The amount it costs to stripe a parking lot in the United States will be determined by a wide range of factors. However, reports have it that parking lot striping in the United States costs around $0.25 to $1 per linear foot, although this will depend on the width of the line.
It is believed that parking lot striping pricing for 30 to 50 spaces averages $500 but could cost as low as $300. For parking lots with more than 50 spaces or for brand-new paint jobs, you can expect to earn around $3,000.
There are so many things to take into account when it comes to striping a parking lot. Parking lot striping is very necessary especially in terms of dealing with traffic flow, while making available the maximum number of parking stalls.
As such, well-detailed measuring, calculations, and optimum layout design will all have to be taken seriously. Owing to that, businesses or owners tend to prefer to work with a professional line striping contractor to handle this important task.
Factors That Determine the Cost of Striping a Parking Lot
You need to know the midpoint that is perfect for your business. If you charge too much, you might not get the job. If you bid too low, you might get the job and incur a massive loss.
You need to focus on what will ensure that your company remains in business, and with time, you will be able to note the jobs that pay the best and which ones to stay away from.
Nevertheless, below are factors to take into consideration because they will determine how much you charge to stripe a parking lot.
1. Local Market
This is without doubt one of those valid factors that will determine your rates. As such, it is important you ask yourself certain vital questions before starting out:
How fierce is the competition in the neighborhood industry? Where else can you go to ensure that you can get the exact things you need? Note that it is possible to charge extra if yours is the only parking lot striping business within 15 to 20 miles.
You should never underestimate the importance of your location when determining your pricing structure. The cost to have a parking lot striping in Hawaii will vary from that in Washington.
3. Size and Type of the Job
This is another valid factor to take into account. Does the job entail re-striping faded lines or starting from scratch with a brand-new design?
Do you only paint lines, or are you required to as well paint curbs and parking numbers? How long do you believe it will take you to accomplish the task? To what extent will a crew be needed?
Note that your ability to estimate the duration it will take to finish the job improves with practice. Time spent on each task should be recorded.
4. Material & Equipment Cost
It is important you don’t neglect the cost that comes with acquiring the necessary things you need for the job. Regardless of if you already have them, it is important you consider or ask questions such as What do I have to use to paint?
Will the job only need yellow or white paint? You have to understand that colored paint will cost more. What sort of stencils will you need?
Also don’t forget that custom stencils will cost more and might as well need to be ordered in advance. Make sure you include this in your quote.
What is the Average Industry Cost to Stripe a Parking Lot?
The average industry cost to stripe a parking lot in the United States is around $0.25 to $1 per linear foot, although this will depend on the width of the line.
In addition, the average industry cost to stripe a parking lot in the United States is around $0.03 to $0.10 per square foot on average, but up to $0.25 per square foot for things such as cross-hatching and accessible parking spots.
Normally, painting or parking lot striping businesses tend to charge more per square foot for smaller parking lots, especially since their overhead costs don’t change but remain the same.
Most companies in this line of business are known to charge by the area or square footage of the lot, rather than charging by the number of lines to paint or linear feet.