ST Alpha - "for joe the plumber to make 250K a year he'd have to bill 250/h 10hrs/day 50wks a year" (Reading a Post)

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for joe the plumber to make 250K a year he'd have to bill 250/h 10hrs/day 50wks a year

Posted by zeitgeist Oct 17 '08, 19:45

generally a service business that bills for parts and labor works on a 2.5 - 3x mark up to cover expenses like overhead and marketing so he'd have to gross 625K.

of course some of that could be managing a half dozen employees too which is doable. (and it sounds like that is what he works as/for now) we have a biz in the area that advertise constantly, stop freakn, call beacon, but that's a big expense and they are being investigated for sending out unqualified 'apprentisses' and trainees instead of journeymen and charging the highest rates when its an emergency, like a big pipe of sewage is filling the basement, their take it leave it now rate is like 5x what a low overhead place would charge.

Responses:

5 employee's billing at $50/hr, 40 hours/week, 50 weeks a year is 4 million annual gross for labor - Scorpion Oct 17, 20:49 1
- Doh, 500k -- nm - Scorpion Oct 17, 20:50
I couldn't even get Beacon to come out when my ceiling was collapsing and dumping water. - psilotum Oct 17, 20:33 1
- that's another story, its like a cabal, there's only about 3 or 4 electricians or plumber etc despite the dozens of ads in the phone book -- nm - zeitgeist Oct 17, 22:52
It would have to be more than that. You aren't counting expenses, depreciation, etc. For a small business owner to actually *make* 250k/year in income - Trish Oct 17, 19:56
Sounds like Subversive's contractor. -- nm - CrankYanker Oct 17, 19:49

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for joe the plumber to make 250K a year he'd have to bill 250/h 10hrs/day 50wks a year

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