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How To Start an Insulation Business in

Minnesota

Wondering how to start a insulation business in Minnesota? Looking to start a spray foam insulation business? Nate Jones Entrepreneur is here to help you with a free insulation business plan below. Starting your insulation business in Minnesota the correct way is important. 

How much does it cost to start an insulation business?

  • $20,000 Used Work Truck

  • $40,000 - Spray Foam Rigged Trailer

  • $500 - Website, Formation, and Bond

  • $2,500 - Insulation Tools and Small Equipment

  • ​$1,000 - Insurance - If you need insurance, reach out to Wexford Insurance. wexfordins.com they work with numerous insulation contractors. 
  • TOTAL START UP COST: $64,000

How much money can you make operating a insulation installation business?

  • Average Job Gross Revenue: $3,000 - $10,000+ = Average: $7,000 per job.

  • Average Time a job takes: 1-2 days

  • Average Jobs per week: 2-3 jobs

  • Simulation: 2 jobs a week ($7,000 each) = $14,000 a week = $56,000 a month = $675,000 a year.

  • TOTAL REVENUE: $6750,000 a year.

Are Insulation Businesses Profitable?

  • Yes, average profit margin is 35-40% including labor, material, and equipment costs. 

  • 40% = $270,000 a year in PROFIT!

Positives of an Insulation Business

  • As long as you price your services adequately, you will be profitable. 

  • This business will always be needed as houses are being remodeled and built. 

  • This business is more of a niche contracting service which means there is less competition. 

How do you get insulation 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 insulation jobs. 

 

How to Start a Insulation Installation Business 

  1. ​Save up money for expenses and down payments.

  2. Form your LLC with the Federal Government and Local Government

  3. Create your website and social media pages

  4. Purchase Insurance

  5. Find a Lawyer to draft your customer service contract

  6. Implement local marketing. 

Minneapolis - St. Paul - Duluth - Brooklyn Park - Maple Grove - St. Cloud

Need Help Finding a Business Idea?

Download my
E-Book

Are you wanting to start a business but don't know which one or where to even look? Great news, I have done the hard work for you. In this book, you will learn the following: 

  • How to find a business idea that fits your lifestyle.

  • How to uncover business ideas that no one else is starting.

  • How to potentially buy your first business instead of starting one.

  • How to start your business and set it up to succeed.

  • How to scale your business so you have a life.

Looking for a Business Idea?

Are you looking for a business idea? Want to be an entrepreneur but don't know what business to start? This course, Business Idea Blueprint is for you! In this course I will help you find a business idea there is actually an opportunity in. Also, I will help you determine which business is right for you and how to get it off the ground and running! ​​​​

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