Anyone grossing over a $500,000 ?

[Landscraper1]

I am curious. I have not been a member here for very long. In these few month's I have noticed that most members have very small companies, if they are a company at all. Most seem to be one man operations. Are there any landscapers out there making over $500,000? If so can you post some info about yourself and your company? Such as:

When and how you started the business?
What you gross in a year?
How many employees?
What trucks and equipment you use?
How's your profit margin in these tough times?

You don't have to put down your business name. I am just curious to see the response as, I am sure you would be as well. Thanks

[ALC-GregH]

Originally Posted by Landscraper1

I am curious. I have not been a member here for very long. In these few month's I have noticed that most members have very small companies, if they are a company at all. Most seem to be one man operations. Are there any landscapers out there making over $500,000? If so can you post some info about yourself and your company? Such as:

When and how you started the business?
What you gross in a year?
How many employees?
What trucks and equipment you use?
How's your profit margin in these tough times?

You don't have to put down your business name. I am just curious to see the response as, I am sure you would be as well. Thanks

Making that much is certainly not out of the question. I personally wouldn't want to be in that tax bracket.

[Landscraper1]

Originally Posted by ALC-GregH

Making that much is certainly not out of the question. I personally wouldn't want to be in that tax bracket.

I'm not talking about personal income, it's gross. Other than the usual taxes a business incurs, you will pay more on your profit.

[ALC-GregH]

Grossing that much is irrelevant. You can gross 5 mil and may only profit 100k.

[WestGaPineStraw]

We grossed $680,000 in 2009...
But we sale and install pine straw, we deal with larger numbers and a lot of volume

[Landscraper1]

Originally Posted by ALC-GregH

Grossing that much is irrelevant. You can gross 5 mil and may only profit 100k.

Did you understand the question that was asked???

[ed2hess]

Originally Posted by ALC-GregH

Grossing that much is irrelevant. You can gross 5 mil and may only profit 100k.

And what is wrong with 100K on 5 mil

[LwnmwrMan22]

I did $300k last year gross.

Me, 2 full time guys, my wife (2 days / week) and my 76 year old father (1.5 days / week).

3 trucks, (2 2006 Dodge 2500, 1 2007 Dodge 3500).

This included lawn work, minimal landscaping, irrigation, snowplowing and firewood sales.

The firewood sales was about $35k, snowplowing was about $55k, irrigation was about $5k (just maintenance, no system installs) and the rest in lawn maintenance.

Been in business for 21 years this year and have moved out of residential mowing into small to mid sized commercial mowing and larger institutional mowing (schools, cities, parks systems).

The margins are not that great, but if you're set up for it, you can do somewhat okay.

Personally, I'd rather go back to working solo, doing 25-30 small commercial accounts that allow me to do all of the work.

This was where my profit margin was by far the largest. This year it'll be in the 10% range, mostly because I have a heavy heavy debt load I'm trying to work out from underneath.

[Landscraper1]

Originally Posted by LwnmwrMan22

I did $300k last year gross.

Me, 2 full time guys, my wife (2 days / week) and my 76 year old father (1.5 days / week).

3 trucks, (2 2006 Dodge 2500, 1 2007 Dodge 3500).

This included lawn work, minimal landscaping, irrigation, snowplowing and firewood sales.

The firewood sales was about $35k, snowplowing was about $55k, irrigation was about $5k (just maintenance, no system installs) and the rest in lawn maintenance.

Been in business for 21 years this year and have moved out of residential mowing into small to mid sized commercial mowing and larger institutional mowing (schools, cities, parks systems).

The margins are not that great, but if you're set up for it, you can do somewhat okay.

Personally, I'd rather go back to working solo, doing 25-30 small commercial accounts that allow me to do all of the work.

This was where my profit margin was by far the largest. This year it'll be in the 10% range, mostly because I have a heavy heavy debt load I'm trying to work out from underneath.

I see that someone understood the questions, thanks.

I understand what you mean by the margins being better. When I was a smaller company, the margins were better also. But, with more gross you can still make more money with less margin.

Example:
Landscaper #1 Grosses $100K a year. Makes a 20% profit. That's $20K.
Landscaper #2 Grosses $500K a year. Makes a 10% profit. That's $50K.

If you can control your debt, I would say 10% is pretty good in this economy.

[Frue]

Originally Posted by Landscraper1

I see that someone understood the questions, thanks.

I understand what you mean by the margins being better. When I was a smaller company, the margins were better also. But, with more gross you can still make more money with less margin.

Example:
Landscaper #1 Grosses $100K a year. Makes a 20% profit. That's $20K.
Landscaper #2 Grosses $500K a year. Makes a 10% profit. That's $50K.

If you can control your debt, I would say 10% is pretty good in this economy.

wow someone who gets it! This is the most intelligent statement I have read on here in a while. It is very hard to get solo opps to understand this very statement. Thank you for posting. My profit is 25% 2009 20% 2008.