Below is an article by guest blogger, Paul DelFino of Opportunity Inc. about how to set the stage for the greatest return on your investment in a decorative concrete engraving business.
Decorative Concrete Engraving Is All About ROI
What Return On Investment Should You Expect From Engrave-A-Crete Equipment?
Paul J. DelFino
Engrave-A-Crete has been successful for over two decades because its mission is to allow its customer to make money with its tools and processes.
Many attendees at the Engrave-A-Crete monthly Discovery & Training Seminar eloquently describe how they were enticed by the art of decorative concrete engraving. However, when pressed, all eventually admit they came to Engrave-A-Crete to learn how to make money. Frequently asked questions are
-What Can I Charge?
- What Can I Make?
PRICING - Pricing for decorative concrete engraving services varies and is dependant on: geographical location, the complexity and degree of personalization/customization of the project and materials being used for inside or outside work. Similar work can command anywhere from $4.00 to $25.00 a square foot depending on any or all of the factors above.
WHAT GROSS PROFIT CAN I MAKE? – For illustrative purposes the?? simple project budget sample below is offered to demonstrate the potential.
SIMPLE JOB — AVERAGE JOB — COMPLEX JOB
SAMPLE PROJECT:
1000 Sq Ft for each type: Simple Job, Average Job, or Complex Job
Revenue Per Foot:
Simple Job — $3.00 | Average Job — $5.00 | Complex Job — $10.00
Project Revenue:
Simple Job — $3,000 | Average Job — $5000 | Complex Job — $10,000
Less Stain & Sealer Cost:
Simple Job — ($440) | Average Job — ($685) | Complex Job — ($1250)
Less Misc. Materials:
Simple Job — ($100) | Average Job — ($100) | Complex Job — ($100)
GROSS PROFIT:
Simple Job — $2,460 | Average Job — $4215 | Complex Job — $8,650
Less Transportation Cost:
Simple Job — ($200) | Average Job — ($300) | Complex Job — ($400)
NET PROFIT:
Simple Job — $2,260 | Average Job — $3915 | Complex Job — $8250
Estimated Hours Of Work:
Simple Job — 25 – 30 | Average Job —30 – 40 | Complex Job— 50 – 60
Estimate Profit Per Hour*:
Simple Job —$75–$90 | Average Job — $98–$130 | Complex Job — $137–$165
* Does not consider allocation for other overhead or equipment amortization.
DO THE MATH ??? If, as an owner operator you earn $125.00 per hour and work an average of 50% of a traditional 2000 hour work year, your gross income could be $125,000 annually. This result is possible with any investment in an Engrave-A-Crete business package of between $4,000 and $57,000 with NO ongoing royalty payment of any kind.
The accepted efficiency rating of measuring investment or a business opportunity is ROI (Return On Investment). ROI is a calculation of the benefit of an investment over time divided by the cost of the investment with the result measured as a percentage or ratio.
In the above example an investment in Engrave-A-Crete equipment and gross income of $125,000 for 5 years, will yield you a return on investment of 10 up to 155 to 1!
Of course all business opportunities require full due diligence but the opportunity here is a REAL OPPORTUNITY!
Paul DelFino is a principal of the consulting firm Opportunity Inc.?? For nearly 15 years, Opportunity Inc has assisted entrepreneurs in growing their businesses, hurtling economic downturns, and with Merger and Acquisition activity.
Visit www.opportunity-inc.com to learn more.
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