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For a new lawn care business owner that was just called onto a similar situation, how would you suggest they figure out a price to remove such a tree? What conditions would they have to take into account?
well I did this job in 2 hours because I have the right equipment dump truck, 12in chipper, and a 27ft knuckleboom. If you don't have such equipment you could spend a lot of time on this type of work say you just have a truck and a trailer loading and unloading takes time, then removal of the wood cutting each section into firewood length and then hauling away, last if you can't remove the stump completly you have to grind the stump.
figure you rent a chipper $100.00, rent a stump grinder $50.00 ,$20.00 for gas say it takeas you 4 hr's, 1 worker 10.00 hr=$40.00
If you got the job for $400.00, you made $190.00 profit that's $47.50/hr
I have a set price per hour and I know how long it takes me to complete a job.
I would recommend experimenting and learning from your mistakes.
Now do you suggest knowing how much it costs you to operate each piece of equipment being used per hour? So when you pull up to a job you can figure out in your head how long the job will take you and then based on that you can calculate your costs and then come up with a bid?