Lawn Care Business Forum Lawn Care Business Book Lawn Care Business Blog Lawn Care Software
Home Forum Contract & Flyer Templates Blog Software Videos Podcast Calculators / Estimators Store Mower Review Design It Yourself Lawn Business School

Go Back   GopherHaul Landscaping & Lawn Care Business Marketing Forum > Lawn Care, Landscaping, and Property Management Forums > General Talk

General Talk If it doesn't fit anywhere else, post it here.

What is your profit margin?


General Talk

If it doesn't fit anywhere else, post it here.
Reply
 
Thread Tools Search this Thread
  #31  
Old 11-25-2012, 10:17 PM
elbow300 elbow300 is offline
Junior Member
 
Join Date: Nov 2012
Posts: 9
Rep Power: 4
elbow300 is on a distinguished road
Default profit margin

I try to keep my expenses (labor, fuel, materials, repairs, etc) to between 50 and 55% of my overall intake. After that, I try to reinvest 25 - 30% back into the business. Whatever is left is profit. I use this formula to aggressively grow the company. I think this much reinvestment is important, both to the growth of the company, and also to ensure the equipment is reliable and efficient. That is critical to minimize down time. Guys standing around or having to go back due to equipment issues will eat into your bottom line quickly. Our company is largely maintenance based, so labor is by far our largest daily expense.
Reply With Quote

Stop guess-timating. Learn how to estimate and make money! $$$
Mow Time Estimator Lawn Care Price Estimator Mulch and Topsoil Calculator Snow Plow Estimate Calculator


  #32  
Old 11-26-2012, 08:48 AM
aduttonater aduttonater is offline
Member
 
Join Date: Apr 2010
Location: Tucson, Arizona
Posts: 92
Rep Power: 7
aduttonater is on a distinguished road
Default

I usually don't have profit figured out until the job is complete, I'm paid, and all expenses are paid. I usually take home 70% of the total job cost. This is not including paying myself or the time I had to spend in order to complete jobs. However the people that I work with get around 15% of the total job once they are paid. It helps to keep cost extremely low, and to keep it low everyday that you complete work tasks for the community.
__________________
It takes at least two steps to be 3 steps ahead!
Reply With Quote
  #33  
Old 11-26-2012, 11:50 AM
stevef1201 stevef1201 is offline
Senior Member
 
Join Date: Apr 2010
Location: Central Florida
Posts: 1,236
Rep Power: 8
stevef1201 is on a distinguished road
Default

Quote:
Originally Posted by FourSeasons View Post
I looked over and the 2 in the back (same age as me) were looking at my truck and laughing.

.
Let 'em laugh!!!!
While they are still paying off thier brand new 4x4 with all the bells and whistles, You and I are going to work in our old but reliable pickups.

Mine is a 1993 Chevrolt C1500. I got it for a grand cash. The paint job was crap, But 100 worth of paint, some work, and now it looks as good as any other truck. Signs were 20 bucks eack. and Now MY Truck is looking just as professional as any out there.

I used to work for a guy who had a real old D-6 dozer, it used about 3 quarts of oil a day. I asked why he didnt buy a new one-He told me 'with oil at 89 cents a quart, and a new dozer costing about 80 grand, well I can put a lot oil in that one for 80 grand'. He's right, Its now how new, or how pretty, its will the equipment do the job, cheap enough every day to justify not buying a new one.
By the way he was RRRRRRRRIIIIIIIIICCCCCHHHHH at the time, and I bet his kids are now to as that was 30 years ago, and he was in his 70s then
Reply With Quote
Reply

Bookmarks

Tags
operating expense, profit margin

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump

» Recent Threads
  RatingTitle, Username, & Date Last Post Replies Views
How much to charge for...
jymie
03-31-2013 05:59 PM
Yesterday 08:02 PM
by Steve
25 6,006
Now Hiring Just South of...
Chilehead
Yesterday 11:38 AM
Yesterday 11:38 AM
by Chilehead
0 14
Hi from Long Island NY
Lori22
07-18-2016 02:01 PM
07-26-2016 11:22 PM
by Chilehead
11 242
Hi everyone!
greenwavemedia
07-25-2016 03:22 PM
07-26-2016 11:21 AM
by Lawnline
2 51
Hi! I'm Tony from Tampa
Lawnline
07-12-2016 06:47 PM
07-26-2016 11:12 AM
by Lawnline
6 653
Needing a website built
burtle
06-17-2015 09:02 AM
07-26-2016 10:30 AM
by Lawnline
16 18,650
Z246 Deck change question
JohnsLawnCare
07-25-2016 01:47 PM
07-25-2016 06:38 PM
by Steve
1 43
DIY Sprayer
acrajchel
07-25-2016 09:13 AM
07-25-2016 06:36 PM
by Steve
1 44
Hello Everyone
JohnsLawnCare
06-22-2016 11:14 AM
07-25-2016 06:20 PM
by Steve
15 570
New Site Hows it look
Infinitelawn
03-16-2015 10:32 AM
07-25-2016 03:06 PM
by greenwavemedia
5 10,508
Looking for new host
Just for Cuts
11-26-2015 06:58 AM
07-25-2016 02:49 PM
by greenwavemedia
9 1,486
New Business Owner
danesdanglas87
07-20-2016 12:31 PM
07-21-2016 05:04 PM
by Steve
2 117
Question about...
Bradcook21
07-18-2016 05:22 PM
07-19-2016 04:38 PM
by Steve
2 139
Hello from Watertown New...
lawnmanrick81
07-19-2016 03:57 PM
07-19-2016 04:11 PM
by Steve
1 83
Gutter Cleaning Tool
DanielThomas
07-18-2016 08:23 AM
07-18-2016 04:36 PM
by Steve
1 113
Starting on a lawn care...
Coco3465
07-16-2016 11:26 AM
07-17-2016 09:20 AM
by Steve
1 140
Aspiring Company Owner
TJ136
07-12-2016 05:12 AM
07-15-2016 02:52 PM
by SC93
6 241
Hi Everyone
JavelinaLawn
07-10-2016 07:29 PM
07-13-2016 02:01 PM
by Chilehead
5 774
Review of our lawn care...
Lawnline
07-12-2016 06:40 PM
07-12-2016 06:40 PM
by Lawnline
0 409
Custom Canopies
JohnsLawnCare
07-12-2016 08:38 AM
07-12-2016 04:14 PM
by Steve
1 285
Spot checked by...
Just for Cuts
06-28-2016 02:34 PM
07-11-2016 03:53 PM
by Steve
4 302
John Deere JS40 issues
Mr. Mow
07-06-2016 01:28 PM
07-11-2016 03:52 PM
by Steve
3 228
Start My Own Business?
mowandblow1980
01-12-2016 07:43 PM
07-11-2016 11:18 AM
by DanielThomas
15 1,785
Rubber mulch...
avetslawncare
06-24-2015 09:28 PM
07-11-2016 09:11 AM
by Chilehead
9 3,315
Firefighter gone Lawn...
Firehouselawn@hotmail.com
03-10-2016 04:50 PM
07-07-2016 05:07 PM
by Steve
11 10,563
I need some business...
Firehouselawn@hotmail.com
07-06-2016 05:42 AM
07-07-2016 05:00 PM
by Steve
4 273
Business Overload
Chilehead
05-06-2016 09:27 PM
07-07-2016 04:53 PM
by Steve
24 1,288
Chemical Applications
acrajchel
06-24-2016 06:44 PM
07-05-2016 12:38 PM
by Chilehead
6 388
Is it too late?
Cpadgett
05-28-2016 09:10 AM
07-05-2016 11:54 AM
by Steve
14 891
3 Applications or 5...
stansg1fresh
02-18-2013 12:02 PM
07-04-2016 09:19 AM
by LawnPerfection
9 1,716
Best Push Mower You Have...
markty
05-14-2016 03:46 PM
07-02-2016 03:41 AM
by markty
27 1,961
Great Arborist Ladder
SGL1
06-04-2016 09:56 AM
06-28-2016 08:04 PM
by mowandblow1980
11 709
Newbie
Jhoell
06-25-2016 03:28 AM
06-28-2016 02:11 PM
by Chilehead
2 283
Say Hello !!!
Steve
03-19-2007 11:18 AM
06-28-2016 11:02 AM
by Brownieboy
1,253 440,420
Powered by vBadvanced CMPS v3.1.0

All times are GMT -5. The time now is 04:42 AM.


(C) 2011 Riggs Publications - Terms of use & Privacy Policy

All times are GMT -5. The time now is 04:42 AM.

(C) 2011 Riggs Publications - Terms of use & Privacy Policy