How To Start a Electrical Contractor Business in
Pennsylvania
Wondering how to start a electrical contractor business in Pennsylvania? Looking to start a electrical contractor business? Nate Jones Entrepreneur is here to help you with a free electrical contractor business plan below. Starting your electrical contractor business in Pennsylvania the correct way is important.
How much does it cost to start a electrical contractor business?
-
$20,000 - For a Used Truck or Cargo Van
-
$5,000 - Equipment and Inventory
-
$200 a year for a website
-
$1,000 a Year for Insurance - If you need insurance, reach out to Wexford Insurance, they work with a lot of Electrical Contracting Businesses. wexfordins.com
-
$2,000 a Year for Marketing
-
TOTAL COST TO START: $28,200
​
How much money can you make starting an electrical contracting business?
-
$420,000 a year!
-
Electrical Contractors make around $200 - $500 per each small job (small electrical work)
-
Electrical Contractors make around $2,000 - $6,000 per each large job (Rewrites, new home installation, etc).
-
Simulation: (based on assumptions)
-
20 Small Jobs a week (4 a day) = $7,000 a week = $28,000 a month
-
2 Large Jobs a month = $7,000 a month $35,000 a month
-
$420,000 a year!
Are Electrical Contracting Businesses Profitable?​​
-
Yes, as long as your pricing is efficient and profitable based on your time spent, this business will always be profitable.
-
The challenge with this business is scaling past the local level and finding trusted employees.
​
Types of Electrical Contractor Businesses:
-
Residential Electrical Contractors
-
Commercial Electrical Contractors
-
Industrial Electrical Contractors
-
Fire Alarm Electrical Contractors
-
Security Alarm Electrical Contractors
-
Maintenance and Service Contractors
-
Lighting Installation
​
Positives of a Electrical Contractor Business
-
This business is in a niche. There are not a lot of electrical contracting businesses, therefore you have less competition.
-
This business is always needed. People do not know how nor want to do their own electrical work.
-
This business has high profit margins.
​
How do you get electrical contracting jobs?
-
Create a website with SEO (Search Engine Optimization) and post on social media apps.
-
Network with local home builders, general contractors, home remodelers, etc.
-
Sign up with Contractor Back Office (contractorbackoffice.com) to get leads for electrical jobs.
How to Start an Electrical Contracting Business
-
​Save up money for down payments on equipment
-
Form your LLC with the Federal Government and Local Government
-
Create your website and social media pages
-
Purchase Insurance
-
Find a Lawyer to draft your customer service contract
-
Make connections with local realtors, contractors, property managers, and homeowners.
-
Implement local marketing. ​
Philadelphia - Pittsburg - Allentown - Reading City - Erie - Scranton
Need Help Finding a Business Idea?
Download my
E-Book
Are you wanting to start a business but don't know which one or where to even look? Great news, I have done the hard work for you. In this book, you will learn the following:
​​​​
-
How to find a business idea that fits your lifestyle.
-
How to uncover business ideas that no one else is starting.
-
How to potentially buy your first business instead of starting one.
-
How to start your business and set it up to succeed.
-
How to scale your business so you have a life.
​
Looking for a Business Idea?
Are you looking for a business idea? Want to be an entrepreneur but don't know what business to start? This course, Business Idea Blueprint is for you! In this course I will help you find a business idea there is actually an opportunity in. Also, I will help you determine which business is right for you and how to get it off the ground and running! ​​​​​​