Patrick Kennedy in Florida

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I found the article I was looking for. Maybe emahler can give some business numbers for what his P&L might look like.

He started in a building (rent/lease/buy?), two box trucks with advertising skins, materials, two techs, an office manager & himself. He's advertising in five phone books & three TV stations. First quarter this year his two techs have run 216 service calls and had 11 service/panel changes.

Dave
 
Sparky555 said:
First quarter this year his two techs have run 216 service calls and had 11 service/panel changes.
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Jeeze, I must be doing something right. I'm smoking his butt compared to those numbers.

Got a link to the article, anyhow?
 
ArcnSparkElD49aR03bP01ZL_mdm_full.jpeg


The first guy I worked for went out on his own and founded Arc N Spark Electric. I seized the opportunity to give him grief for it, but he says he's really busy (in spite of) the name. :)
 
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We had a contractor Tomato Electric On his trucks "We're Ripe For Your Business"

Companies like Sparky actually pioneered the service industry that exist today. If it wasn't for them electricians would still show up in pick up trucks with a ladder and roll of Romex in the back for $30 an hour.
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Maybe I am missing something or maybe it is the area I live in but HORSE HOCKEY.
 
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George Stolz said:
ArcnSparkElD49aR03bP01ZL_mdm_full.jpeg


The first guy I worked for went out on his own and founded Arc N Spark Electric. I seized the opportunity to give him grief for it, but he says he's really busy (in spite of) the name. :)
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I couldn't help but notice the grounds are facing down on his "stickman" logo, and the ground pin has been removed on the plug! :grin: :D
 
Sparky555 said:
I found the article I was looking for. Maybe emahler can give some business numbers for what his P&L might look like.

He started in a building (rent/lease/buy?), two box trucks with advertising skins, materials, two techs, an office manager & himself. He's advertising in five phone books & three TV stations. First quarter this year his two techs have run 216 service calls and had 11 service/panel changes.

Dave
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i could...and be fairly accurate...however, i believe patrick kennedy is way smarter than i am when it comes to this...

but i can tell you, his target is about $350k/yr/truck...
15% Material - $52,500

Gross Labor per truck $297,500 / 1350 hours = probably in the $200-$250/billable hour range...
 
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emahler said:
Gross Labor per truck $297,500 / 1350 hours = probably in the $200-$250/billable hour range...
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That's way above the going rate. Nobody will pay that. You can't charge that much. You're ripping the customer off. You won't stay in business very long with rates that high. That must be one of those companies you hear advertising on the radio - bunch of crooks.


Did I forget any? :D
 
peter d said:
That's way above the going rate. Nobody will pay that. You can't charge that much. You're ripping the customer off. You won't stay in business very long with rates that high. That must be one of those companies you hear advertising on the radio - bunch of crooks.


Did I forget any? :D
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maybe...keep trying...
 
peter d said:
That's way above the going rate. Nobody will pay that. You can't charge that much. You're ripping the customer off. You won't stay in business very long with rates that high. That must be one of those companies you hear advertising on the radio - bunch of crooks.


Did I forget any? :D
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Actually that is on the low side, check out this months CE Pro's top 100 installation and service companies, they all had a 9% jump in the past year, and they are all at or near those figures, they report a lot of revenue, so somebody must think, the prices are good.

You can't be above a going rate that does not exist.
 
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jrannis said:
He going to have to hire guys with a wife thats a nurse.

Looks like 80k is the new 25k
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...at least 80 is what I rather should have said. That sticks in my mind from earlier investigation on that matter.
 
emahler said:
i could...and be fairly accurate...however, i believe patrick kennedy is way smarter than i am when it comes to this...

but i can tell you, his target is about $350k/yr/truck...
15% Material - $52,500

Gross Labor per truck $297,500 / 1350 hours = probably in the $200-$250/billable hour range...
Click to expand...

I took a wild swing at this & thought his OH is $40k/mo.

$120k/227 calls=$528.63 average invoice for breakeven.

Dave
 
Mr. Kennedy has made it down here to my neck of the woods. He is set-up just north of my jurisdiction in Sarasota County. He pulled a permit here in North Port about 3 weeks ago for a service change/upgrade. I met him in the office while he was applying for the permit.

He seems to be a nice guy and his work was great. I approved his inspection without a single issue to comment on.

I hope to get him in involved with our local IAEI Division.
 
is funny how much better of a job you can do when you aren't trying to cut corners to make money....
 
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