Don't worry anytime I feel low, I just look out my front door at the 750K in equipment stacked in my front yard, and I remember that I own the largest tree service in Charleston.
Two Grapple Trucks
Bucket Truck w/ Forestry Package
Two Vermeer BC 1800s
25yd Chip Truck
Dump Truck
Bobcat T300
Bobcat 870 w/ Forestry Cutter
Mini Skid Steer w Grapple
20' Dump Trailer
Several Equipment Trailers
Tub Grinder
Several Large Pickup Trucks
Heads up my friend - since you posted this note your fleet is now only worth $749k due to depreciation. By the end of this month your "empire" will only be worth $742k. Based on standard equipment depreciation rates you're losing $75k per year on your "empire". Investors on the Dragon's Den or similar personalities of great fiscal success would heavily critique your investment vs. ROI model.
Wow how far I've come so fast, having started this company with only a dream, only to find myself in the midst of an empire I created, 30K in the bank, 30k owed to me in 30 day nets, and another 30K scheduled on the books to complete. Oh the struggle.
$650k per year = $54k per month
$30k in backlog indicates <2.5 weeks of work backlog. That's abysmal. We run a 6-8 sometimes 12 week backlog.
Additionally your numbers indicate your averaging $2700/day on a 12 month year.
You're averaging $675/day on your heavy production vehicles only (grapples, bucket, chipper truck)
I don't care if you're a cowboy, a hack, Shigo the re-incarnate or the Messiah - your numbers suck.
You also have to brush your teeth in the morning with your fleet outside the window - indicating the business isn't self sustaining and generating profitability to permit real estate investment.
Not to say I am the best investor either, but I assure ROI with what I have an know (Arboriculture).
I admire numbers like this;
- buy land with existing Plan for Subdivision approved for $1.5mil
- spend $3.8mil building the homes
- total investment $5.3mil over 18 month forecast
- initial budget with homes built and sold in 18 months nets return of $1.3mil in 18 months
- better numbers than pretty much anyone on this forum
- PS; 12 month delay on the project due to bureaucratic delays
- real estate market explodes in this period
- ADDITIONAL return due to real estate market = $1.98 mil
- total return over 30 months = $3.3mil
- Overhead; virtually non-existent, as trades are all calculated into home building cost