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  #1  
Old 12-01-2009, 10:14 PM
wints76 wints76 is offline
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Profit Margins

What are peolpe's profit margins? Just curious.
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  #2  
Old 12-02-2009, 12:37 AM
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LouisianaLawnboy LouisianaLawnboy is offline
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With a helper bout 50-70 percent.
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  #3  
Old 12-02-2009, 01:05 AM
badgerfan badgerfan is offline
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net profit before taxes is about 55% with two crews my first year
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Old 12-02-2009, 07:19 AM
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lotsagrass lotsagrass is offline
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Curious...with this type of business, is your tax rate for the money made mowing, etc about 50%??? I do some occasional side work where I basically work as a contractor and the IRS hits me at about 50% I was wondering if this is about what you get hit with? So your net profit may be about 55% before taxes but after taxes is it more like 27% or so?
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Old 12-02-2009, 08:09 AM
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White Gardens White Gardens is offline
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Quote:
Originally Posted by lotsagrass View Post
Curious...with this type of business, is your tax rate for the money made mowing, etc about 50%??? I do some occasional side work where I basically work as a contractor and the IRS hits me at about 50% I was wondering if this is about what you get hit with? So your net profit may be about 55% before taxes but after taxes is it more like 27% or so?
Exactly, most guys on here shoot for @30% or so.
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  #6  
Old 12-02-2009, 08:49 AM
JCPM JCPM is offline
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About 40% after taxes.
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  #7  
Old 12-02-2009, 09:04 AM
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MOHUSTLER MOHUSTLER is offline
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Any business should be able to make it with a 30% margin. Then shoot for a 10-15% increase a year. That alows you to grow steady and not get to big to fast.
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  #8  
Old 12-02-2009, 09:10 AM
ADVANCEDOHIO ADVANCEDOHIO is offline
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Originally Posted by LouisianaLawnboy View Post
With a helper bout 50-70 percent.
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Thats awesome!!! For every dollar you bill, you profit .70 cents over and above all expenses???? I wish the margins were that good in Ohio. I gotta move!!! ALCGreg says he gets $60/hr to rake leaves in PA. I dont know where to relocate... My profit margins vary from the maint (mowing) to the outdoor kitchens ($40,000-$50,000 jobs) I will know how this year ended up soon, but I dont think I will avg 50-70%. Keep up the good work!!!
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  #9  
Old 12-02-2009, 01:44 PM
topsites topsites is offline
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It's even better in my neck of the woods, I can normally squeeze out 475%
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  #10  
Old 12-02-2009, 03:12 PM
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MOWNITDOWN MOWNITDOWN is offline
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i make 500% profit. about 200,000 a year. Oh yeah, I'm also only 12 years old and I mow full time already, and I bought all my equipment, daddy didn't buy any of it.
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