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Unread 12-03-2015, 11:28 PM   #16
thuffner3
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Location: Cincinnati, Ohio
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Rayman,
I've been working by the square foot for several large flooring companies here
in southern Ohio for 20 yrs or more. Seems to me as a loner $2.50 a foot isn't so bad. Hell your looking at gross $50.00 per hour. Taxs, insurance, and expense, shouldn't cost you $25.00 per hour. Your going to get more proficent with time. Your going to see prep charges in addition to your sq ft. I wont go less than $2.50 ever any more. I push for $3.00 every time a sales person asks about pricing. Residential on the other hand is strictly bid per application.
To many variables for sq ft.

JM2CW.
Neil
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Unread 12-04-2015, 07:16 AM   #17
jcsa
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Location: San Antonio, Texas
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Markup and profit

You might look into purchasing Michael Stone's Markup and Profit books. His books explain business very well. To understand what you charge you need to know what your costs are. We do not charge by the square foot, we charge by the job. We all start out that way because we don't know any better and follow the norm. But ask yourself, if you are charging by the foot, how is that broken down. What are your costs? How much is overhead? How is every cent allocated? If someone cannot answer some of these questions, these books are definitely a must. I have searched my entire tile life 40 plus years looking for this information and can say these books are the best i have ever found in helping me run my business. Also if you are a NTCA member we have a business section i helped author that is free with your membership. It is in the plans next year to make into an e-book His website is www.markupandprofit.com There is a free newsletter if you sign up for. Very useful information. Even if you charge by the square foot, you know how it is being broken down and utilized.
Hope this helps. John Cox
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Unread 12-04-2015, 08:05 AM   #18
cx
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You can also find those books linked under Business in our Liberry.
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Unread 12-04-2015, 10:42 AM   #19
Exceed Flooring And Tile
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Excellent info guys, I'm going to Michael Stones literature. That's what I need!
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