Income $60,000 $300,000
The range of income for the first year will depend on how many projects you are capable to working. The challenge with this type of business is the amount of time it takes to plan and construct the bathrooms, kitchens and patios. You will need to complete at least one project a week in order to earn an average of $50,000 a year. However, the more expensive the housing development, the more expensive the projects will be.
Tile lying is a specialty, which can be learned. It will require a lot of practice however.
People who purchase new homes typically need to have both parties working to support the house payment. Their enjoyment of the house will be increased drastically by having upgrades like specialty tiling inside and out. Even though their house is just like everyone else’s, it’s these specialty jobs that allow them to exhibit their own individuality and style.
Your clients will be typically consist of new construction sites. Although they will usually be in new housing developments, you will also find clients in older tracks homes. Look through the newspapers for relevant articles, permits and advertisements.
New restaurants will also be a great resource for new business. In order to become a referred contractor, you could approach local franchisors for introductions to the new franchise locations.
This is a relationship-based business. It makes sense to hang out where the construction foremen hang out. Get to know them personally before you ask for their business. It is an obvious ploy, but people like doing business with people whom they know.
It will carry a lot of weight if you can get a personal introduction to the foreman at a construction site through a mutual friend.
Architects will be a great resource for referrals to new restaurants owners.
Your Power Partners will consist of Mortgage Brokers, Realtors, Appliance Dealers, Fencing and Pool Designers, as well as residential and commercial Landscapers.
The conversations with these Power Partners should indicate your willingness to provide them with referrals, as you become aware of clients who need their services. It is important you meet with these Power Partners in person the first time, and then keep in touch with them weekly by email or by phone.
You will need to have tile cutting and setting tools, a wench to lift the boxes of tiles, and canvas to cover the load in the truck, as well as a resource for additional labor.
Most materials suppliers have resources, which help, in the design and in calculating material costs. I discovered this website that has great examples and estimating tools.
Personality Type: Expressive, Amiable
Total Start Up Costs: Less than $1500
(This does not including the truck, but it does include business cards, tools, a phone and advertising)