Estimating Labor cost for tile job

I have recently launched a part-time handyman business in the northeast. The work is increasing but also the variety of work as well. I have a bathroom re-tile job to estimate and I was wondering how to determine a fair price for the customer. I have been charging 20-25 an hour plus supplies for other types of jobs. If I use a flat rate and estimate the time to do each portion of the job, and roll in the stock with a 5% markup would that be realistic? I’m still new at this so I’m still trying to fine the right labor rate to attract growth but also turn a profit. Any advise would be appreciated.

George the Handyman

 

If you want to make $200 a day after daily expenses and you want to work an 8 hr day then $25 an hr would be good. Out of that $200 would come your insurances, gas, vehicle maintenance, cell phone minutes, .... you get the idea. Considering the time expenditure to get the material I would mark it up about 15%

 

Thanks...

 

Good luck with your business. If you ever have any questions about which fork in the road to take while doing a tile job post back with the question and you will get a straight answer. Unfortunately, sometimes it may not be the answer you want to hear