posted April 14, 2006 11:03 AM
I have a regular customer who has asked me for an electrical sign, which I do not do. There is a wholesale sign co. not far from here which will do everything (fabrication, graphics, install). I am responsible for obtaining permits and suppling the artwork, very capable of both of those items. My time would be around 3 hours total. What is a fair mark-up.
-------------------- Thom CREATIVE SIGNWORKS Lancaster,PA creativesignworks1@juno.com Posts: 79 | From: lancaster,PA usa | Registered: Dec 2000
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posted April 14, 2006 11:16 AM
This is a high ticket item. I would markup 20 to 40 percent, plus your time.
-------------------- John Arnott El Cajon CA 619 596-9989 signgraphics1@aol.com http://www.signgraphics1.com Posts: 1443 | From: El Cajon CA usa | Registered: Dec 1998
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posted April 14, 2006 11:33 AM
I'm with John, Thom, at least 25% though. I'm normally marking up my costs by 35% or 40% (÷ by .6 or .65) here in Harrisburg. Assuming you charged seperately for your time, I would at least double the time you plan to spend on the project. 3 hours seems to be low to coordinate all the details - get permits, locate the final position of the sign, supervise the installation, etc., and keep everyone happy.
Havin' fun,
Checkers
-------------------- a.k.a. Brian Born www.CheckersCustom.com Harrisburg, Pa Work Smart, Play Hard Posts: 3775 | From: Harrisburg, Pa. U.S.A. | Registered: Nov 1998
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To calculate a markup of 40% multipy your costs by 1.4.
To calculate a gross profit margin of 40% divide your costs by .60
They are different so don't confuse them by using markup when you really mean gross profit margin and vice-versa.
I'm not an electrical type of sign either and if I were doing this job I would be very, very careful of my margins on this job so that I could mitigate my risk.
It's tempting to take the job but one "big" mistake on an electrical job could wind up costing you in $$$.
Of course, as one of the others have said this all depends on what you mean by "electrical".
- denis
-------------------- Denis de Leon Creative Signcrafters 125 Railroad Avenue, suite 4 Hightstown, NJ 08520 Posts: 128 | From: New Jersey | Registered: Jul 2005
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posted April 17, 2006 09:34 AM
Thanks for the help, this sign is a two sided 6' x 10' internally lit sign with 4 individual acrylic panels per side. 16' overall height. I would not consider the job if it were not for the wholesale sign shop being able to do everything. I have general expeience with these types of jobs in that I worked for a sign company at one time which did make these types of signs. So I'm not totally lost, I just wasn't sure if my markup should be the same on this type of job as it is for my "everyday" jobs.
-------------------- Thom CREATIVE SIGNWORKS Lancaster,PA creativesignworks1@juno.com Posts: 79 | From: lancaster,PA usa | Registered: Dec 2000
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