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Jay12

12/18/09 11:10 AM

#8880 RE: Happy12 #8879

Thanks for the info.
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MoNeY GuY

12/19/09 3:51 PM

#8891 RE: Happy12 #8879

They are usually working off of 9-13% mark-up, and yes they can go to Chicago or any other place to work. What they do is pull workers from that local union hall and send thier own Project Managers to run the jobs. This I know because I worked for these people in the past and have estimated for them also.
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Charlie48

03/29/10 3:42 PM

#11140 RE: Happy12 #8879

very interesting about margins...looks like a tuff business to win bids on
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tvmetguy

03/29/10 3:47 PM

#11145 RE: Happy12 #8879

Awesome info...thank goodness SARO has its own IT department and proprietary software, that'll add huge margin. No need to use third party software for these climate control systems.

Even if margin is only 10%, I'll take 3.5 mil profit, and chances are their 2010 rev will be much more than 35 mil...they did 35 mil in 2009 during the peak of the slump.

Maybe 5-7+ mil profit for 2010 is doable