A common question among business owners is, "How much should I charge for my services?"
Others might wonder, "What should I expect to pay in costs to run my business?"
Those that crunch their own data often ask, "What profit margin is typical for the industry?"
These types of questions — and many more — are found in the 2010 Restoration Industry Benchmarking Survey Report, sponsored by Phoenix Restoration Equipment.
In the next few pages, take some time to analyze the data, provided by Cleanfax magazine, and compare your business to industry averages.
The numbers
Times may be looking up for restoration company owners. In this survey, you will find that 26 percent indicate they expect their business to "increase significantly," while another 36 percent expect their business to "increase some."
Owner compensation data also indicates better times. In the 2009 survey, 35 percent of respondents said that owner compensation was less than $50,000 per year, while in this year's survey, that number dropped to 26 percent.
Rules and regulations
With the new EPA Lead Renovation Repair and Painting (RRP) rule affecting the marketplace, Cleanfax magazine wanted to know how many restoration professionals were complying. Fifty-six percent of respondents indicated they now have RRP certification.
In addition, 90 percent of respondents indicated they have employee certification by an industry certification association. This is a 15 percent increase from last year's survey.
About this report
The 2010 Restoration Industry Benchmarking Survey Report is believed to be representative of disaster restoration professionals responding to the survey, but is not a scientific survey.
Results are not necessarily based on audited financial statements.
Phoenix Restoration Equipment is underwriting the presentation of this report, but is not responsible for accuracy of the data.
The survey prize winner is…
Cleanfax® magazine is pleased to announce that Brian Kern of ServiceMaster in Kingston, NY, is this year's winner of the Phoenix Restoration Equipment prize package.
Kern was randomly selected from respondents to the 2010 Restoration Industry Benchmarking Survey Report and will receive the Phoenix 270HTx LGR Dehumidifier, valued at $2,599.
Click here to purchase a copy of the survey report.
