Business Idea

Start A Backhoe Service Business

About

Starting a backhoe service business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell , or selling online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$93B
starting costs
$23.2K
gross margin
10%
time to build
24 months

About

Starting a backhoe service business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell , or selling online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$93B
starting costs
$23.2K

 

gross margin
10%
time to build
24 months

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $5,000
Equipment & Supply Expenses $525 $6,000
Business Formation Fees $600 $5,400
Vehicle Expenses $50 $10,500
Retail Business Expenses $0 $3,150
Inventory Expenses $0 $5,000
Training & Education Expenses $0 $2,000
Other Expenses $0 $1,800
Website Costs $17 $275
Advertising & Marketing Costs $75 $2,486

Successful Businesses

Business URL Rank
Farmerline farmerline.co #1,818,965
SDLG sdlgemea.com #2,332,712
Bob Turner Backhoe bobturnerbackhoe.com #5,888,550
Septic Tank Service in Lubbock, TX vaughnbackhoeservice.com #5,895,674
San Diego, CA Backhoe/Bobcat Excavation, Grading, Demolition Services hiddenvalleybackhoe.com #6,459,822
Kuwait PAGE kuwaitpage.online #6,883,159

Pros & Cons

Pros Description
Rewarding work Starting a backhoe service business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
High customer retention rates Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.
Gain exposure and experience This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you!
Daily physical activity Backhoe Service Business's typically involve a much greater degree of movement than other lines of work. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. This can have a positive impact on energy levels and your overall health.
Face to face interaction If you are the type of individual that thrives on human interaction, then this is the business for you! With a backhoe service business, you will be hands-on with customers and or employees every day.
Strong Demand & Relatively Recession Proof The demand for backhoe service business is increasing year over year and the business is known to be relatively recession proof.
Cons Description
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Security Issues With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.
Low margins The gross margins for your backhoe service business are typically around 10%, which can make it more challenging to incur new expenses and maintain profitability.
High employee turnover In the backhoe service business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.
Lack of benefits With a backhoe service business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation Often times, as a backhoe service business, you typically work alone and do not have much face-to-face interaction with other team members.