Getting into the asphalt business is a lucrative endeavor that can earn you a fantastic return on your investment. Since virtually all properties require asphalt work, this field is constantly growing, and the current construction boom has created a need for more professionals to enter the industry. Here are some tips for starting a blacktopping business from the experts at The Cat® Rental Store.
Your local business department will have everything you need to ensure that your new asphalt business has the correct licensing and business design to operate as a successful and recognized entity. You may need to set up a Sole Proprietorship, Limited Liability Company (LLC) or General Partnership for your blacktopping business before you can actually make any steps toward opening. This information is always essential for purchasing a liability insurance plan and saving your company from unexpected expenses.
There are few services that everyone needs as much as asphalt work. Your customer base will be consistently wide and your competition will be relatively low compared to other industries. However, you may be able to corner part of the market more effectively by focusing on a specific clientele.
Blacktopping businesses can choose between serving either residential or commercial properties. On the residential side, working with asphalt allows you to provide your community with driveways, curbs, patios and more. You'll always have clients in residential work, but your average revenue per client may be lower. The inverse is true of commercial blacktopping, where you'll likely see less consistent work with a higher return on investment.
By renting blacktopping equipment, you can fill out your fleet and take on more complicated projects without having to make an upfront investment. Renting blacktopping equipment comes with the following benefits:
At The Cat Rental Store, our dealer network is home to over a dozen pavers that are ready to work on roadways, parking lots, bridges and any other surface you can think of. As a leading manufacturer and rental provider of asphalt pavers and vibratory screens, we ensure our equipment is powerful enough for your surface preparation projects.Find The Cat Rental Store Near You