked more closely at the details.) That's before any expenses.
So whilst the £1000 income from month one sounds good, is it?
Lets use the £1000 figure. You now need to remove their 9% monthly fee. That leaves you will £910.00.
I don't know what the lease figures are as it will depend on mileage, maintenance or non maintained lease etc. but I would guess at around £175 per month + VAT = £210.00
That leaves you with = £700.00
Now you need to consider the day to day running expenses. We do very limited mileage and I use a tank of diesel a month. Then there is liability insurance as well as van insurance.
Diesel = £45.00
Liability Insurance = £16.00 per month.
Van insurance = depending on drivers age and previous claim history = £40.00 per month (might be a bit less.)
If you are on a meter = 16000 liters at £6 a cu meter could cost you £95.00 (Someone on the forums said water was £6 per cm, but as I'm not on a meter I don't know if this is correct.)
Mobile phone costs, etc still to be added.
That leaves you less than half what you started with.
We calculated that our monthly expenses represent 40% of our turnover, and that excludes what we earn - that's just running costs. I don't have a lease vehicle.
You need to have a lot more than k10 in the bank to get yourself started as you will have to survive for many months by supplementing living expenses from your saving.