What should the percentage of profit margins be for interior design?
All of the things that make a house a comfortable home. Flooring/ lighting/ plumbing/ paint/ fabric/ furniture/ I think you have the idea by this time.
It's hard to say because it depends on many different factors. Last time I did the whole renovation of mu place myself, and the design I also created myself. And I can say that it was an interesting experience, but the entire process was quite challenging. Luckily, I have a friend, who gave me a few tips; for example, he advised to install Bamboo Flooring because it's one of the best flooring types.
Oh, I think that it depends on many various factors. I can't say a certain number
To know if a business is profitable, you have to know that it all boils down to supply and demand. When it comes to in house creating there's always a demand mainly because in a thriving economy brand-new businesses are generally being started out and when there is a brand-new business, there will be a need for new offices, which in turn would want home designing.
One more source of demand for interior designers is definitely couples. Two lovers decide to live together, get a new house and may possibly want interior designers because of their home.
So there is always demand for the best interior design company. Now comes the next area of the equation-competition. How many interior designers are in fact in your area? It may be challenging to point out the actual amount, but just check work postings and you may discover if your providers are in demand.
In interior to design business fixed margin is not possible it varies from project to project e.g. small project can fetch you 30-40% and a big one it may be less then 10%.