Halik has a great post on Upali, a professional trishaw driver. Well worth a read. With it he breaks down some of the numbers involved in the business. I’ve put the prices together to to guess how much profit they make. It’s not too much, really. Upali breaks down his basic operating expenses as follows:
His lease costs him Rs.10,500 a month. Petrol about Rs 500-600 a day. Servicing costs about 7500 every 3 months. But spare parts are a problem. Tyres cost in excess of Rs 2000 and other parts don’t come cheap. This is why its important to use your vehicle very carefully, he thinks. He needs to earn about Rs 2000 to be happy; a decent figure. (Upali: Professional Tuk Tuk Driver)
I’ve taken those expense and tried to calculate daily/monthly expense as per below.
|COSTS||Cost Per Day||Cost Per Month|
One assumption I’ve made here is that a working month is 22 days. So he spends about Rs. 1,200 per working day for a total of Rs. 26,100 for the calendar month.
How profitable is this?
|CATEGORY||Daily Hires (Rs. 200 Per)||Revenue Per Day||Costs Per Day||Profit Per Day||Profit Per Month (22 Days)|
Upali said he’s happy with earning about Rs. 2,000 a day, which works out to about Rs. 17,600. He gets eight days off, as mentioned I’m counting a month as 22 days. If his wife works as well, that could put them into the average Sri Lankan household income of about Rs. 30,000 a month.
I calculated that this would take about 10 hires at an average of Rs. 200 per hire. If he does more, say 15 hires, he can earn about 30,000 per month on his own. The more you work the more profitable it seems to get, as you get beyond the fixed costs of lease and parts.
So it’s not that bad, not that good. It’s a job.