box truck business plan example

Box Truck Business Plan Template

Written by Dave Lavinsky

box truck business plan template

Box Truck Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their box truck businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a box truck business plan template step-by-step so you can create your plan today.

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What Is a Business Plan?

A business plan provides a snapshot of your box truck business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan

If you’re looking to start a box truck business, or grow your existing box truck business, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your box truck business in order to improve your chances of success. Your box truck business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Box Truck Businesses

With regards to funding, the main sources of funding for a box truck business are personal savings, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for box truck businesses.

How to Write a Business Plan for a Box Truck Company

If you want to start a box truck business or expand your current one, you need a business plan. Below are links to each section of your box truck business plan template:

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of box truck business you are operating and the status. For example, are you a startup, do you have a box truck business that you would like to grow, or are you operating box truck businesses in multiple markets?

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the box truck industry. Discuss the type of box truck business you are operating. Detail your direct competitors. Give an overview of your target customers. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.

Company Analysis

In your company analysis, you will detail the type of box truck business you are operating.

For example, you might operate one of the following types of box truck businesses:

In addition to explaining the type of box truck business you will operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to question such as:

Industry Analysis

In your industry analysis, you need to provide an overview of the box truck industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the box truck industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your strategy, particularly if your research identifies market trends.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your box truck business plan:

Customer Analysis

The customer analysis section of your box truck business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments:individuals, families, and companies that need to transport their products and/or inventory.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of box truck business you operate. Clearly, companies would respond to different marketing promotions than individuals, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other box truck companies.

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes box truck companies such as FedEx, UPS, US Postal Service, bicycle services, hauling companies, etc.

With regards to direct competition, you want to describe the other box trucks with which you compete. Most likely, your direct competitors will be box truck businesses located very close to your location.

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

Think about ways you will outperform your competition and document them in this section of your plan.

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a box truck business plan, your marketing plan should include the following:

Product : In the product section, you should reiterate the type of box truck company that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to box truck services, will you provide GPS tracking, 24/7/365 service, client communication, and any other services?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.

Place : Place refers to the location of your box truck company. Document your location and mention how the location will impact your success. For example, is your box truck business located near a warehouse district, an office complex, an urban setting, or a busy neighborhood, etc. Discuss how your location might be the ideal location for your customers.

Promotions : The final part of your box truck marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your box truck business, including cleaning the box truck, any necessary mechanical needs the box ruck may require, fueling the box truck, marketing, and informing clients of location and status updates.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to obtain your XXth client, or when you hope to reach $X in revenue. It could also be when you expect to expand your box truck business to a new location.

Management Team

To demonstrate your box truck business’ ability to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally you and/or your team members have direct experience in managing box trucks. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a box truck business or are connected to a wide network of professional organizations that frequently utilize box trucks.

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you take on one new client at a time or multiple new clients with multiple box trucks and drivers ? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your box truck business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a box truck business:

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your box truck lease or cost, types of customer you will be targeting, and the areas your box truck business will serve.

Putting together a business plan for your box truck business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will really understand the box truck industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful box truck business.

Box Truck Business Plan FAQs

What is the easiest way to complete my box truck business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Box Truck Business Plan.

What is the Goal of a Business Plan's Executive Summary?

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of box truck business you are operating and the status; for example, are you a startup, do you have a box truck business that you would like to grow, or are you operating a chain of box truck businesses?

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Other Helpful Business Plan Articles & Templates

Business Plan Template & Guide For Small Businesses

Box Truck Business Plan [Template + Example in 2023]

Box Truck Business Plan [Template + Example in 2023]

If you're starting or running a business, including a box truck company, you should develop a business plan. This kind of plan is usually used to obtain funding or to find new partners. It will also make it easier to attract investors. Also, it gives you credibility and makes others want to work with you.

You'll need a solid business plan to start a box truck business. Your business plan needs to stand out, so make it great. While it may sound daunting, don't worry. With our Box Truck business plan template and example, you'll have no problem making one.

By using this template and example, you'll ensure your business plan has everything you need. Additionally, we'll talk about common concerns and questions you may have about a box truck business plan.

Without further ado, let's get into it!

How to Write a Box Truck Business Plan?

Every Box Truck business plan must have the following sections:

Now, let's discuss each section in detail together with examples.

1. Executive Summary

Your box truck business plan should begin with an executive summary. In this section, you explain your business's objective and describe what you plan to discuss in the rest of the document. As a result, this section should be made after the others have been completed.

A compelling executive summary will help you make a great first impression. In this section, the company's mission statement is summarized along with what it offers. Describing your experiences and why you are starting a business is also imperative.

On Long Island, New York, Transporters LLC provides short- and long-distance cargo transportation services. In addition, it offers logistics, distribution, packaging, and warehouse services.

Problem Definition & Validation: According to AMSA, the moving and storage sector is home to some of the most complex and diverse companies. It is home to both large corporations and family-run businesses. However, AMSA has noticed the industry steadily deteriorating despite its robustness.

Solution: The company suggests a distinctive strategy using operator-owned box trucks as part of Transporters LLC's moving contract fulfillment strategy. A box truck owner can earn money from their car by joining the business. The business will add them to the roster schedule as soon as they register, which will notify them according to their location.

Initial Objectives:

2. Business Overview

A box truck business plan's Business Overview section provides an overview of your business. The structure, values, mission, and products or services of your company should be included in this part.

Using this information, you can show how competitive your business is and will be in the future. It is common to refer to business overviews by many different names. Some terms used to describe them include Company Descriptions, Company Summaries, and Company Profiles.

Transporters LLC will be formed as a limited liability company. This business is a primary source of packing, moving, and storage services for light-duty furniture and appliances for residential and commercial property owners. Furthermore, the firm will offer storage, distribution, and logistics consultancy services to diversify revenue sources.

The business will be registered with the Secretary of State as a limited liability entity. Since the company plans to establish operations in the area, it will also register with the county. As the company's only owner and manager, Mr. John Doe, the founder and largest investor, will be its sole owner and manager.

3. Products and Services

In the Product and Service Section, you'll list every product and service you offer (or both). Besides stating these things, you'll also talk about how these products or services can be manufactured, sold, or delivered. Consequently, your next step is to assess your product's suppliers, costs, and market position.

Transporters LLC hopes to boost income by increasing the number of contracts for transportation and storage services. The firm competes successfully with prominent operators in the moving sector by using owner-operated box trucks to ease moving contracts. Some of the services provided are listed below:

4. Market Analysis

Box Truck Business Plans include a Market Analysis section explaining your target market. Use this section of your business plan to find out who your competitors are and who your potential customers are.

This section should include the following information:

With Transporters LLC, you can move, package, and store appliances that aren't too heavy. As a result, the company's products fall under the United States Moving and Storage industry. As a result, moving services in the US are expected to grow by USD 1.9 billion during the projection period, at a CAGR of nearly 1.8%.

5. Marketing Strategy

The marketing strategy section of your business plan tells you how you plan to reach people. Companies use marketing strategies to convey their customer's key messages and value propositions. Here you can learn how to reach your target market, what motivates them, and how to make them buy your product.

Transporters LLC will contact prospective clients by cold calling or email to set up pitch meetings. It's an excellent chance for the company's sales reps to sell the product catalog directly.

The firm will advertise in niche trade journals like Boston Magazine to reach the right target markets.

Transporters LLC will build a presence at several trade shows focused on the target market. An example is Multimodal, the US's flagship event for supply chain management, logistics, and freight transport.

An attractive and polished website will cater to specific markets and charges. We'll focus on Google AdWords, which is more likely to generate business leads (like Facebook). The advertisement will target specific keywords related to Transporters LLC's product, like "moving services," "temporary storage," etc.

6. Financial Planning

Your business plan's financial planning section tells you your business's goals and how you'll get there. A financial plan is a strategy designed to assist businesses and individuals in becoming financially successful in the long run.

To start and establish the company in the US, the company plans to raise $45,000 in equity through long-term debt. With aggressive marketing, networking, first-rate customer service, and expanded carrier capabilities, the firm predicts breaking even in Year 2 and progressively growing.

7. Operations Plan

In your Operations Plan, you outline the plan for the execution of actionable steps your team will take to achieve your strategic goals. Throughout this section, you will find a listing of each department's daily, weekly, and monthly responsibilities for each employee.

Transporters LLC will have an office in Long Island, New York. The region has an excellent business climate with a history of being top for new businesses, a 5-year survival rate, and Main Street Entrepreneurship. Additionally, Long Island entrepreneurs benefit from low operational costs and competitive tax rates.

Transporters LLC will work an 8-hour shift from 9 am to 5 pm. All moving contracts will be handled during the 8-hour workday. Any contracts received after the workday shift will be pushed to the next working shift. With moving and transport being labor-intensive, this helps the company's contracted carriers maintain an excellent work-life balance.

8. Management Team

A section in your business plan for the Management Team will give a detailed overview of the whole staff and everyone involved in your organization. Your box truck business must have an effective management team if you want it to succeed. In addition, if you want to prove your company's growth potential, you need to highlight the skills and experience of your key players.

Your team members and you must have direct experience in the industry that you are targeting. The importance of highlighting the expertise and experience of the candidate is therefore crucial. You may also include any experience that will be helpful to your business in this section.

During his 15 years of management and administrative experience, Mr. Doe participated in various corporate growth initiatives. His ability to attract influential people and build lasting commercial partnerships helped her advance in responsibility and capability.

The company plans to hire two full-time equivalent positions during the first four years. Two newly-hired people will take on the roles of sales representative and transportation and logistics manager.

Box Truck Business Plan PDF

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Box Truck Business Plan FAQs

Below are some of the frequently asked questions you may have about Box Truck Business Plans:

What Is a Box Truck Business Plan?

Various types of business plans exist, and the Box Truck Business Plan is no exception. If you provide detailed information about your business through a business plan, you can attract investors, obtain funding, and cooperate with other businesses.

The Box Truck business plan provides detailed information about the company, such as its structure and operations. Throughout the report, you will find information concerning the operation's finances, marketing, and management. Whenever possible, businesses must consider several factors, such as start-up costs, market research, mission statements, and succession planning.

Why Is a Box Truck Business Plan Important?

A business plan is an essential component of starting a box truck company. A business plan outlines the goals of the company and outlines the structure of the company. Moreover, you will have a flow that can be followed or changed as necessary.

If you are hiring and training employees, seeking investors, or adjusting your pricing strategy, having a Box Truck business plan would be helpful. Hence, you should make one regardless of whether your business is still in the process of being launched or if it has already been launched.

Is Owning a Box Truck Profitable?

Since the demand for moving and trucking services is constant, a Box Truck Business can always be profitable. As such, it's an excellent choice if you're gearing toward launching a business.

Whether you provide it yourself or hire a service provider, superior customer service is essential. Management of your box truck business will significantly impact its profitability.

The first step in opening or operating a box truck business is to develop a business plan. The creation of a plan will enable you to identify your strengths, your competitors, your goals, and your workflow. In addition, a solid business plan can help secure grants or investors if you require funding.

Using this template, you can develop a Box Truck Business Plan that contains all the necessary information and elements. Then, based on our examples, you can develop your business plan.

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Home » Business ideas » Service Industry

How to Write a Box Truck Business Plan [Sample Template]

Are you about starting a box truck company ? If YES, here is a detailed sample box truck business plan template & FREE feasibility report. The moving and storage industry is a $15 billion industry in the United States. About 42 million families each year use a moving company, or pay in some other way for their relocation.

And international moving companies are growing as fast as domestic ones. The industry promises a good level of success when one diligently seeks to do what is required of them. It is no surprise that there are lots of people already making it big in this business.

A Sample Box Truck Business Plan Template

1. industry overview.

A box truck which is also known as a box van, cube van, rolling toaster or cube truck—is a chassis cab truck with an enclosed cuboid-shaped cargo area. On most box trucks, the cabin is separate to the cargo area, however some box trucks have a door between the cabin and the cargo area.

The difference between a box truck and a van is that the cargo van is a one-piece (unibody), while a box truck is created by adding a cargo box to a chassis cab. Box trucks are often used by companies transporting home appliances or furniture, or are used as moving trucks which can be rented by individuals.

According to the American Moving and Storage Association (AMSA) – America’s moving and storage industry is one of the most complex and diverse collection of businesses in the country. It consists of large corporate organizations and “mom-and-pop” operations; of chief executive officers working in corporate suites and independent business people working in their trucks; and of van lines, their agency systems and independent movers.

Box truck business is classified under the moving and storage industry in the U.S and this industry is as diverse as the country itself. The industry’s national trade group, AMSA represents all facets of the industry: agents, forwarders, independent carriers, international movers, suppliers and van lines.

Statistics has it that The Moving and Storage industry in the united states of America consists of 7,000 companies operating at 13,900 locations primarily providing moving and storage services for household and office goods. Major names in United States include van lines, van line agents, independent full-service movers, international movers, forwarders, and auto transporters.

The moving and storage industry employs 122,600 people with an annual payroll of $3.6 billion and it is composed of mostly individual van/truck owners operating their businesses on a small scale.

General statistics on the moving and storage industry shows that 47.8 percent of companies in the industry employ fewer than 5 people. Only 8.5 percent of industry companies employ 100 or more people. AMSA members report operating a fleet of 50,000 trucks 32,000 tractor units for pulling semi-trailers and 18,000 straight trucks, regulated by the U.S. Department of Transportation and state motor vehicle agencies.

AMSA consists of more than 4.000 member companies, including: 150 companies in 85 countries outside the US and 200 companies in the industry’s supply chain.

The basic services rendered by the operators in the moving and storage industry include local and long-distance transportation of household and office goods; warehousing and storage services; packing and packaging services; process, distribution, and logistics consulting; merchandise sales and other services.

With the advancement of technology and the sole need for every individual is to live in a comfortable house, the moving industry keeps going high. As home sellers, buyers and renters prepare for 2016, hiring professional movers is likely to be on their moving checklist. It is anticipated that the five trends will be prevalent in the moving industry in 2016

Starting and operating a box truck company can be capital intensive and challenging, but the truth is that it can be rewarding at the same time. One good thing about the industry is that it is open for both big time investors who have the capacity to start the business with a fleet of trucks and aspiring entrepreneurs who may want to start with just one truck.

2. Executive Summary

Trans Terrestrial® Box Truck Company, Inc. is a registered and licensed box truck company that will be based in Brooklyn Park – Minnesota. We will provide local and long-distance transportation of household and office goods; warehousing and storage services; packing and packaging services; distribution, and logistics consulting; merchandise sales and other related services.

We will provide daily services all around Minnesota and across the United States of America. Trans Terrestrial® Box Truck Company, Inc. has been able to secure all relevant license and permits to operate throughout the United States.

We will ensure that we abide by the rules and regulations guiding the Moving and Storage industry and we will only hire experienced and qualified drivers with valid commercial driver’s license (CDL) to handle our vans and trucks. Our customers can be rest assured that they will get quality services at competitive rates.

We will go the extra mile to ensure the safety of goods under our care and our customers get value for their money. At Trans Terrestrial® Box Truck Company, Inc. our goal is to provide excellent service to our customers and we pride ourselves on the integrity and competence of our company and employees.

Trans Terrestrial® Box Truck Company, Inc. will ensure that all our deliveries of goods are on time and we supersede the expectation of our customers. We will only put box trucks and vans that are in top shape on the road, and all our drivers and materials handlers will be trained to be extra careful, pay attention to details, courteous, friendly and to abide by the rules and regulations of the industry.

We are quite optimistic that our values and quality of service offering will help us drive our business to enviable heights and also help us attract the number of clients that will make the business highly profitable. We are a company that will be dedicated to establishing good business relationship with our clients giving them value for their money and reasons for them to hire our services over and over again.

We are open to the use of latest technology in the Moving and Storage industry. No doubt our excellent customer service and the quality of services we offer will position us to always welcome repeated customers and handle massive deals both from government agencies and industrial giants.

Our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

Trans Terrestrial® Box Truck Company, Inc. is a family business; it is owned by Mr. Peter Samuel. The company will be fully financed by Peter Samuel and his immediate family members. Peter has a diploma in Transport and Logistics Management and over 13 years’ experience in the Moving and Storage industry.

3. Our Products and Services

Trans Terrestrial® Box Truck Company, Inc. is established with the aim of maximizing profits in the Moving and Storage industry. We want to compete favorably with the leading box trucks companies in the United States which is why we will ensure that every service carried out meets and even surpasses our customers’ expectations.

Our service offerings are listed below;

4. Our Mission and Vision Statement

Our Business Structure

Our business structure will be designed in such a way that it can accommodate both full and part-time/contract staff; those who just want to take some time off to generate additional incomes. Adequate provision and competitive packages have been prepared for our employees.

At Trans Terrestrial® Box Truck Company, Inc. we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders.

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. For now, we will contract the maintenance of our box trucks to service provider, we don’t intend to maintain a very large overhead from the onset.

But as soon as the business grow and stabilize, we will assemble our own in-house maintenance team. Below is the business structure and the roles that will be available at Trans Terrestrial® Box Truck Company, Inc.;

Chief Operating Officer (Owner)

Admin and HR Manager

Transport and Logistics Manager

Marketing and Sales Executive (Business Developer)

Box Truck and Van Drivers

5. Job Roles and Responsibilities

Chief Operating Officer (Owner):

Marketing and Sales Executives (Business Developers)

Material Handlers/Forklift Operators

Customer Service Officer

6. SWOT Analysis

Going by our vision, our mission and the kind of business we want to set up, we don’t have any other option than to follow due process. Following due process involves hiring a business consultant to help us conduct SWOT analysis for our business.

Trans Terrestrial® Box Truck Company, Inc. hired the services of a seasoned business consultant with bias in startups in the U.S. to help us conduct a thorough SWOT analysis. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Trans Terrestrial® Box Truck Company, Inc.;

Our strengths are strong management, strong fleet operation, our transportation network, size advantages, cost advantages, customer loyalty and strong reputation amongst domestic and industry players.

Our business is centrally located in a densely populated industrial and residential estate in and around Brooklyn Park – Minnesota; our location is in fact one of our major strength. Another strength that counts for us is the power of our team; our workforce and management.

Our weakness could be lack of finance, high debt burden, cost structure, lack of scale compared to our peers who have already gained ground in the industry.

As a new business which is owned by an individual (family), and we may not have the financial muscle to sustain the kind of publicity we want to give our business. As a new business, we are also quite aware that it will take time for us to build trust with our clients.

Opportunities:

The opportunities that are available to us as a box truck company in the United States are online market, new services, new technology, and of course the opening of new markets. We are centrally located in one of the busiest industrial areas in and around Brooklyn Park – Minnesota and we are open to all the available opportunities that the city has to offer.

Our business concept also positioned as the preferred choice in and around Brooklyn Park- Minnesota. The truth is that there are no standard and well – equipped box trucks company within the area where ours is going to be located; the closest box trucks company to our proposed location is about 15 miles away. In a nutshell, we do not have any direct competition within our target market area.

Some of the threats that we are likely going to face are mature markets, bad economy, stiff competition, volatile costs, and rising fuel prices.

Other threats that are likely going to confront Trans Terrestrial® Box Truck Company, Inc. are unfavorable government policies, seasonal fluctuations, demographic/social factors, downturn in the economy which is likely going to affect consumers spending and of course emergence of new competitors within the same location where ours is located.

7. MARKET ANALYSIS

Market Trends

The market trends as it involves the Moving and Storage industry especially in the United States is indeed dynamic and at the same time challenging. But one thing is certain, once a box trucks company can gain credibility, it will be much easier for the company to secure permanent deals/contracts with big time merchants and warehouse operators who are involved in moving goods on a regular basis.

The demand for the services of box trucks companies is highly correlated with consumer spending. With the advancement of technology and the need for every individuals is to live in a comfortable house, the moving industry keeps souring high.

Some of the major factors that count positively in this line of business are competence, trust, honesty, good relationship management and of course timely and safe pick-ups and deliveries.

8. Our Target Market

Our target market is basically everyone who has cause to move light goods and materials from one location to another. In other words, our target market is the whole of the United States of America and below is a list of the people and organizations that we have plans to do business with;

Our competitive advantage

Our major competitive advantage is the vast industry experience and solid reputation of our owner Mr. Peter Samuel, and of course our management team. Trans Terrestrial® Box Truck Company, Inc. no doubt is a new box trucks company, which is why we took our time to do a thorough homework before launching the business.

We were able to highlight some factors that will give us competitive advantage in the marketplace; some of the factors are trust, honesty, good network and excellent relationship management strong management, strong fleet operations, our transportation network, our size advantages, cost advantages, supply chain, customer loyalty and strong reputation amongst domestic industry players.

Another competitive advantage that we are bringing to the industry is the fact that we have designed our business in such a way that we can comfortably work with both small and large agencies.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and objectives.

9. SALES AND MARKETING STRATEGY

Sources of Income

Trans Terrestrial® Box Truck Company, Inc. will ensure that we leverage on our strength and the opportunities available to us in the U.S. market to generate enough income that will help us drive the business to stability. Below are the sources we intend exploring to generate income for Trans Terrestrial® Box Truck Company, Inc.;

10. Sales Forecast

We are well positioned to take on the available market in the U.S. and we are quite optimistic that we will meet our set target of generating enough income/profits from our first month or operation and grow the business and clientele beyond Brooklyn Park, Minnesota to other states in the U.S.

We have been able to examine the Moving and storage industry, we have analyzed our chances in the industry and we were able to come up with the following sales forecast. Below is the sales projection for Trans Terrestrial® Box Truck Company, Inc., it is based on the location of our business and our competitive advantage;

N.B : This projection was done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

Marketing Strategy and Sales Strategy

The marketing strategy for Trans Terrestrial® Box Truck Company, Inc. is going to be driven basically by professionalism, excellent customer service, honesty and quality service delivery. We will ensure that we build a loyal customer base. We want to drive sales via the output of our jobs and via referral from our satisfied customers.

Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets. Trans Terrestrial® Box Truck Company, Inc. is set to make use of the following marketing and sales strategies to attract clients;

11. Publicity and Advertising Strategy

Any business that wants to grow beyond the corner of the street must be ready to utilize every available means to promote the business. We intend growing our business beyond Minnesota which is why we have perfected plans to build our brand via every available means.

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. Below are the platforms Trans Terrestrial® Box Truck Company, Inc. intend leveraging on to promote and advertise her box truck business;

12. Our Pricing Strategy

Trans Terrestrial® Box Truck Company, Inc. has a lease arrangement with various companies and the company’s pricing is based on miles per tons of goods transported. We have perfected our plans to charge competitive rates since we have minimal overhead compared to our competition in the industry.

Our prices will be affordable and negotiable. The fact that our business door is open to both individuals and corporations means that we will have different price range for different category of clients. As the business grow, we will continue to review our pricing system to accommodate a wide range of clientele.

Payment Options

Our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them but at the same time, we will not accept payment by cash because of the volume of cash that will be involved in most of our transactions.

Here are the payment options that Trans Terrestrial® Box Truck Company, Inc. will make available to her clients;

Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash.

13. Startup Expenditure (Budget)

This is what it would cost us to start Trans Terrestrial® Box Truck Company, Inc. in the United of America;

Going by the report from our market research and feasibility studies, we will need about $900,000 to set up our box truck business in Brooklyn Park, Minnesota.

Generating Funds/Startup Capital for Trans Terrestrial® Box Truck Company, Inc.

Trans Terrestrial® Box Truck Company, Inc. is owned by Mr. Peter Samuel. He will be the sole financier of the company but may likely welcome other business partners when need for expansion arises. These are the areas we intend generating our startup capital for our business;

N.B: We have been able to generate about $200,000 (Personal savings – $150,000 and soft loan from family members – $50,000) and we are at the final stages of obtaining a loan facility of $700,000 from our bank. All the papers and documents have been signed and submitted.

14. Sustainability and Expansion Strategy

Part of the plans we have to sustain Trans Terrestrial® Box Truck Company, Inc. is to ensure that we continue to make available reliable box trucks, deliver quality services, improvise on how to do things faster and cheaper. We are not going to relent in providing conducive environment for our workers and also the required trainings that will help them deliver excellent services at all times.

We are quite aware that our customers are key component to the growth and survival of our business hence we are going to continuously engage them to give us ideas on how to serve them better. Trans Terrestrial® Box Truck Company, Inc. will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of.

Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List/Milestone

Frequently Asked Questions

How do you start a box truck business.

Here are simple steps to follow to start your own box truck business.

What Are Some Ideas For A Box Truck Business?

How Do You Become A Box Truck Owner Operator?

In order to become a box truck owner-operator, you are expected to first own a well-maintained box truck. Additionally, you must hold a valid driver’s license. Most companies will require their drivers to pass a background check and vehicle inspection. It is also helpful to have a hitch and lift gate installed on your box truck.

How Much Is A Used Box Truck Worth?

Below is pricing guide based on industry averages to give you an idea of what you can expect to pay for your used box truck.

How Much Is Insurance For A Box Truck?

Box truck insurance generally costs about $2,000 – $40,000 per power unit per year.

What Business Can You Start With A Small Box Truck?

Owning a small box truck gives you the chance start a business like; junk removal business, turning it into a food truck, provide moving services, or even mould something that fits into your schedule best as an independent contractor.

What Type Of Insurance Is Needed For A Box Truck?

If you’re a private carrier, you will need to purchase basic box truck insurance coverage like Liability insurance that can cover injuries or damage to people or property if you’re at fault in an accident. Also consider getting a Physical Damage Coverage that protects your vehicle if it is damaged in an accident.

Do You Need CDL for 24 Ft Box Truck?

Yes, you need a CDL to rent a medium-duty truck (22- or 26-foot box truck, 18- or 26-foot refrigerated truck, or 24- or 26-foot flatbed truck) as long as it has a GVWR of 26,001 lb. or more.

Can You Drive A Box Truck Without A CDL?

No, you may not need a CDL to drive a box truck. The parameters for whether or not you need a CDL to drive a box truck are actually quite simple. If the Gross Vehicle Weight Rating (GVWR) is above 26,000 pounds, you need a commercial driver’s license (CDL) to operate it.

How Much Money Can You Make Owning A Box Truck?

As of Apr 9, 2022, the average annual pay for a Box Truck Owner Operator in the United States is $110,275 a year, and this works out to be approximately $53.02 an hour. This is the equivalent of $2,121/week or $9,190/month.

How Do You Start A Commercial Truck Business?

How Do You Go About Starting A Truck Delivering Business?

What Do You Need In Order To Start A Truck Dispatching Business?

Do Box Trucks Have To Stop At Weigh Stations?

Yes, all vehicles registered as trucks are required to stop at motor carrier safety and weight inspection stations when signs direct them to do so.

How Much Does It Cost To Start A Box Truck Business?

An initial cost you can consider when starting your box truck business is about $6,000 to $15,000 (not including your equipment).

How Much Does A 26 Ft Box Truck Weigh?

How Big Of A Box Truck Can You Drive Without CDL?

Box trucks that have a GVWR of less than 26,000 pounds do not require a CDL holder to drive them.

Can You Make Money With Straight Truck Or Box Truck?

A box truck business is one of the profitable types of businesses yet also the most competitive. While many box truckers are lucky enough to experience success at the start, the chances of it continuing only diminishes as time passes.

How Can You Make Money With A 16ft Box Truck?

Can You Start A Trucking Business With One Truck?

Yes, when starting your trucking company you can buy or lease just one truck depending on what suits your needs best.

How Much Does A 26ft Box Truck Cost?

Between $50,000 and $90,000.

How Much Do Amazon Box Truck Drivers Make?

According to Glassdoor, Box Truck Driver salaries at Amazon can range from $18-$42/hr.

How Do You Start A Light Pickup Truck Delivery Business?

To start this business, here are steps to take;

What Is The Most Reliable Box Truck?

Isuzu N-Series: The Japanese automobile manufacturer, Isuzu, produces box trucks that are known for their reliability, fuel efficiency, and durability. In particular, the Isuzu N-Series, or NPR, is a perfect choice for those who value dependency and high performance.

How Much Does It Cost To Start A Trucking Company?

An initial cost you can consider when starting your trucking company is about $6,000 to $15,000 (not including your equipment). This includes registration and formation documentation that, on average, cost from $900 to $1,500. IRP plates could cost you anywhere between $500 to $3,000 per truck.

How Many Miles To The Gallon Does A Box Truck Get?

According to industry experts, smaller trucks (10 through 14 feet) usually average 8 to 10 miles per gallon. Medium trucks (15 through 19 feet) average about 6 to 8 miles per gallon. Larger trucks (over 20 feet) will get about 4 to 6 miles per gallon.

How Many Miles Will A Box Truck Last?

Box trucks can last 15 million miles with proper maintenance.

How Much Do You Pay For Box Truck License, Permits Registration?

The exact cost to get a box truck license and Permits registration will vary from state to state. For instance, the permit fee in Arizona is based on the permit length of the period requested.

I’m In the Process of Starting a Box Truck Business, What Names Can I Call It to Make It More Appealing To Clients?

How Do You Start A Truck Business Without A Truck?

You can start a truck business without a truck by using leased contractors. When you leverage these contractors, you profit from their trucks and labours, while they profit off your authority and liability.

What Is The Smallest Box Truck?

10-foot box truck.

How Do You Start A Truck Business Without Having To Drive It?

Trucking is a huge industry, and there are lots of ways to do this without having to drive it, and they include;

How Can You Start A Trucking Business With No Money?

It costs a lot to set up a trucking company. The good news is that you may not have to pay for it. If you’re wondering how to start a trucking company with no money, the answer is simple: find the right financing. While traditional financing will still cost you, certain options allow you to start up without any out of pocket costs.

How Do You Make 150k A Year Using A 24 Foot Box Truck?

It can be pretty hard to make $150K a year using a 24 foot box truck. There is too much competition and unused cargo capacity on the road for one operator to make that much with a single truck.

What Does A Successful Day As An Exclusive Loader Look Like?

Junk removal jobs tend to involve driving, lifting and loading heavy items or a lot of items. Some larger jobs may involve cleaning out garages, storage units, and basements full of junk that haven’t seen daylight in decades. Many Exclusive Loaders have days where they only pick up returns!

After you have picked up the items for return or disposal, you will choose what to do with that item. Most days you’ll haul between one and three items per job.

But How Much Does It Cost To Start A Trucking Business?

Cost for starting a trucking company includes:

How Do You Start Your Own Trucking Company In Canada?

The step by step information to open a trucking company is as follows.

How Much Do Amazon Prime Drivers Make?

All standard Amazon drivers — including those who work for local delivery service partners (DSPs) instead of directly with Amazon — make a minimum of $15 per hour with opportunities for higher earnings based on experience. This excludes those who work for Amazon Delivery franchises.

How Much Is Truck Insurance A Month?

Truck insurance can be as low as $100 per month.

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COMMENTS

Box Truck Business Plan Template [Updated 2023] - Growthink
For example, you might operate one of the following types of box truck businesses: Moving van box truck: this type of box truck company specializes in moving families, individuals, or companies to move their household items or office items to a new location.
Box Truck Business Plan [Template + Example in 2023]
Every Box Truck business plan must have the following sections: Executive Summary Business Overview Products and Services Market Analysis Marketing Strategy Financial Planning Operations Plan Management Team Now, let's discuss each section in detail together with examples. 1. Executive Summary
Box Truck Business Plan [Free Template] | Upmetrics
– Box Truck business plan example created using upmetrics business plan software to start writing your business plan in no time. Before you start writing your business plan for your new Box Truck business, spend as much time as you can reading through some samples of Transportation Business Plans.
How to Write a Box Truck Business Plan [Sample Template]
A Sample Box Truck Business Plan Template 1. Industry Overview A box truck which is also known as a box van, cube van, rolling toaster or cube truck—is a chassis cab truck with an enclosed cuboid-shaped cargo area. On most box trucks, the cabin is separate to the cargo area, however some box trucks have a door between the cabin and the cargo area.
Box Truck Business Plan Example | Upmetrics
BUSINESS PLAN [YEAR] Box Truck A truck fills your house and office. John Doe 10200 Bolsa Ave, Westminster, CA, 92683 (650) 359-3153 [email protected]
Box Truck Business Plan Template - Plan in 1 Day
Check out these six free, proven business plan examples from different industries to help you write your own. Get Free Business Plan Examples Pdf Sources of Box Truck Funding An a box truck business is mostly funded by personal savings, credit cards, bank loans, and angel investors.