[STEVE-UK]

I have just been thinking as you do...

You guys running a multi van business on an employment basis, what is your profit margin in %  after all expenses?

[Knocker]

5.5%

[sunshine windows]

Should be around 30-40% profit I reckon

[Leeds]

That's about right Sunshine, 30-40% employee wage, 25% tax 5% expenses, 30/40% profit

[STEVE-UK]

Sounds a high percentage for net profit

Are you taking into account -
Accountants fees for being VAT registered
Unit
Employee liability insurance
Holiday / sick Pay
Business rates if applicable
fleet insurance
Tracker
Water
Filters
Office staff
Equipment, poles etc
Van payment for contract hire or used van purchases every few years &  maintenance costs

There is probably more...

[Arnold Palmer]

5% expenses. Love it.

[Lee Pryor]

Steve 20-25% net

There's your best answer

[steve rix]

If its just one extra van the margins will be higher. The more vans you add the  margin % falls but overall profit rises

[STEVE-UK]

Thanks Chaps...Thats the answer I was expecting as is the national average for UK companies

Lee, I pinged you an email in the week

[Smudger]

That's about right Sunshine, 30-40% employee wage, 25% tax 5% expenses, 30/40% profit

 

[Arnold Palmer]

That's about right Sunshine, 30-40% employee wage, 25% tax 5% expenses, 30/40% profit

 

What's up with that? 5% expenses.

Seems legit. Right?

[Smudger]

Of course 

[Leeds]

That's about right Sunshine, 30-40% employee wage, 25% tax 5% expenses, 30/40% profit

 

What's up with that? 5% expenses.

Seems legit. Right?

Depends what people define as expenses? Weather you use your vehicles strictly for work or not? Weather employee costs go in the "expenses" box or the "wages" box. So Broad questions get vague answers! 

[Nameless Drudge]

Year on year a  business running at 9 % net would be considered successful as turnover increases. Just my twopence worth before you remortgage. And that means getting everything right.

[Susan Dean (1stclean)]

depends on the work and how its priced , the rest is the same wether you have 1 van or 12

[Lee Pryor]

Thanks Chaps...Thats the answer I was expecting as is the national average for UK companies

Lee, I pinged you an email in the
week

I'm in Tenerife. Back to work on Thursday mate.

[Dave Willis]

Hey, lets rob your house!

[ChumBucket]

Hey, lets rob your house!

His mum and dad will still be there!   

[Stoots]

Hey, lets rob your house!

His mum and dad will still be there!   

ohhhhhhh damnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn!!!

[martin hulstone]

5.5%

I spend near enough that on fuel alone!