Hi there, we are pretty close to those numbers usually right around 50% gross merchant and depending how you wanna pay yourself around 10% net profit. I have a business partner so we are both taking a little bit more than maybe company normally would. Where in Canada land of no opportunity though lol sometimes I feel like if I was in the USA I would be highballing, but maybe that’s just an excuse. Also, I’m in the Vancouver area of Canada and I can tell you from my experience. A lot of the trades are around breakeven. 0% net profit. They have lots of right offs they can drive a nice pick up and have a flexible schedule and that’s basically a win. It seems.
Spot on observation regarding trade habits, but $0 net profit is never a win in my book!
Too many contractors confuse "lifestyle perks"—like write-offs and a company truck—with real profit. If trade operators want to scale, step back from the daily grind, and build true generational wealth for their families, they need to pay themselves as a proper CEO and ensure the company retains a healthy net profit on top of that.
I completely agree. Revenue can look great on paper, but if there’s nothing left after paying yourself and covering the business expenses, you haven’t really built a profitable company. I think the real goal is creating a business that can run without you being involved in every job while still putting money back into the company and building long-term wealth.
