Starting your own roofing business is a big adventure. The good thing is that it can be rewarding. If you love working with your hands and have a knack for fixing things, this might be the ideal venture. There’s a big chance to make money in roofing because roofs need replacing every 20-30 years. It costs around $10,000 on average to replace a roof.
Many houses need a new roof during remodeling or because of storm damage. One way to start a roofing company is to be a paper contractor. That means you bid on jobs and then hire other roofing companies to do the work. This way, you don’t have to do any hard work yourself. Expect a profit margin of around 10-20% for a roofing company.
To get started, you’ll need a local roofer business license and insurance. You’ll also need to save some money for marketing and learn how to bid on roofing jobs. In total, it’ll cost about $23,000 to get everything going. If you can win and finish three or four jobs a week, you could make $22,500 a month. As a result, you could potentially make $270,000 a year.
Here are some good things about this business idea. It’s easy to grow the business by hiring more people to bid on jobs. What’s more, there’s a lot of demand for roofing services. But there are also some challenges to consider. For instance, you should have good relationships with reliable subcontractors.
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