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One of the ways that a metal roofing contractor can significantly improve their productivity and overall business is through purchasing rollforming machinery to fabricate the panels their business needs.
But what are some specific reasons or signs that it might be time for you to purchase a rollformer? Why do other contractors decide to purchase a new piece of rollforming equipment?
Sheffield Metals is a trusted distributor of New Tech Machinery portable rollforming machines. Weve worked with hundreds of contractors over the past 25+ years to help them purchase the right roof panel rollforming machine for their specific business needs.
In other words, we know why many contractors buy rollformers and we think its important to go over these reasons in case other contracting businesses are in a similar situation.
One of the top indicators that its time for your business to purchase a rollforming machine is that you want or need more control over your panel production. Its simple: Your contracting business isnt making money if you dont have the panels required to complete your installation projects.
One of the significant drawbacks of contractors purchasing panels from a regional manufacturer is that their installation projects can get held up due to material shortages, shipping challenges, order mistakes, damaged products, etc. These hold-ups can lead to lost jobs/profits, a diminished reputation, and unhappy employees and customers.
One of the best ways to remedy this issue is to bring your panel production in-house by purchasing a roof panel rollforming machine (portable or otherwise).
Having a rollformer allows you and your business to:
If your business is in a good financial position and a rollformer is something you can afford, why not purchase something that will only help you make more money?
Oftentimes, roofing businesses need to spend money to reduce their tax burden. Adding metal fabrication equipment is a great way to lessen your tax burden, minimize needing to add headcount, and expand product offerings while reducing costs at the same time.
We talk to metal roofing contractors and manufacturers all over the country and the number one challenge we all face is hiring and retaining skilled workers. If your CPA indicates that you should spend money and buy an asset, the natural reaction is to add another truck. However, if you cannot adequately staff up, youve added overhead costs with little to no return. Alternatively, you could purchase metal fabrication equipment and use a cross-trained existing staff to operate this profit-generating machinery.
Several financing options are available even if you cant or dont feel comfortable paying for a machine all at once.
When you purchase, finance, or lease equipment in the United States, youre able to write off the total amount of your equipment purchase with the Section 179 Tax Deduction:
Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. Its an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.
Not only will buying a machine reduce the tax burden and assist you with your installations, but having it gives you flexibility for the future. Say you want to stick to installing now but might want to dabble in manufacturing panels for other companies in the future; having a rollformer gives you that option.
Yes, additional costs are associated with owning a rollformer, such as maintenance, upkeep, add-ons, and other miscellaneous costs. However, the profit you can make from the rollformer usually significantly outweighs the money you will put into maintaining the machine.
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In , the outlook for construction is good especially for buildings that utilize sustainable and eco-friendly products. Metal is one of the most sustainable roof and wall products, as its 100% recyclable, often uses previously recycled metal during production, and offers energy savings if using cool metal roofing products.
According to portable rollforming manufacturer New Tech Machinery:
Starting a metal roof contracting business requires significantly less of an investment than other start-up businesses. Since it doesnt require much more than some tools, a few employees, and metal roof installation knowledge in the beginning stages of a new company, its easier to justify spending the money on a portable rollformer that can be used for many years.
In other words, starting a metal roofing contracting/installing company could be a lucrative business idea in your area.
When starting a new installation business, one of the first things you will have to decide is where or how you plan to get your panels. Some options include buying from a regional manufacturer (or factory panel supplier), rollforming the panels in your building on an in-plant rollformer, or rolling/fabricating panels directly at a job site with a portable rollformer.
Many new businesses start by purchasing panels from a regional manufacturer and then move to buy a rollformer as their company makes money. However, were seeing many new business owners wanting to take control of their production by purchasing or leasing a rollforming machine as soon as possible.
A contractor might want to purchase a rollforming machine because they plan to branch into panel supplying of some kind. There are a few different supplying methods, including:
Often, contractors branching into panel manufacturing will still have a roofing installation business while also performing chop and drop panel supplying. Doing so allows for a bridge into the manufacturing part of metal roofing, which is an excellent way to expand your business, diversify, and increase overall profitability.
Lets say youre traditionally a residential metal roofing contractor, but now youre looking to take your business to the next level by bidding on larger residential or commercial projects. Or, you might be simply looking to take on more residential projects. To achieve company growth, you might have to make significant investments, including capital investments in machinery like a rollformer.
A rollforming machine can give you greater flexibility, improve your project efficiency, and provide further control over your panel production, which could be the catalyst for growing your business.
However, before you buy, youll want to consider several questions related to company growth, including:
Theres not always a single reason that it could be time to purchase a rollforming machine. If youre still on the fence, here are some additional reasons weve heard from contractors over the years:
So, do one or more of the above reasons apply to you? It might be time to consider purchasing a rollforming machine to make your business more efficient, independent, profitable, skilled, and versatile.
Whether youre choosing a portable rollformer or a larger in-plant machine, you can start the decision process by:
Sheffield Metals proudly supplies New Tech Machinerys full line of portable roof panel rollforming machines. We regularly assist contractors in purchasing the machine configuration that will make theri business the most successful and efficient.
Interested in adding a rollforming machine to your business? Contact us today to speak with one of our knowledgeable specialists!
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