Magazine article Independent Banker

Painting Contractors

Magazine article Independent Banker

Painting Contractors

Article excerpt

With the increase in the do-ityourself movement fueled by the large hardware outlets, many people may wonder whether there is any reason to still hire a professional painting contractor. The answer is that from the largest steel structure, to the smallest house around the corner, professional painting contractors provide an expertise and experience that ensures these jobs are done right the first time and customers get the best value for their dollar. Painting contractors advise on the best coating for the job, assist in choosing colors, provide complete service including preparation and cleanup, and in many cases offer a satisfaction guarantee that insures the end product is what the customer wanted.

Coatings are applied for two reasons: protection and aesthetics. Both are important valid even though one might be a higher priority. When looking at the coatings application industry, it must be remembered that there are as many variations as there are types of structures to be painted, and types of coatings to be applied.

That variety may provide one explanation for the growth of the industry and the ability of so many painting contractors to survive. Many develop highly specialized niches which allow them to concentrate their resources and take advantage of economies which come with doing similar types of jobs many times. These niches can be as narrow as certain types of structures, or specific interior finishes, or focussing on projects of a certain size.

Typically, painting contractors start out handling residential projects. These generally offer the least barriers to entry into the trade and house painting is often the way many potential contractors learn the trade. Painting contractors that focus on residential projects generally remain small.

A 1995 survey of 22,000 members of Painting and Decorating Contractors of America, with almost 10 percent responding, found that 85 percent of the painting work being done by firms grossing less than $100,000 in revenue was for homeowners, and about 12. …

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