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Painting Contractors: Let’s talk about what your gross profit should be if you're making over $1M

Name: Painting Contractors: Let’s talk about what your gross profit should be if you're making over $1M
Uploaded: 2023-07-07T16:20:09+00:00
Duration: 23 s
Channel: Daniel Honan
Description: Painting contractors making over $1M annually should target a 40% gross profit margin. The top 10% hit 58%, proving high profitability scales. Many…

7 Jul 2023 · 0 min

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Painting contractors making over $1M annually should target a 40% gross profit margin. The top 10% hit 58%, proving high profitability scales. Many smaller firms already reach 40%, so it's realistic for you too.

For the over $1 million, it's 58% for the top 10%. That's the average gross profit for the top 10% of over $1 million revenue group. These are larger businesses and they, they're doing a lot of volume and they're still, you can still maintain gross profit and help a lot of people. So it's definitely possible if you're listening, you know, and you're thinking that I can't hit 40% gross profit, definitely know it's possible. There's plenty of penny businesses that are doing it.