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Painting Contractors: What should your gross profit be?

Name: Painting Contractors: What should your gross profit be?
Uploaded: 2023-06-13T22:57:17+00:00
Duration: 34 s
Channel: Daniel Honan
Description: Painting contractors should aim for a 40% gross profit margin. Review your numbers over the past 12 to 24 months to see if you're competitive. Warren…

13 Jun 2023 · 1 min

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Painting contractors should aim for a 40% gross profit margin. Review your numbers over the past 12 to 24 months to see if you're competitive. Warren Buffett has observed similar margins across other industries.

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What I've seen over the years, the average gross profit for painting businesses is around 40%. So, you know, if you want to know if you have a competitive advantage in your marketplace, look at your gross profit over, you know, the last 12, 24 months and see, do you have a 40% or higher gross profit? That's going to be, you know, from what I've seen working with hundreds of painting businesses over the years, that's held true. The average is about 40% gross profit margin, and that's Obviously something that Warren Buffett also saw in different industries as well.