HOW TO START An Excavating Business
Wondering how to start an excavating business? 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 the correct way is important.
How much does it cost to start an excavating business?
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$80,000 - for a used excavator
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$45,000 - for a used skid steer
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$60,000 - for a used truck and trailer
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$4,000 - for insurance If you need insurance, reach out to Excavating Insurance Partners, they work with a lot of Excavating Businesses. excavatinginsurancepartners.com
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$200 - for Truck DOT Registration
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$200 - for LLC or corporation registration
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$2,000 - for business marketing
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TOTAL COST TO START: $191,400-$200,000
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TOTAL COST USING FINANCING:​
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TOTAL Down Payment: $40,000
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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?​
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$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?
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1 Basement = $20,000​
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2 Land Grading Jobs = $4,000
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3 Foundation Preparations = $6,000
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Excavating Companies make around $30,000 a month or $360,000 a year
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Are excavating businesses profitable?
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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:
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Land Clearing Business
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Demolition Business
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Mass Excavation
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Septic Tank Installation
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Utility Installation​
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Positives of an Excavating Business
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This Business is always needed. Land will always need to moved when homes and commercial properties are being built.
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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?
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Create a website with SEO (Search Engine Optimization) and post on social media apps.
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Network with local home builders, general contractors, home remodelers, etc.
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Sign up with Contractor Back Office (contractorbackoffice.com) to get leads for excavating jobs.
How to Start an Excavating Business
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​Save up money for down payments on excavating heavy equipment
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Form your LLC with the Federal Government (Obtain an FEIN here) and Local Government
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Obtain a DOT Number from the FMCSA
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Purchase Insurance Here (Excavating Insurance Partners)
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Make connections with local general contractors, home builders, other excavating companies, and local marketing.
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Run your business!
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FIND YOUR STATE GUIDE TO STARTING A BUSINESS
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