Using products that are premade saves time. That’s why in the grocery store there are aisles of frozen dinners, heat-and-eat breakfasts, ready-to-bake pie crusts and more. These items usually cost a little more than if you were to buy the ingredients and make it yourself, but the convenience and time-savings have a value that consumers are willing to pay for. That value allows them to do more in a day because they aren’t spending time making the meals themselves.
The same theory carries over into your roofing business as well. Time translates into money. It makes sense that using a prefabricated, ready-to-use flashing will result in the crew completing the installation quicker. Rather than cut the membrane in the field and piece together a flashing, the crew simply grabs the ready-to-use cone and welds it in place. While you know that it’s going to be quicker, it’s harder to figure out the monetary return that using prefabricated flashings will deliver to your bottom line. That’s why we conducted this time and value study.
We met with a roofing contractor to put together some real-world numbers to examine how using Acme Cone products affected his business. His company completed about 300 commercial jobs per year, with four crews for a total gross revenue of $7 million per year. Each crew installed about 75 jobs per year with each installation averaging about 3.3 days. They spent an average of six hours per job installing field-fabricated flashings.
Introducing Acme Cone flashings into the installation reduces the six hours per job that was spent on flashing to three hours per job. Assuming that the crews are working each of the 250 available working days throughout the year, by using prefabricated flashings, they have reduced their length of days for each installation from 3.3 days to 3.0 days.
By getting back that one-third of a day, that crew that was previously installing 75 jobs per year can now do 84.5 jobs in that same year - without increasing the labor costs. The average revenue per job is $23,333, so adding 9.5 additional jobs adds another $221,663.5 of revenue throughout the year from just one crew.
With all four crews using Acme Cone flashings the roofing contractor increases the total number of jobs completed in a year from 300 to 338 using the same amount of manpower. The company’s gross revenue would increase by $887,324 bumping the gross revenue from $7 million to $7,887,324.
Are you curious what your numbers would look like? Sign up today for a free, personalized time-to-value study and we will send you one of our cones so you can see the difference for yourself.
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