When setting up a roofing company, you need to know exactly how much you can charge to complete the work. Direct costs are easy to estimate, but soft costs must be considered to break even. These include labor wages and operational expenses, such as signage and stationery. Material costs are paid for from job deposit checks. If you plan to use a credit card, you can order them online. A small office space can help you get started.
Roofing contractors made an average of $22,520 in 2010, according to ZipRecruiter. This is down from the previous year when only nine percent of roofing owners made that much. The highest paid individuals made $34.10 per hour and earned an average of $70,920 a year. Depending on experience and location, however, the average salary for a roofing contractor may vary significantly. To get a better idea of how much you can expect to make as a roofing contractor, check out ZipRecruiter’s salary table.
As a roofing contractor, you will be paid based on the size of the job and location. However, this number will vary from state to state. You should expect to earn $10k for every 100 roofs you sell. Assuming you get four leads a week, you’ll need to sell at least 100 roofs a year to achieve this figure. If you don’t have the time to spend on training, you can choose to work from home during the colder months like winter and fall. You can take long breaks in between jobs to avoid feeling rushed or burnt out.
Another important factor to consider when determining how much to charge for a roofing job is the markup. You can calculate the markup percentage using the formula Profit/Cost*100. The markup percentage you should target depends on the profit margin you are looking for, but it is a general guideline to aim for a margin above 6%. It’s always better to aim for a higher markup than the industry average.
When preparing a roofing bid, be sure to include line item images and a breakdown of costs and pricing. Include additional service notes and important terms and conditions. Once a client approves the bid, it cannot be changed. This makes it more efficient and profitable for everyone involved. A roofer should always be aware of building codes and local regulations before establishing a price range. However, most of the roofing contractors underbid jobs and underbid them.
While roofing is an extremely physically demanding career, there are also other benefits. With the proper training and experience, you can advance your career and specialize in one or more specialties. In addition to the basic knowledge you will gain, you can also earn certifications in specific fields. As a result, your skills will prepare you for long-term career paths in the roofing industry. For example, you can become an estimator, project manager, or even a building contractor.