While there is good money in the trade. There are many things that can go wrong. 100k will probably get you started with residential seal coating but you will not net 324k a year.
Wish I had those 12 minutes back. There are so many things wrong with what you said it would take forever to list. Grossing $324k a year?? What are you going to pay your employees? That’s not enough money to have a decent crew If you’re reading these comments skip over this video
Avg driveway is 4k Real profit margin is closer to 40% Labor need 5 guys on avg 20+ an hour Trucks at least 1 usually 2 Repairs start at 1k and goes up from there. With steady business and good pricing you can do 500k your first year gross easy. Equipment cost used in ok shape 100-200k to start. I don't know a company doing a driveway for 2k Everybody has min. Price.
I think your bad advice started with the loan part. If you can start a business without debt your already killing it. I started my paving company last year. I bought a 1985 pucket brothers paver for 2900 I bought a 1992 gmc dump truck for 2200 I bought an ingersol roller for 3k and about 600 in tamps and other various tools, a Chinese plate compactor I bought for 100 bucks used and I rented s skid steer until I had enough to buy one. I grossed over the 325k mark last year, a 3 man crew. I did have some mechanical issues like a blown hydraulic line and such but I made it. I called every excavation and building company around here advertising and running news paper add for half the summer last year. This year I bought a brand new leeboy paver and a newer dump truck. Still no loans hanging over my head, I’m geared for another good year with work already piled up for this spring. Forget that debt buy some tools and gain some mechanical knowledge for yourself, it can save you no matter how new your stuff is.
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While there is good money in the trade. There are many things that can go wrong.
100k will probably get you started with residential seal coating but you will not net 324k a year.
Yes, profit margin around 20% I would guess
Thank you for you knowledge and info on this topic but Did you really make 180k after you pay the crew ?
The video is a simulation of what is possible. Obviously every business location and time of the year is different.
I had to look you up. I thought you were Kevin from ‘This is Us’ 😂
😂😂 I wish
Wish I had those 12 minutes back. There are so many things wrong with what you said it would take forever to list. Grossing $324k a year??
What are you going to pay your employees?
That’s not enough money to have a decent crew
If you’re reading these comments skip over this video
Thanks for commenting. What was wrong?
Avg driveway is 4k
Real profit margin is closer to 40%
Labor need 5 guys on avg 20+ an hour
Trucks at least 1 usually 2
Repairs start at 1k and goes up from there.
With steady business and good pricing you can do 500k your first year gross easy.
Equipment cost used in ok shape 100-200k to start.
I don't know a company doing a driveway for 2k
Everybody has min. Price.
@@nickm1376 thanks for the information, definitely money in this business!
@nickm1376 as a asphalt guy you hit on the head
I think your bad advice started with the loan part. If you can start a business without debt your already killing it. I started my paving company last year. I bought a 1985 pucket brothers paver for 2900 I bought a 1992 gmc dump truck for 2200 I bought an ingersol roller for 3k and about 600 in tamps and other various tools, a Chinese plate compactor I bought for 100 bucks used and I rented s skid steer until I had enough to buy one. I grossed over the 325k mark last year, a 3 man crew. I did have some mechanical issues like a blown hydraulic line and such but I made it. I called every excavation and building company around here advertising and running news paper add for half the summer last year. This year I bought a brand new leeboy paver and a newer dump truck. Still no loans hanging over my head, I’m geared for another good year with work already piled up for this spring. Forget that debt buy some tools and gain some mechanical knowledge for yourself, it can save you no matter how new your stuff is.
What about advertising cost, Employee's, A Truck, Trailer, Material?
Depends on a lot of factors here. Run different scenarios and call around
What are the hazzards in this job
What do you mean?
@@nate_indiana_jones like traffic or chemicals
@@nate_indiana_jones or injures
Why dont u middle man asphalt council jobs???
What do you mean?
@@nate_indiana_jones sell the contract to another company an get the difference
I think that is a viable option if you have good subs that do good work. If the subs screws something up, you’ll be on the hook.