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Is It Profitable


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IS IT PROFITABLE:

We are going to give you some examples here.  These figures are based on conservative numbers, as an example we are using .95 cents a square foot and many people charge $1.10 to $1.25 a square foot.

Lets say you charge your customer .95 cents a square foot.  Your cost for materials is about .06 cents a square foot.  So you would make about .89 cents a square foot.  So let’s take an average kitchen with an eating area.  That would normally be about 200 square feet.  That would equal $190.00  (200 X .95 = 190).   It would cost you in materials about $12.00  (200 X .06 = 12.00).  You would gross about $178.00  (190.00 – 12.00 = 178.00)

It should take you no more than 2 hours to do this job, applying two coats of finish product.  That means you should make about $89.00 per hour.

You can easily do 2 jobs a day (that’s only about 4 hours of work a day).  That is 10 jobs a week (which is not a lot) and you would take home, after you paid for the products, over $92,000.00 a year. This is based on 5 days a week. At 6 days a week you would make just over $111,000.00 a year.

These figures are based on only a small 200 square foot room.  Many homes will have these floors throughout their entire home, or in the major rooms.  This would increase your income substantially.  Many homes will have 800 to 1000 square feet of laminate or wood floors.  A home with 800 square feet would generate about $712.00 in income after deducting the cost of material.

Many businesses will have much more than that.  Businesses should receive 4 coats of the finish product.   So your cost of products is a little more, but still insignificant to the overall job.

A 3000 square foot commercial job would generate about $2,850.00 and cost about $360.00 in materials.  You would clear about $2,490.00.

You will also be selling your customers the floor cleaner, so after you have built a good clientele base you will have residual income, as your customers call you for more cleaner.

A one liter bottle of the cleaner cost you $12.39.  The suggested retail is $18.98.  So you make $6.59 a bottle.

As you can see the profit potential is very good.


THE ECONOMY:
Here are some responses from one of the cleaning boards about how business is doing in this economy:

In this economy
Posted By Tim Hawver on 8/20/2009 at 11:41 PM
People often ask me "how is business, has this economy slowed you down any?" They are amazed when I tell them I am very busy and business is great. I told my finacial advisor this and he said that's the first business he's heard that can say that. Last yr my lawyer said the same thing when I told him. I really could tell them every yr has gotten better and this is my best yr yet. WOW, what a blessing! I have much to be thankful for.


Re: In this economy
Posted By Con Schultz on 8/21/2009 at 1:20 AM
Good job Tim

There is also something to be said about what it takes to 'satisfy' a family too. Why is it 1 house can live on XX a year the next door neighbor with the same house cannot survive on 30K more than the other??

standard of living & retirement saving expectation - & then BOY TOYS.... changes everything

Con


Re: In this economy
Posted By Jim Williams on 8/21/2009 at 8:19 AM
I've been waiting for the big slowdown for over a year myself and I too am swamped with work.I had at last 15 callers last month that needed things done right away and I just couldn't squeeze in another job.

Every once in awhile I get tempted to complain about burnout, but then I remember all those sitting at home with no work and I am thankful!


Re: In this economy
Posted By frank boet on 8/21/2009 at 9:10 AM
Business success is what you make of it. I'm a one man operation and business has been great. I haven't had time to upgrade my van or eqipment. Can't wait for the business Christmas season!

My stock portfolio and my wive's 401K are now doing great as well. It's ironic how the lower Obama's popularity goes down, the higher the stock market goes. I'm echoing what the financial experts are saying.

I give all Glory, Honor and Praise to GOD!

Frank




To see who your customers will be, continue to the next section

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