Contractor Profit

[SAMIAM]

Originally Posted by secondcurve

30% to the bottom line is not seen in many businesses. That is a huge profit. Think about it, a $3,000,000 revenue company’s owner would make $900,000! That doesn’t happen often.

30% is way over the top…..most business are lucky to get 15%….20% is a home run in the restaurant business

[Biggd]

Originally Posted by SAMIAM

30% is way over the top…..most business are lucky to get 15%….20% is a home run in the restaurant business

I guess that's why a lot of restaurants don't make it, slim margins.
I had an Auto repair business, if I didn't make 30% I would have gone to work for someone else.
I worked 60 to 80 hours a week, some weeks I made over $100 an hour and others I made $10.
Some weeks, everything I touched turn to gold. Then there are other weeks, everything I touched turned to *****.