I’ve been in the mudjacking and mudpump manufacturing business for over 35 years. I figure it’s time to “give back” and share my knowledge with other entrepreneurs on how to successfully start a profitable mud jacking business.
I hope to educate others with my Blog posts. I recently read a blog post I found myself agreeing with at gaebler.com\starting a mudjacking company, in which the author covered several steps that a person looking to get into the mudjacking business should consider. The 4 main points that he covered were: locate competitors near you, know what you will offer that will provide an advantage over your competitors, learn form people in the business outside your area and ask yourself, will purchasing a franchise work for you? While these are very good points to consider, I’d like to suggest 5 more questions that you need to answer.
1. What equipment do I need?
2. What are my total entry costs?
3. Where can I get training?
4. Who and where is my competition?
5. Is mudjacking profitable Or how am I going to make it profitable?
Let me take a stab at answering these critical “start-up” questions. A successful start up company needs 5 basic pieces of slabjacking equipment; a mud jacking pump, a paddle type mixer, a concrete drill, a concrete saw and a means to carry all of the equipment and materials to the job.
Just the cost of equipment can range from a low end of $25,000.00 to a high end of $100,000.00. You should also plan on start up costs for advertising, rent, insurance and overhead costs.
If you are starting from scratch and know very little about how to mudjack, then ask the pump manufacturer about training. Most manufacturers now offer some type of training program. The best training is provided out in the field on actual mudjacking jobs. If you are thinking about a franchise, they usually have an extensive onsite training program available.
Check your local yellow pages and the internet to find companies who are providing mudjacking services in your area. Study your potential competitors to determine how long they have been in business, what their pricing structure is and how many employees/crews they have mudjacking.
Have you considered how you are going to price your service? Mud jacking contractors are usually charging customers about ½ the cost of tearing out and replacing existing concrete. Material costs for mudjacking are only a fraction of the cost of new concrete. Mudjacking can usually be done with a small crew of 2 men. The real advantage is that the same job that takes several days to tear out and replace can be mudjacked in just a few hours, saving both the contractor and the customer real money.
During tough economic times, considering going into a repair or service type business is a good idea; the potential for new and continuing business is greater than businesses that have to rely on large capital expenditures and financing. Nevertheless, increase your income by doing your homework. Good luck with your new business venture!
Written By: Ernie Cvetezar