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Painting Business Owners: Estimating what weekly production work should average to get you to 500k

Name: Painting Business Owners: Estimating what weekly production work should average to get you to 500k
Uploaded: 2024-01-19T15:40:49+00:00
Duration: 52 s
Channel: Daniel Honan
Description: In this instructional segment, the speaker outlines how painting contractors can estimate production and revenue using a typical 2‑person crew. He…

19 Jan 2024 · 1 min

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In this instructional segment, the speaker outlines how painting contractors can estimate production and revenue using a typical 2‑person crew. He explains that a standard crew should generate roughly $10,000 in billable work per week (about $40,000 per month or $480,000 annually) assuming full‑time, year‑round operation. He notes that real‑world results vary due to seasonal demand—higher in summer and lower in winter—and that reaching a $500K annual target may require adding a second crew during peak months. The advice is framed as a practical, ball‑park figure to help owners size their workforce and set realistic financial goals.

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So for production, you do the estimate, you give the proposal to the customer, they sign the proposal. Now you're on the hook to produce that work. If you're hiring crews to work for you, either subcontractor or employee, typically most painting companies use 2-man crews. To kind of go through the numbers of what to expect for this, typical crew, 2-man crew should produce around $10,000 per week with current pricing. It's going to be different for everybody, but just kind of give you a ballpark. One crew should be able to produce about $10,000 in work per week. That's working 40-hour weeks, right? So $40,000 per month is $480,000 per year. But that's also assuming that they're working every single week through the year, fully loaded. So one crew should be able to produce a lot, but there are ebbs and flows in there, and sometimes you're going to have more work during the summer than you will in the dead of winter. You might need to get to $500K. You might actually need to have two crews during the summer.