There is a MASSIVE NEED for an Insulation Contractor Business because there more houses being built right now than ever in history. Every one of those houses, need insulation.
How much does it Cost:
Truck: $20K
Sprayfoam rig trailer: $40K
Website, formation, bond: $500
Tools: $2,500
Insurance: $1,000
START UP COST: $64,000
Loan: 20% down, $12,800 down, $51,200- 10 year note: $676/month at 10% interest
HOW MUCH CAN WE MAKE/CASHFLOW
Average Job depending on SQFT: $3,000 - $10,000+ = $7,000 average per job.
Average length: 1-2 days
Average jobs per week: 3
2 jobs per week * $7,000 per job = $14,000/week = $56K/month = $675,000/year
CASHFLOW:
Profit Margin with Labor/Equipment/Spray foam = 40%
$56K / month - $22,400 profit per month = $270,000/ year profit!
PAY OFF DEBT! Buy another trailer.
Positives of this business:
Profitable
Always needed. TRADES
Think of ways it will fail:
JOBS - Network with home builders, custom home builders, commercial builders, investors (flippers), website, marketing, homeowners
Quality: Learn how to sprayfoam
Showing up on time: Scheduling being organized.
Legal Up
LLC
Insurance
Customer Agreement
Commit to Starting
#contractor #construction #contractors #constructionlife #businessideas #sidehustle #entrepreneur #entrepreneurship
8 окт 2023
