stuckey_272002
no one special
- Joined
- Dec 15, 2006
- Messages
- 464
Here's some quick math on what mid-pack finishes will get you when you pre-commit. For estimation purposes let's assume 19 events and 30 hooks. This is a typical year on the NTPA/PPL combined circuit.
Show-up Money: $300/event x 19 events= $5,700
Mid-Pack Finish: $575/hook x 30 hooks=$17,250
Year end points fund (Mid-pack): $6,750
Misc Bonus: $1000
Total payout: ~$31,000
Expenses (Real numbers from 2019 season):
Fuel-$4800 (including comp fuel) and 7MPG on hauler
Entry Fees: $0-Included in pre-commit
Membership Fees: $2000
Routine Maintenance (Oil changes, tire sharpening, ether, Water Injection, supplies...etc)-$100/hook=$3000
Food/Bev (at most because most places feed you a few times and hot dogs are cheap): $100/event= $1900
Insurance for the year= $2500
Misc: $800
Net Profit: $16,000
I realize the truck and hauler aren't in this but this is after you pay and depreciate the costs as I noted above. Same thing with tools or ice machines if you choose to assign them to the business and write them off as expenses.
Yes, if you have a major rebuild or blow a charger (or three) you're going to eat a lot of your profit. If you sign up for contingencies you get discounts on those services too. The point is once you get established and depreciate your capitol costs you can show a profit. It's non-existent in the first 6-7 years but slowly builds after that. Throw in some sponsorships and sell some old parts wen you need to upgrade and you can reduce those costs even more.
if you can rebuild you're diesel for the net profit you listed of 16k after a major failure I need to sell my truck and start pulling a diesel the crank and rods in my engines cost more than that