Plumbing Contractor Business Plan, Marketing Plan, How To Guide, and Funding Directory
The Plumbing Contractor Business Plan and Business Development toolkit features 18 different documents that you can use for capital raising or general business planning purposes. Our product line also features comprehensive information regarding to how to start a Plumbing Contractor business. All business planning packages come with easy-to-use instructions so that you can reduce the time needed to create a professional business plan and presentation.
Your Business Planning Package will be immediately emailed to you after you make your purchase.
Product Specifications (please see images below):
- Bank/Investor Ready!
- Complete Industry Research
- 3 Year Excel Financial Model
- Business Plan (26 to 30 pages)
- Loan Amortization and ROI Tools
- Three SWOT Analysis Templates
- Easy to Use Instructions
- All Documents Delivered in Word, Excel, and PDF Format
- Meets SBA Requirements
Very few people have the ability to fix their own household plumbing fixtures, and as such plumbing contractors and plumbers are able to render service that does not wane in times of economic recession. Additionally, there are very high barriers to entry order to start a new plumbing contracting business. This is primarily due to the fact that an individual that wants to start a plumbing contracting business must be licensed as a master. This process takes a substantial amount of time, and money, and requires that the individual show and extensive proficiency on household and commercial plumbing systems. The startup costs associated with starting a new plumbing contracting business generally range from $100,000 to $200,000 if the individual is going to hire a number of apprentice plumbers at the onset of operations. If the individuals can act as a solo practitioner in the startup costs can range anywhere from $25,000 to $50,000 depending on the equipment purchased.
The plumbing contractor business plan should focus heavily on the fact that these businesses can, again, the main profitable in any economic climate. Banks and financial institutions will place money with plumbing contracting businesses because of this reason. Within the business plan, a fully developed profit and loss statement, cash analysis, balance sheet, breakeven analysis, and business ratios page should be included in order to have a financial situation or private funding group make a determination as to whether or not to provide the capital for this type of business. It is also very important within the plumbing contractor business plan to have an extensive marketing campaign that shows how this business will differentiate itself from those of local competitors.
Turning to the plumbing contractor marketing plan, it is very important for new business to develop strong ongoing relations with general contractors as well as specialty subcontractors that will work with the company on ongoing basis. Should be one of the foremost aspects of marketing campaign. Additionally, it is very important to maintain a presence in phone books, online, and to print advertisements with the local market. Of the special importance is to make sure that the numbers easily found during plumbing emergencies. Approximately 3% to 5% of the total revenues generated by a plumbing business should be allocated back towards marketing campaigns.
Most entrepreneurs are looking to get into the plumbing contracting business frequently will conduct a SWOT analysis in order to assist them in determining whether or not starting this business in any given local market is economically viable. Strengths the services offered by a plumbing contractor can only be done by a licensed professional. As such, it is easy to understand the competition within any within any specific market. For weaknesses, there are usually a number of competitors that have already launched their business operations. As such, and again, it is important to have a well-developed marketing plan that clearly discusses why this plumbing service will be different than others. Relating to opportunities, most plumbers will seek to hire apprentices in order to expand their ability to render services. Course, this comes with a substantial time investment as the master is expected to teach his apprentice what to do in any given situation. As relates to threats, the only real major threat faced by a plumbing contractor is a negative change in the economy given that new housing starts may decline and the plumber will be to focus solely on repairing existing structure.