Whether this is a home renovation business or a washing business, every kind of business has its own average income depending on the market size and the interest of that business for customers.
Not every business in the world can earn an unlimited amount of money as the size, and the market capacity of the business plays an important role in determining how much you can earn in total for your services.
According to Thimble, the top 10% of pressure washers earn as much as $62,393.
So the better you get at what you do, the more income you can earn and give yourself a good lifestyle without the worry of money.
The washing business is one of those businesses that doesn’t have the biggest market size but still can provide good income to its business owners due to the nature of the job.
We will examine pressure washing business income in this article.
Even though you can never know a specific amount you can earn with a pressure washing business, you can have an average income by looking at the prices you can charge to your customers and the corresponding pressure washing businesses around your neighborhood charging for their clients from top to bottom quality companies.
However, it is worth knowing that the price you will charge will totally depend on your skillset and the quality level of the service.
On average, if you want to pay for the essentials and have money left off to live and invest back into your business, you should start your business with $80 to $100 per hour.
Nevertheless, it is always better to make your own calculations, but if you charge your clients $80 per hour, you will have around $65,000 a year, which is not too much but not less, either.
It all depends on your state, the condition you are living in, and how much you need in total.
What You Need
To actually know what you need and to get started with your pressure washing business, there is some stuff that you need to carefully examine and make calculations according to that.
The very first thing is to know every spending you make every month and break it down to hourly rates and add them together.
The number you have will show the minimum amount you need to charge not to lose clients.
You will add on top of that according to how much you actually need to live and invest back into your business for highly qualified pressure washing leads. A good amount is to at least double the number you have.
Having a pressure washing business could be costly as you need a lot of equipment, and you need to be able to make more than you spend which could mean setting hourly rates of around $80 to $100 if you want to make a liveable income of somewhere between $65,000 to $80,000.
However, all of the numbers depend on you, the equipment you use and how much you spend on your business every month, and how much you need to live off. You can always lower or increase these numbers.
Amit Gupta is the founder of National Planning Cycles, a company that helps startups, individuals, and small businesses with their financial planning. He has a vast amount of experience in the finance sector, having managed Google Play accounts for some of the world’s most successful unicorns. Amit is an expert in his field, and he uses his knowledge to help others achieve their individual goals.