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How much money will i keep?

Discussion in 'General Industry Discussions' started by realtree27, Feb 13, 2007.

  1. realtree27

    realtree27 LawnSite Member
    from harrah
    Posts: 32

    If I gross $70000 this next year. How much will I net after paying help at $7.50 an hour an all other exspenses. Just give me a ball park range..

    Thanks Marc
  2. T.E.

    T.E. LawnSite Senior Member
    Posts: 799

    That is a very broad question. No way to answer that, outside of just a shot in the dark.
  3. the scaper

    the scaper LawnSite Senior Member
    Posts: 690

    Well, thats gonna partly depend on how many hours your $7.50 per hour help works.
  4. fiveoboy01

    fiveoboy01 LawnSite Silver Member
    Posts: 2,988

    You can't even get a ballpark range with that vague of a question.
  5. Woody82986

    Woody82986 LawnSite Silver Member
    from DFW, TX
    Posts: 2,128

    My guess is $14.29 after all is said and done... Thats about as close a guess as I can figure.
  6. gene gls

    gene gls LawnSite Gold Member
    Posts: 3,213

    Perfect ball park figure............
  7. StBalor

    StBalor LawnSite Senior Member
    Posts: 798

    That seems a little on the high side.
  8. Woody82986

    Woody82986 LawnSite Silver Member
    from DFW, TX
    Posts: 2,128

    Now that I have ran the numbers and thought about it I revise my first estimate of $14.29. My new estimate is $9.73 net profit...
  9. Richard Martin

    Richard Martin LawnSite Fanatic
    Posts: 14,700

    It depends on how many hours you pay your help and if you pay them legally or not. We also need to know what your per hour expenses to operate are and how many hours you operated.

    I don't have employees but I do know that it costs me about $19 an hour to stay in business. That includes taxes, insurance, fuel, replacement parts, oil, replacement costs for new mowers, truck, advertising, postage, software etc.

    I have a friend who did around $70k last year with a couple of employees (no taxes taken out) and his net is so low he won't even tell me what it is.
  10. realtree27

    realtree27 LawnSite Member
    from harrah
    Posts: 32

    oh sorry guys for not enough info...

    how bout 300 a week in gas
    640 a week in labor
    200 for misc parst and crap
    all based on a 20 week mowing season... and if i left anything out let me know!!

    this is my second year cutin grass! iam really trying to expand alot

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