Starting new business

Discussion in 'Seal Coating Forum' started by tbennett, Jan 25, 2014.

  1. tbennett

    tbennett LawnSite Member
    Posts: 2

    I am starting a new sealcoating and striping business. I have to guys to work for me once I start, one with 15 years sealing and striping experience, other with 5 years striping experience. I am currently working on the business plan though Id stop by and see if anyone had a sample one I could use
    Thanks
    Tyler.
     
  2. PGHSEALER

    PGHSEALER LawnSite Member
    Posts: 173

    I have an example one I got offline. PM me and I'll send it to you. Where are you from? I'm starting my 1st year as well. I'll only be doing it part time for now.
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  3. tbennett

    tbennett LawnSite Member
    Posts: 2


    Thanks, I'm from Norfolk VA. I PM'ed you I believe.
     
  4. italy2003gt

    italy2003gt LawnSite Member
    from NY
    Posts: 7

    How are you going to pay payroll and all the starting costs of opening a sealcoating business with hiring 2 guys right off the bat.. Payroll, Taxes, workmans comp policy, Gl insurance, commercial auto, equipment etc....Dont mean to sound blunt but starting out it is going to cost you some serious money. also why would anyone start a business part time.. Insurance costs alone are going to run between 6k-14k a year....Not including equipment cost, maintenance, fuel, taxes, truck payments......If your not going to put 110 percent in you will fail your first year..... Every year guys start sealcoating business's PT.... They do not have the proper insurance, pay sales tax, payroll taxes etc....they last around a year or maybe two than they go out of business.. This is my livliehood I work 365 days a year, If im not at the shop cleaning and maintaining equipment, Im emailing and meeting with my customers, Im on the road selling, working 15 hour days, working overnight, working 4th of july, labor day memorial day while everyone is out having bbqs... this is no way a pt gig or a seasonal gig....
     
  5. PGHSEALER

    PGHSEALER LawnSite Member
    Posts: 173

    I have commercial auto ins, business insurance, I do not have employees, no where near 6-14k. I already purchased all of my equipment the only thing financed was my trailer. I can respect that this is your full time job and lively hood. However, it is not going to be mine just yet (hopefully one day it will). Just because you have witnessed some business in your area fail the 1st year doesn't mean all business's will fail if only done part time they can still be very successful! I live up north where our season is 26 weeks at the very most more like 19 minus all the rainy days. My company will provide great customer service, quality work at a competitive price. So I appreciate you concern and thank you for trying to raise awareness however I couldn't disagree with you more stating that a part time business will not succeed.
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  6. italy2003gt

    italy2003gt LawnSite Member
    from NY
    Posts: 7

    How do you already have business insurance for Sealcoating if you don't already provide that. You can't use landscaping insurance to cover Sealcoating. Do you have a HIC license yet? I'm located in NYS and I perform Sealcoating services ie. Sealing, Crackfilling from April-November. So your south of me. Your season should be longer. We offer snow removal the other months. What kind of unit do you have? Do you think you can work for 19 weeks and support yourself for 52 weeks. With only you working I highly doubt you can perform enough work in 19 weeks to pay yourself a salary for 52 weeks and turn a profit.
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  7. PGHSEALER

    PGHSEALER LawnSite Member
    Posts: 173

    I already have business insurance because I called the insurance company and purchased a policy. Yea already have hic# and to get one you have to have an insurance policy. I have a 550 gal sealmaster tank, Hot Tar Crack filler, walk behind blower, brush box etc... I work a full time job already I'll be doing this in the evening and on the weekend. Sealcoating will not be my primary source of income just yet. I have a good job already I'm just passionate about starting this business up. I plan on starting mid April and operating until mid October later if weather permits.
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  8. italy2003gt

    italy2003gt LawnSite Member
    from NY
    Posts: 7

    Got ya, I thought you meant this was going to be your only source of income. And yes I know you need insurance for the HIC. We work and are licensed in NY, NJ, MA, PA, CT.
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  9. italy2003gt

    italy2003gt LawnSite Member
    from NY
    Posts: 7

    We perform larger jobs 150k sq feet up. Mostly Govt, Municipal, state work
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  10. PGHSEALER

    PGHSEALER LawnSite Member
    Posts: 173

    I would like to get to that point eventually but not ready for that yet. Is it tough to get the govt contracts?
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