Shop Rate Calculator (Excel Spreadsheet)

Accurately calculating your shop rate is essential for running a profitable and sustainable cabinet shop. Your shop rate determines how much you need to charge per hour to cover overhead, labor, shop materials, and desired profit margins. Without a precise understanding of your costs, you risk underpricing jobs, cutting into profits, or overpricing and losing potential customers. A well-calculated shop rate helps you stay competitive while ensuring every project contributes to the long-term success of your business.

Easily determine your shop’s hourly rate with this simple, user-friendly spreadsheet. Just enter your overhead costs, employee hours, shop margin, and let the tool do the calculations for you. No more guesswork—get a clearer understanding on how annual expenses and business profit margins play a vital role in the pricing of your products and services.