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#79 How to Price Your Plumbing Business in 2024
The Jered Williams Show
Understanding the components of a plumbing business's financials
In a plumbing business, the cost of goods sold (COGS) comprises materials and skilled labor. For example, a business with $1 million in revenue and $500,000 in COGS, with $250,000 being materials, would result in a gross profit of $500,000. The target for such businesses is a 50% gross profit margin, 30% overhead, and 20% net profit.
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