New Shop On The Block???

[subnsxr]

my business numbers below:

sales - 900,000 annual sales

shop - 60,000
elec - 4000
water - 1000
trash - 3000
workers comp - 30000
general liability ins. - 11000
lawer fees - 1000
auto repairs - 2000
gas - 6000
payroll - 250,000
materials - 350,000
social security - 20000
tool repair - 2000
cell phones - 5000
med ins - 0
fire ins - 2400
auto ins - 3600
marketing - 10000
fighting bad employees - 5000
theft - 3000
alarm - 1000
webpage / internet 2000
my salary - 75000

net profit - 53000

general mistakes and losses sometimes equals the 53k earned and I am still short handed and work 80 hours a week. :argue:

 

[GIL]

my business numbers below:

sales - 900,000 annual sales

shop - 60,000
elec - 4000
water - 1000
trash - 3000
workers comp - 30000
general liability ins. - 11000
lawer fees - 1000
auto repairs - 2000
gas - 6000
payroll - 250,000
materials - 350,000
social security - 20000
tool repair - 2000
cell phones - 5000
med ins - 0
fire ins - 2400
auto ins - 3600
marketing - 10000
fighting bad employees - 5000
theft - 3000
alarm - 1000
webpage / internet 2000
my salary - 75000

net profit - 53000

general mistakes and losses sometimes equals the 53k earned and I am still short handed and work 80 hours a week. :argue:

I must say I am amazed, I really didn't think there was that much money in a jet ski business! I'm glad to see u r doing fairly well other than having to be there 80 hrs a week. I think a human being can get sick of just about anything if u do it enuf! Hang in there-looks like u r doing good!!!

 

[njfl]

I must say I am amazed, I really didn't think there was that much money in a jet ski business! I'm glad to see u r doing fairly well other than having to be there 80 hrs a week. I think a human being can get sick of just about anything if u do it enuf! Hang in there-looks like u r doing good!!!

How is $53k/year in any business for 80+ hour weeks doing stuff for other people and worrying about finding/keeping good honest workers good???

 

[Big Kahuna]

How is $53k/year in any business for 80+ hour weeks doing stuff for other people and worrying about finding/keeping good honest workers good???

I think he is saying the business is netting $53k, his salary was included..... I may have read that wrong.

 

[yamaslut]

How is $53k/year in any business for 80+ hour weeks doing stuff for other people and worrying about finding/keeping good honest workers good???

his salary is $73,000.00 per year + $53,000.00 profit

$126,000.00 gross

not sure how much of that goes back into the company to grow, but seems pretty good to me...

 

[Idok]

his salary is $73,000.00 per year + $53,000.00 profit

$126,000.00 gross

not sure how much of that goes back into the company to grow, but seems pretty good to me...

126,000 to work 12 hr. days x 6 days a week, and a short 8 hour day on sunday.....:eek2:

 

[yamaslut]

126,000 to work 12 hr. days x 6 days a week, and a short 8 hour day on sunday.....:eek2:

well, I make around 35k for 40 hrs.. yes, that pathetic

you do the math...

 

[sjetrider]

his salary is $73,000.00 per year + $53,000.00 profit

$126,000.00 gross

not sure how much of that goes back into the company to grow, but seems pretty good to me...

Less than 12% margin YIKES!!!!!!! an error could fold you QUICK Successfull IMO would be like 20% or better.

 

[yamaslut]

Less than 12% margin YIKES!!!!!!! an error could fold you QUICK Successfull IMO would be like 20% or better.

yeah... you would know better than me....
I'm poor... that sounds good to cheap ********ers like me

 

[sjetrider]

yeah... you would know better than me....
I'm poor... that sounds good to cheap ********ers like me

Dont know from my own experience unfortunateley, but from working to make someone else 25% margins:crazy: I will never learn.

 

[FL-cracker]

If you want that, just call Kevin @ www.LEGDRAG.COM

He is the best shop I have ever dealt w/... Never an excuse, just parts on time

Yep... Kevin has helped me out so much its unbelievable... I drove down to West Palm one morning with complete ski fully assembled, Kevin and I tore my motor down, he ported my cases, we put together a bigbore, did some steering mods, probably 100 other little details that needed addressed and had the entire boat back together and running that night. :Banane09:

I need to go out to the garage right now, and Sharpy up some Legdrag stickers on my boat.

Kevin is the man.... and he always gets my parts out on time. Cant say enough about the guy. :friday: