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Window Security Bars business.
Annually thousands of homes and businesses are burglarized even though many of these same properties have alarms and other types of theft deterrent devices. Many people and business owners are now turning to installing security bars on windows and doors as a method to deter burglars and prevent property entry and theft. The chances of breaking and entering crime stopping or being reduced in the near future is highly unlikely, and this fact is what makes starting a security bar manufacturing and installation business such a good choice for a new venture. The business is very straightforward to get rolling and operate, and security bars can be sold to residential homeowners as well as to commercial property and business owners. In addition to using all traditional advertising mediums to promote the business, you can also establish contacts and alliances with companies such as alarm installers, property management firms, and contractors, all of which can refer your security bar manufacturing and installation service to their clients.
requirements: The main requirements for starting a business that manufactures and installs window and door security bars is to have welding equipment, welding experience, and a workshop large enough to properly carry out the work required to manufacture the security bars.
start-up costs: The investment required to start a window and door security bar manufacturing and installation business will vary. However, an investment of $20,000 to $25,000 will be sufficient funding to establish a small to medium manufacturing facility, as well as provide for the business setup, initial advertising, and marketing budget costs associated with this type of business venture.
profit potential: To establish a retail selling price for window and door security bars consider using the following pricing formula as a guideline. This is a common pricing formula used within the construction and renovation building industry.
Material costs + labor costs x 1.5 or 50 percent markup on costs.
Example: material costs are $100 plus labor costs of $50 multiplied by 50 percent markup or $75 equals the total selling price of $225.
Providing this formula is utilized and the business can achieve yearly sales of $300,000, the business would then generate a gross profit prior to overheads and taxes of $100,000 per year.