How To Start a Electrical Contractor Business in
Washington
Wondering how to start a electrical contractor business in Washington? 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 Washington the correct way is important.
How much does it cost to start a electrical contractor business?
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$20,000 - For a Used Truck or Cargo Van
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$5,000 - Equipment and Inventory
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$200 a year for a website
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$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
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$2,000 a Year for Marketing
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TOTAL COST TO START: $28,200
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How much money can you make starting an electrical contracting business?
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$420,000 a year!
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Electrical Contractors make around $200 - $500 per each small job (small electrical work)
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Electrical Contractors make around $2,000 - $6,000 per each large job (Rewrites, new home installation, etc).
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Simulation: (based on assumptions)
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20 Small Jobs a week (4 a day) = $7,000 a week = $28,000 a month
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2 Large Jobs a month = $7,000 a month $35,000 a month
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$420,000 a year!
Are Electrical Contracting Businesses Profitable?​​
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Yes, as long as your pricing is efficient and profitable based on your time spent, this business will always be profitable.
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The challenge with this business is scaling past the local level and finding trusted employees.
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Types of Electrical Contractor Businesses:
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Residential Electrical Contractors
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Commercial Electrical Contractors
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Industrial Electrical Contractors
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Fire Alarm Electrical Contractors
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Security Alarm Electrical Contractors
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Maintenance and Service Contractors
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Lighting Installation
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Positives of a Electrical Contractor Business
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This business is in a niche. There are not a lot of electrical contracting businesses, therefore you have less competition.
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This business is always needed. People do not know how nor want to do their own electrical work.
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This business has high profit margins.
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How do you get electrical contracting jobs?
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Create a website with SEO (Search Engine Optimization) and post on social media apps.
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Network with local home builders, general contractors, home remodelers, etc.
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Sign up with Contractor Back Office (contractorbackoffice.com) to get leads for electrical jobs.
How to Start an Electrical Contracting Business
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​Save up money for down payments on equipment
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Form your LLC with the Federal Government and Local Government
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Create your website and social media pages
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Purchase Insurance
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Find a Lawyer to draft your customer service contract
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Make connections with local realtors, contractors, property managers, and homeowners.
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Implement local marketing. ​
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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:
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How to find a business idea that fits your lifestyle.
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How to uncover business ideas that no one else is starting.
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How to potentially buy your first business instead of starting one.
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How to start your business and set it up to succeed.
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How to scale your business so you have a life.
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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! ​​​​​​