Body shop profit.
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Hi
I’ m a longtime guest, but registered to have a question answered.
I’ ve been painting at a new bodyshop for one year. I make twelve dollars an hour/fifty-sixty hours a week along with three bodymen. My boss said to me that I made more money than him last year. This baffles me. Although he doesn’ t do any work, labor wise, this seems very wrong to me. Is this normal? If so, then why do this for such a minimal profit? I don’ t get it.Thanks
at 12hr i sure hope you’re just a painters helper and not the lead painter. think your boss is pulling your leg a little. however if it is a new business it can take some time for the owner to make money. a lot is invested. he may very well not be bringing home a consistent paycheck just yet, depending on the overhead/payments he has to make to keep the place going. This is common when someone starts a new venture no matter what it is.
[quote=”ding” post=25150]at 12hr i sure hope you’re just a painters helper and not the lead painter. think your boss is pulling your leg a little. however if it is a new business it can take some time for the owner to make money. a lot is invested. he may very well not be bringing home a consistent paycheck just yet, depending on the overhead/payments he has to make to keep the place going. This is common when someone starts a new venture no matter what it is.[/quote]
welcome ta the future :wak i think we are going ta see this more an more :chairTake that with a grain of salt. If he has a good accountant he probably showed a loss on paper. I made more than GM a few years ago. I have had techs make more than me, but they earned it. Good hard workers.
:welc I don’t know what “experience level” you are at, but if you are THE PAINTER at a legitimate body shop, why are you only making $12.00 an hour??? I’m not trying to rock the boat you are in, but I pay my helper’s more than that most of the time. :cheers
Yea $12hr seems a bit low to me too. How much experience do you have? I am planning on training another employee this year and i will probably start him off with $12hr.
Your boss is probably pulling your chain a little but there are alot of overhead costs that goes along with running a shop. Heat and light bills, rent (if he doesnt own the shop),parts and materials, salarys for the employees, taxes etc. I would estimate that i “take home” 30% of what i make a year. Yea thats pretty grose :sick:
Ps. Whats with that Avatar? :unsure:
I realize that I am underpaid, which is one of the reasons I’ m asking this question. The approach of making me aware of his material costs and profits comes off more as a burden to me when I’ m efficient as possible. It seems he seeks pity because envirobase base costs x amount of dollars, or the handheld dryers are hammering the shit out of his compressors, etc.
He brought me on a year ago with no experience, and I feel I have picked it up well. No cars have come back due to paintwork, I have had to reshoot a few in the beginning, but generally no major problems. Yes, I am the only painter/prepper, but I’ m thankful for the hours.
As for the avatar, It’ s Rob Halford, come on.Cuz he’s doing something wrong.
Overhead too big, too many re-do’s, not enough work in the shop, etc…….
a lot of the big names like service queen, gerbil, sterluck, all pay their painters 11-12 per flag hours but get product bonuses almost like a painter buy system.
and a shop that is benchmarked will make about 30-40% net margin so if he is doing 100k in business he makes 30k profit and if he is smart is putting 15% in a PDF so he is making 15% net. 15K if he is doing 50k in sales 7.5k would be his take home and so on so it could be possible if it is a slow or below average shop or if he had credit extended to open the business takes most shops 3.5 years to get in the black
Just closed a 4 year (profitable) business, not painting, made money, but it wasn’t ‘all profit’…
Some folks thought I had a house made of gold bricks, hahhaah…Many times the owner puts in unknown hours. You may see him 40 hours, but it’s more like 80
in truth. He may be looking at that, as I did. Sometimes you say (as an owner), ” I could make more money as a butcher…”And maybe that’s true… hats off, to the business owner that might make less (hourly) than an hourly employee, happens often.
:weights not always as easy as it seems…
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