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View Full Version : How much do you make?


lpkatsavage
10-02-2008, 11:02 AM
Anyone want to tell us how much you net, not gross, but net each year?

All_Toro_4ME
10-02-2008, 11:08 AM
thats a real brave question.

CLARK LAWN
10-02-2008, 11:12 AM
i will tell you that i am netting 28% on the first three quarters. i just did the reports for the and im at 28.243 to be exact

Lawnut101
10-02-2008, 03:40 PM
I think it just depends on a couple things, like how much you have tied up in equipment, how much other overhead you have, and how much you need to pay your other bills. So, even though one guy may make a mil., another guy may do the same amount of work, but make a lot less than that. That's why everyone has different prices.

coif_kid
10-02-2008, 04:04 PM
Gross 92k, net 70k. Completely solo.

Net doesn't include income taxes though. So after tax take home 45k ish.

Flow Control
10-02-2008, 04:15 PM
Gross 92k, net 70k. Completely solo.

Net doesn't include income taxes though. So after tax take home 45k ish.

Seasonal? Nice job

coif_kid
10-02-2008, 04:17 PM
6 months - 26 weeks grass cutting - 126 accounts - $25 per house - 20minutes per house on average + 19k in extras

lpkatsavage
10-02-2008, 06:55 PM
I know its a brave question and everyone is different as far as expenses go. I am just being nosy and wanted to see if anyone would respond. I am also a small biz consultant so I am very interested in other companies accomplishments.

CLARK LAWN
10-02-2008, 10:45 PM
Gross 92k, net 70k. Completely solo.

Net doesn't include income taxes though. So after tax take home 45k ish.

were is that BS meter that ive seen on here

coif_kid
10-02-2008, 10:50 PM
You say BS. I say based on what do you say it's BS. No sorry, I don't really care because you can say BS all you want and I'm gonna enjoy my pay all I want.:weightlifter:

CALandscapes
10-02-2008, 11:23 PM
Anyone want to tell us how much you net, not gross, but net each year?

Seems like after I take my salary and divide it per hour to determine my hourly pay I make about $4.50 per hour.

So, in conclusion, my answer is:

NOT ENOUGH!

:laugh::laugh::laugh::laugh::laugh:

fool32696
10-03-2008, 03:21 PM
Right now my net is 51% of gross. This is only because i've only hired help when absolutely necessary. When this stops being a job and is run more like a business I expect my net to drop to the 20-25% range. I really doubt that it is possible to run a legal mowing business with a net of over 60 or 70% of gross. I'm running about as lean and mean as possible with zero debt and minimal payroll and am barely pulling 50%. CALandscapes, I've been reinvesting so much of my income back into my business that my salary isn't much better.

lpkatsavage
10-03-2008, 03:39 PM
70 out of 92 is good. taxes suck!

lpkatsavage
10-03-2008, 03:43 PM
51% of gross is awsome.

coif_kid
10-03-2008, 07:46 PM
Yeah if I had hired help then my percentage would be lower too. I have a really really tight and efficient route. I always do bettew than 1km or 0.7 miles per every $10 dollars gross. So obviously with numbers like that my travel time is neglible and the costs of fuel and wear and tear on my vehicle is extremely diminished.

Yesterday for example I gross $830 and I worked 9 hours total. I was able to get to 37 houses yesterday with one of them being an acre, but the rest were all 5000 sq feet lots. (Total distance travelled yesterday 65km or 45 miles). With the 5000 sq ft lots, I price them at $20 - 22 and I'm in out in 13 - 15 minutes (this includes the travel time from the last house). The reality is I find that I can make more money on smaller lots because even if they have a real small lot you charge the minimum of $20 (they think $20 is no big deal), but people get spooked when you charge then 60 or 70 a cut even when their lot is like 8 - 16 times the size of the small lot.

Plus by specializing in the smaller lots I only need a 32in, which runs a third of the cost of a ztr. I have two trimmers (one is back up and serves as a hedge trimmer), on cheap home depot 22in (when I can't get in) and two small blowers. Total cost of all the equipment 4.5k. It all lasts three years so my depreciation is 1.5 a year for equipment. My truck has lasted over 6 year so far and I figure I will get maybe two to three more so I depreciate my truck 3k a year (bought it at 26k). I have a trailer, but I don't depreciate it because it seems to go on and on (but bought it at 1.5k open trailer 5x10 [why do I need more than that]. Fuel bill was 4.0k. Ins. 0.4k. That's less than 10k expenses there plus 2k for maintenance of the truck and mower and maybe 3k for advertising. My mowing route grosses 2700 a week on average and takes me three 1/2 solid days.

All I know is that if I was living in the country I doubt I would be able to do what I'm doing, but I'm glad I live in the 'burbs.

Adam3669
10-04-2008, 10:39 AM
Yeah if I had hired help then my percentage would be lower too. I have a really really tight and efficient route. I always do bettew than 1km or 0.7 miles per every $10 dollars gross. So obviously with numbers like that my travel time is neglible and the costs of fuel and wear and tear on my vehicle is extremely diminished.

Yesterday for example I gross $830 and I worked 9 hours total. I was able to get to 37 houses yesterday with one of them being an acre, but the rest were all 5000 sq feet lots. (Total distance travelled yesterday 65km or 45 miles). With the 5000 sq ft lots, I price them at $20 - 22 and I'm in out in 13 - 15 minutes (this includes the travel time from the last house). The reality is I find that I can make more money on smaller lots because even if they have a real small lot you charge the minimum of $20 (they think $20 is no big deal), but people get spooked when you charge then 60 or 70 a cut even when their lot is like 8 - 16 times the size of the small lot.

Plus by specializing in the smaller lots I only need a 32in, which runs a third of the cost of a ztr. I have two trimmers (one is back up and serves as a hedge trimmer), on cheap home depot 22in (when I can't get in) and two small blowers. Total cost of all the equipment 4.5k. It all lasts three years so my depreciation is 1.5 a year for equipment. My truck has lasted over 6 year so far and I figure I will get maybe two to three more so I depreciate my truck 3k a year (bought it at 26k). I have a trailer, but I don't depreciate it because it seems to go on and on (but bought it at 1.5k open trailer 5x10 [why do I need more than that]. Fuel bill was 4.0k. Ins. 0.4k. That's less than 10k expenses there plus 2k for maintenance of the truck and mower and maybe 3k for advertising. My mowing route grosses 2700 a week on average and takes me three 1/2 solid days.

All I know is that if I was living in the country I doubt I would be able to do what I'm doing, but I'm glad I live in the 'burbs.

:confused:

dougmartin2003
10-04-2008, 01:14 PM
is this before or after the wife gets ahold of it

TXNSLighting
10-04-2008, 06:51 PM
Enough For stuff i want!

mattfromNY
10-04-2008, 07:36 PM
5K lots with a 32, in and out in 20 minutes? mow, trim, blow? 37 in a day?
My legs dont move that fast.

PlatinumLandCon
10-04-2008, 08:02 PM
You say BS. I say based on what do you say it's BS. No sorry, I don't really care because you can say BS all you want and I'm gonna enjoy my pay all I want.:weightlifter:

The dude lives 5 mins from me, he does OK to say the least:canadaflag:. The business is run by an accountant to explain the low overhead. The guy has the solo maintenance business pretty much mastered.

Why does everyone call BS?? I'm 17 and have grossed $50k+ in my first year of landscape construction. Thats in 2 months full time, 2 months part time.:weightlifter:

pghlandscape
10-04-2008, 10:01 PM
if your netting 70k and only taking in 45k you need a new accountant you may even want to inc.

coif_kid
10-05-2008, 01:32 AM
Taxes in Canada are significantly higher than in the states. At 70k my marginal tax rate is 38 - 39 %. On top of that I have to pay 10% of my first 40k on CPP. I guess that works out to social security for your guys in the states. To be honest I would figure that my after tax is closer to 50k, but we pay higher taxes here because we don't have to pay for health insurance. If I was making over 100k, I would have to pay 49% for every dollar I make.

Yeah I do move at a very high clip. It's just about being efficient and working as fast as you can (while keeping your desired quality). Nobody pays you to be slow I figure.

coif_kid
10-05-2008, 01:44 AM
Oh and one more thing, I have ALL my lawns on contract. Pay per cut = headaches and not being able to budget properly. I don't know how you pay per cut guys do it.

lpkatsavage
10-05-2008, 06:20 PM
its not about gross. you can gross 1 mill and still not have any money. its all in how you manage your assets and your biz.

RLLServicesCT
10-05-2008, 07:44 PM
I know im going to get a lot of 'wonderfully' kind responsed from this, but if Obama comes into the hot seat, we all are going to have to pay the high taxes like coilf kid is paying up in Canada. His 38- 39% will become ours through socialism. This is a very brave thread, but had to put this in.
*trucewhiteflag* and we should keep it as :usflag: as we can!

CLARK LAWN
10-05-2008, 10:39 PM
The dude lives 5 mins from me, he does OK to say the least:canadaflag:. The business is run by an accountant to explain the low overhead. The guy has the solo maintenance business pretty much mastered.

Why does everyone call BS?? I'm 17 and have grossed $50k+ in my first year of landscape construction. Thats in 2 months full time, 2 months part time.:weightlifter:

if the biz was run by an accountant then they would have ALOT of overhead so that taxes are low. at least if hes a good accountant

barefootlawnsandlandscape
10-06-2008, 09:45 AM
RLL,

Couldn't agree more. I am truly concerned about this election. Listening more and more to Obama I see a picture of a modernistic socialist. His world view is out of line. With his healthcare plans and taxation a business like mine, with employees, insurance plan, etc., is looking at having to pass on his plans to my customers. I can't foot the bill for what he is proposing.

Subtract an employee's wages, insurance, and tax burden out of coiff's system and margin is greatly reduced. Add in overhead of running a business, and not a solo op., along with the economic cost of Obama's plan and your looking at break even.

I wish the government could get out of our way and let us do business!

How much do I pay myself, enough to get by right now!

DA Quality Lawn & YS
10-07-2008, 01:11 AM
6 months - 26 weeks grass cutting - 126 accounts - $25 per house - 20minutes per house on average + 19k in extras

I agree these numbers seem inflated for a solo. 25 lawns a day avg??
These must be a single 36" pass then on to the next one. Or is a Z being used on small lots, which should never be done?

I figure if I get 25-30 1/4 acre resi's PER WEEK that I will be very busy as a solo.

bigjeeping
10-07-2008, 07:55 AM
Always know what you need your margins to be, and work hard to keep them there.. If you can accomplish this you will never fail. :usflag:

Frontier-Lawn
10-07-2008, 02:31 PM
Not Enough to pay the bills, make a 8 month emergency fund, invest in the stock market/ retirement, pay off past due credit cards, and most of all BUY A HOUSE

davis45
10-07-2008, 02:50 PM
I figure if I get 25-30 1/4 acre resi's PER WEEK that I will be very busy as a solo.

If that will keep you "very busy" I would suggest selling out and getting a different job. I am looking at my books right now and last Thursday I decided to work solo. I knocked out 16 lawns around 1/4 acre each in an 8.5 hour day, with around an hour for lunch. Thats a 1/4 acre of MOWABLE turf, not a 1/4 acre lot before the home was on it. That is also using a 48" ZTR.

IN2MOWN
10-07-2008, 04:36 PM
I bring home around $55,000 a year after taxes and expenses.

causalitist
10-08-2008, 03:18 AM
were is that BS meter that ive seen on here

agreed.

here its 70 accounts, ranging from $30-$60, 28-30 mows a year. puts me at like $80,000 !! no way hahah i wish. all those numbers are true but the last one. .. mathematically it is, but not in reality.
gross is maybe 45-60k minus 20k payroll minus 10k gas, etc etc etc

about 15-30k ... this is my first year with this many accounts, and im to busy with thermodynamics homework to really dig into the numbers, hence the wide range.