How To Start an Excavating Business in

Vermont

Wondering how to start an excavating business in Vermont? Looking to start an excavating business? Nate Jones Entrepreneur is here to help you with a free excavating business plan below. Starting your excavating business in Vermont the correct way is important. 

How much does it cost to start an excavating business?

• $80,000 - for a used excavator

• $45,000 - for a used skid steer

• $60,000 - for a used truck and trailer

• $4,000 - for insurance If you need insurance, reach out to Excavating Insurance Partners, they work with a lot of Excavating Businesses. excavatinginsurancepartners.com

• $200 - for Truck DOT Registration

• $200 - for LLC or corporation registration

• $2,000 - for business marketing

• TOTAL COST TO START: $191,400-$200,000

• TOTAL COST USING FINANCING:​

  • TOTAL Down Payment: $40,000

  • Monthly Payment: $3,400 a month on a 10 year loan

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How much a month does it cost to fuel up an excavator?​

• $1,000-$1,500 a month = 350-400 gallons of diesel fuel a month

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How much money can you make with an excavating business?

How much can you make Digging Basements? $10K - $30K = Average $20,000 per job

How much can you make Grading Land? $1K - $3K = Average $2,000 per job

How much can you make Preparing Foundations? $3K - $4K = Average $3,500 per job​

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How much does an excavating company make monthly? 

• 1 Basement = $20,000​

• 2 Land Grading Jobs = $4,000

• 3 Foundation Preparations = $6,000

• Excavating Companies make around $30,000 a month or $360,000 a year

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Are excavating businesses profitable?

• Yes, excavating businesses are profitable, an average excavating company profits around $19,000-$20,000 a month or $188,000-$190,000 a year.

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Types of Excavating Businesses:

• Land Clearing Business

• Demolition Business

• Mass Excavation

• Septic Tank Installation

• Utility Installation​

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Positives of an Excavating Business

• This Business is always needed. Land will always need to moved when homes and commercial properties are being built. 

• This business can be scaled. You can continue to add more employees, equipment and bigger jobs.

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How do you get excavating jobs? 

• Create a website with SEO (Search Engine Optimization) and post on social media apps. 

• Network with local home builders, general contractors, home remodelers, etc. 

• Sign up with Contractor Back Office (contractorbackoffice.com) to get leads for excavating jobs. 

How to Start an Excavating Business 

• ​Save up money for down payments on excavating heavy equipment

• Form your LLC with the Federal Government (Obtain an FEIN here) and Local Government

• Obtain a DOT Number from the FMCSA

• Purchase Insurance Here (Excavating Insurance Partners)

• Make connections with local general contractors, home builders, other excavating companies, and local marketing.

• Run your business!

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