How to Start an Insulation Business ($675K/Year)

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How to Start an Insulation Business ($675K/Year)

Рет қаралды 8,983

10 ай бұрын

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

Пікірлер: 62

@ZeginMakesMusic 3 ай бұрын

I install cellulose insulation. I rent a uhaul, then drive to home depot where I buy the insulation and the machine rental is free. My cost is $500. I charge $1 per square foot making me about 2k in profit. The only actual equipment that I own is a knife. I can do more than 2 a day saving on the rentals.

@nate_indiana_jones 3 ай бұрын

Dang that’s awesome! Crazy profit! How many days a week do you work?

@reynaldoalpizar Ай бұрын

Do you need any license or anything like that to start it or can you just get an LLC and start it

@diegobarnes1746 8 күн бұрын

Great content. Thanks for sharing those important tips. I am in the process of starting my own polyurea coating business. You've definitely earned a sub and am looking forward to more of your content. Keep up the great work!

@nate_indiana_jones 8 күн бұрын

Thanks! 🫡🫡 hope your business venture goes great!

@tryhardklla8322 4 ай бұрын

Shop/wearhouse space not included. You’ll need spray foam training $950/person Marketing: $5k-35k per month (depending on what your target is) I am a successful insulation company owner and I’ll be real with y’all you can make wayy more than $270k/year cash flow. Times that x4 if you do it right. Focus on your second million. One rig won’t do it

@nate_indiana_jones 4 ай бұрын

That’s awesome, sounds like you are crushing, any advice for someone starting out?

@GrandeTacos 3 ай бұрын

@@nate_indiana_joneslol he uploads COD mobile game play. 100$ says my 7 year old has more in her coin jar than he really has lol

@34556t 2 ай бұрын

Really? Come on man no way u can net a million on each truck bullshit

@ruslee5996 Ай бұрын

Hey bud could I ask your opinion on something? I’m in FL, where are you?

@DrOliverJ 3 ай бұрын

Good video however there's some things to keep in mind. The spray equipment and trailer and truck will cost $100k on the low end. The equipment not simple to fix and needs to run regularly. You should have clients already set up and be handy and somewhat mechanicaly savy. It's also very competitive in many cities.

@nate_indiana_jones 3 ай бұрын

Awesome information, thanks for sharing!

@vicalisauskas6029 7 ай бұрын

Good video Nate. Just insurance cost in New Jersey around 12 k a year for small family company.

@nate_indiana_jones 7 ай бұрын

Wow! That is pretty high!

@philhensley5986 5 ай бұрын

Your insurance rates shouldn't start out that high if you have only a few employees and pieces of equipment.

@nate_indiana_jones 5 ай бұрын

@@philhensley5986 yeah every state is different

@jacobwaltemath1294 5 ай бұрын

A nice spray trailer with low hours near me is about 70k for the trailer and machines..

@nate_indiana_jones 5 ай бұрын

Jeez! Pricing have gone up!

@geoff3379 7 ай бұрын

great knowledge!! thankyou for sharing!

@nate_indiana_jones 7 ай бұрын

Anytime! Glad you got value.

@Real_N_MS7414 9 ай бұрын

Great content!!!

@nate_indiana_jones 9 ай бұрын

Thanks! 🙏🏻

@ErickaWilliamsCC 8 ай бұрын

Great content.

@nate_indiana_jones 8 ай бұрын

Thanks 🙏🏻

@adamcoatta7546 6 ай бұрын

mint video!

@nate_indiana_jones 6 ай бұрын

What do you mint? lol

@jamesscott479 5 ай бұрын

I've been spraying foam for 30 years. I've noticed in the past couple years. There's a lot more people in this area spraying foam The market's getting saturated. The prices are going to start being cut word that free. I hate to have to owe equipment home and vehicle payments. Good luck to the new guys. I'm heading out. The profit's not as big as it used to be. You're feeding these people false information.

@nate_indiana_jones 5 ай бұрын

Yeah if the market gets flooded, the pricing will go down.

@hidros1461 4 ай бұрын

How much do you actually make? Realistically? Thank you

@jamesscott479 4 ай бұрын

There are so many applicators in the market. Nowa days, it's hard to make a living, just spraying foam insulation. It's getting to be. A addition, business to heat and air drywall. Framing, you can't make a living spray in foam insulation by itself. This is my last year. People getting desperate to make ends meet. Spraying To thin and spraying off ratio is getting to be. More of a issue than ever. Before.

@jamesscott479 4 ай бұрын

It would be hard to start a spray foam installation. Nowadays. 30 years ago I was the only guy other than one other in Oklahoma? People are doing jobs around here for less than 50 cents a square foot profit.

@newyorktruestorys 4 ай бұрын

Bro you had it for 30 years why you complaining. Probably you didn’t use marketing and you provided bad costumer service. Things change and you have to stay on top of your business instead of complaining on youtube . The reason you are here is to discourage people to move on not everyone is your competition. Take care

@AquilesBaezaCabeza 5 ай бұрын

Not sure if I miss it but what kind of licenses does someone with no experience needs to get and which ones? Because I though you need to be a licensed contractor and to get that license is another story. ?

@nate_indiana_jones 5 ай бұрын

Every state and county is different. It is best to research your own area.

@shiareich2900 8 ай бұрын

Great content do you know if there is a company who wouldn’t mind to provide some more training?

@nate_indiana_jones 8 ай бұрын

Are asking about on the job training?

@shiareich2900 8 ай бұрын

@@nate_indiana_jones yes

@moonyouth955 3 ай бұрын

IDI is a good company to start with, they have everything you need and technical support when you need it on your rig

@jamesscott479 5 ай бұрын

I don't need to make a 180000 a yearsixty 90 thousands. Plenty for me. I could lower my price and get more jobs.

@nate_indiana_jones 5 ай бұрын

As long as you are profitable and are comfortable living off that then that is good!

@KristinaSergeevna678 4 ай бұрын

Hello, can you tell me if it is realistic for a migrant to get such a job? My husband used to do this kind of work in Russia. If it is possible, what kind of salary can a migrant expect?

@nate_indiana_jones 4 ай бұрын

Yes it is possible but I would recommend taking a class first or working to for someone else before starting your own.

@moonyouth955 3 ай бұрын

stay with one rig. spray foam is tricky so don't make it more complicated, just make that money and not that headache.

@nate_indiana_jones 3 ай бұрын

Exactly sometimes scaling doesn’t make sense!

@MaddConstructionandRestoration 6 ай бұрын

what about Training to do all of this?

@nate_indiana_jones 6 ай бұрын

What do you mean? Training on how to install insulation?

@MaddConstructionandRestoration 6 ай бұрын

yes. Training on how to do an Insulation install and or spray @@nate_indiana_jones

@nate_indiana_jones 6 ай бұрын

I would google classes and try to find one close.

@dfoster4234 6 ай бұрын

Do not, do not, do not buy into a franchise that does this. You will not be properly trained, and you will spend way more money than you really need to have spent. And if you are struggling, I don’t care. They will not provide any support and they will charge you weekly fees, regardless, if there’s any income.

@nate_indiana_jones 6 ай бұрын

Exactly, I am pretty against franchises in most businesses.