kcollinsdesign
Old member
$3843.00 vacuum formed and back sprayed with 2 colors plus background color, installed with bucket truck or scaffolding, I hr. site survey.
Plus permit (cost)
Plus permit secular fee ($95.00)
Plus any design fee
Outsourced faces (shipped to my door): $1642.00
Contract installation, licensed, insured and bonded: $350.00
Gross profit: $1628.00
Gross profit: $1841.00
Overhead: $768.00
My time ($85.00/hr): $425.00
Net profit: $648.00 (approx. 17% profit).
The business will make $648 plus $425 for my labor, which could be seen as 248% profit. Plus I estimated overhead at 20% of total cost, which might be about right for a full service shop, but my overhead actually runs closer to 5% because I work from home, share a shop space with another contractor (who does most of my installs), and have no employees and very little fabrication or installation equipment expenses. If I can do something like this once a week, I can make $3k - $5k a month (after COG and overhead), and add about 10 hrs a week of commercial design work, I can afford to take $55k out a year for "pay", and sock another $25k in the bank. Modest ambitions, perhaps, but I enjoy the freedom and the lack of liability, plus it gives me extra time when bigger projects come along (I try to limit myself to a 35 hour work week, life's too short).
Plus permit (cost)
Plus permit secular fee ($95.00)
Plus any design fee
Outsourced faces (shipped to my door): $1642.00
Contract installation, licensed, insured and bonded: $350.00
Gross profit: $1628.00
Gross profit: $1841.00
Overhead: $768.00
My time ($85.00/hr): $425.00
Net profit: $648.00 (approx. 17% profit).
The business will make $648 plus $425 for my labor, which could be seen as 248% profit. Plus I estimated overhead at 20% of total cost, which might be about right for a full service shop, but my overhead actually runs closer to 5% because I work from home, share a shop space with another contractor (who does most of my installs), and have no employees and very little fabrication or installation equipment expenses. If I can do something like this once a week, I can make $3k - $5k a month (after COG and overhead), and add about 10 hrs a week of commercial design work, I can afford to take $55k out a year for "pay", and sock another $25k in the bank. Modest ambitions, perhaps, but I enjoy the freedom and the lack of liability, plus it gives me extra time when bigger projects come along (I try to limit myself to a 35 hour work week, life's too short).
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