flexiblefullpage - default
interstitial1 - interstitial
Currently Reading

PRIME: Is 2013 meeting expectations?

Advertisement
billboard -
Financials

PRIME: Is 2013 meeting expectations?

This month we asked, “Is the market in 2013 meeting your expectations and projections?”


By Joy Kilgore April 24, 2013
This article first appeared in the PR April 2013 issue of Pro Remodeler.

Our PRIME advisory panel includes some of the remodeling industry’s best

Marketers. This month we asked, “Is the market in 2013 meeting your expectations and projections?”

Indications remain positive

Our plan is to grow 20 percent in 2013 after three successive years of 10 percent growth. All indications remain positive. We are staffed, well-trained, capitalized, and ready for 2013. Excitement and celebration is the key to our culture.

Scott Mosby, President

Mosby Building Arts, St. Louis, MO

Meeting sales budgets and margins

We have budgeted an increase of approximately 20 percent in sales and an increase of 2 points in our margins. In the first two months of the year, all four of my offices are at or above their sales budgets, and margins are about halfway to our goals.

Rob Levin, President

Statewide Remodeling, DFW Airport, TX

Expect an overall increase of 30 percent

We have fairly aggressive goals for this year. We are expecting an overall 30 percent increase. Our remodeling division is budgeted for 20.5 percent growth and Home Performance is expected to achieve 36 percent. HomeForce, our handyman division, is scheduled for 16 percent growth. To date we are selling to our budget and our forecasts are very strong. At least as far out as we can see, we are tracking. In evaluating these numbers, 2012 was a not-so-great year, so we are still a long way from getting back to our 2007 and 2008 numbers.

Tom Kelly, President

Neil Kelly, Inc., Portland, OR

Improvements daily, increased sales

We are starting off 2013 very close to plan and are seeing improvement almost daily. We are still very bullish about the year and are forecasting an increase in sales of approximately 20 percent, with a corresponding increase in profit as we have become a better-managed company.

Nicholas A. Cogliani, Owner/President

NEWPRO, Woburn, MA

Currently ahead of plan

At this point in our fiscal year, we’re ahead of plan by about 3.5 percent. We set what we felt to be aggressive but achievable goals for both sales and net profits. We are exceeding those. Our local market conditions seem to be helping with this increase as consumer confidence is up and real estate values are clawing back some of their lost ground of years past. Also, larger projects that add square footage to the home are helping drive our numbers, which to us translates into clients again believing they will see an ROI when expanding their home’s footprint—even if that may still be a few years off.

Bill Simone, President

Custom Design & Construction, El Segundo, CA

This month we asked, “Is the market in 2013 meeting your expectations and projections?”


Add new comment

Plain text

  • No HTML tags allowed.
  • Web page addresses and email addresses turn into links automatically.
  • Lines and paragraphs break automatically.
leaderboard2 - default

Related Stories

Preparing for an Uncertain 2024

Here's how remodelers can prepare for unpredictable market

4 Steps to Prep Your Business for Contraction

How a remodeling company plans ahead for the worst of times (and the best of times)
 

Creating a Company Fire Drill: How to Prepare for the Worst

A disastrous fire could have been a lot worse if the business wasn’t prepared for the unexpected

The Fundamentals of Growing Profitably

On this episode of Women at WIRC podcast, Nip Tuck Remodeling Owner April Bettinger shares how she plans for her company's profitable growth

3 Things to Add to Your Construction Contract—From a Lawyer

Did you know you can add these three elements to your contracts?

Study Finds Remodelers’ Net Profits Declined

How far did net profits decline and what's influencing the drop?

The Home Depot Bets on Pros Amid Predictions of Flat Sales Growth

For the first time since 2019, The Home Depot’s revenue fell short of Wall Street’s predictions amid a general softening in the home improvement market

Indicators of a Softening Market and How to Prepare

Market conditions could be changing, but don't panic. Richardson shares ways to stay on top of market conditions and how to prepare for any potential softening down the road.

Estimating Three Ways

Three remodelers reveal how they estimate a project

Grow Your Business Through Collaboration with Remodeling Peers

Remodeling Mastery Forums offers a unique business opportuniy for remodelers

Advertisement
boombox2 -
Advertisement
halfpage2 -
Advertisement
native1 -

More in Category




Advertisement
native2 -
Advertisement
halfpage1 -
Advertisement
leaderboard1 -