How to Start a Epoxy Flooring Business ($37K a Month)

[@clayjones553]

Getting ready to start my business doing this. Been accumulating the equipment over the past half a year or so. Going in with no debt.

[@nate_indiana_jones]

That is awesome! Such a great plan. So many people let debt eat them alive. Let me know if you want any insurance quotes from my business (Wexford Insurance). Would be happy to help.

[@VVNNGG]

How has business been man? It’s been a month since this comment.

[@clayjones553]

@@VVNNGG thanks for asking. I haven't really gotten going with it yet. I do home improvement contracting and have been wide open all winter and only getting busier. I did my first floor the other day, which is my own garage. Went pretty well. Should have another one or two floors lined up soon. I think ill just incorporate the epoxy into my current business until I have good experience, and then start the separate business. I do feel like the business is there though. Also, my brother was supposed to start it with me but had to take another job since we weren't ready to get going right away and since it's winter

[@gdog8334]

You should leave us an update on how it’s going when you start

[@clayjones553]

@@gdog8334 I'll try to remember to do that.

[@christianserrano7510]

Thinking about starting this type of business, first i was looking into paying for training, thanks for the info this helps alot

[@nate_indiana_jones]

Great idea. Learn how to do it, then start!

[@MozCronic]

You Dropped INSANE knowledge and i took notes the whole video. My Cousin does Epoxy and he ended up touching half a mil this past year! Cant wait to see where this year takes me. Thank you for this Video 👍🏼

[@nate_indiana_jones]

Thanks for the kind words! I am pumped for you to start this business and I can already tell you’ll find success!

[@warrenlowe676]

Going to Miami next month to learn this trade at a week long class. Very excited.

[@nate_indiana_jones]

That is awesome! Such a great business to start! Best of luck.

[@akingshealth]

Whats the name of the class can i have the info

[@warrenlowe676]

@@akingshealth Sure, It's extreme polishing systems. Going late November. See you there!

[@jordanj6446]

How was the class?

[@akingshealth]

@jordanj6446 would like to know as well about the class

[@scottjaffin3691]

Add the expense of: General liability insurance, Workers Comp, grinders (10-20,000), wires and plugs, a truck big enough to haul it all, plus a lift gate - those grinders are very heavy, a generator, hand grinders, marketing, the time to go on and conduct sales calls needed for every single job, time to write the bids, and time to call and negotiate every bid - they don't just throw the money at you, dealing with the dozens of competitors all offering to beat your already low price, the cost of fixing repairs due to peeling, water vapor pressure, hot tire markings, epoxy failing - yes, manufacturers screw up too, employees learning on your dime and then setting up their own competing business.....there are many other things to remember and learn.....but the guys conducting the classes....they are doing that because a sucker is born every minute...if installing was so great, that's all they'd be doing.

[@nate_indiana_jones]

Thanks for the insight. Always appreciate someone adding real life opinion. Seems like the real money is in commercial

[@xiixxvmm6295]

Okey hear me out. I bought a grinder I actually and comming from grinding side of things, trying to learn epoxying bc all the epoxy guys hire me, and it looks kinda easy. but I have gotten a ton of grinding jobs. u can get a small 1 head grinder for like 5k/10k, heppa filter vac for like 1500 drop another 800 on cords. if your really down bad you can rent a uhaul truck for even half a day when you get yourself a job, and alot of jobs you can hook up pig tails to the breaker to avoid gas and hauling a generator. sealer guys been paying me like 500 600 for a 2 car garage grinded take 3 hrs.

[@cooperolin6354]

Do you think it is feasible to use rental equipment at first until I have enough capital to purchase the real equipment?

[@nate_indiana_jones]

Yes it is but it will cut into your profit margin. You could do it until you have enough money.

[@codyrobinson1817]

I feel like the numbers are slightly off material alone for a 2 car is close to 2k. But still overall good info

[@nate_indiana_jones]

Thanks! Yeah, every area and supplier is different. Glad it was helpful!

[@damienramirez7453]

What CRM system is best for this business?

[@nate_indiana_jones]

Jobber

[@justinianoamado3980]

You are a good guy.

[@nate_indiana_jones]

Thanks! 🫡

[@CarolCityCane305]

I want to start this business here in south Florida I need help to start any chance I can talk to you personally

[@nate_indiana_jones]

Definitely, I have a link in my channel page bio or you can book a call on my website at natejonesentrepreneur.com

[@MrWepal]

Hey thanks for the info I am here In Jamaica and want to start a business in epoxy application

[@nate_indiana_jones]

Sounds good! I think that’s a great area to start one. Best of luck!

[@MrWepal]

Thank you

[@gomezabel8880]

I didn't hear the most important question, maybe I missed it somehow, but it seemed nothing was mentioned about obtaining a contractor's license. On the west coast, these states require a contractor's license if doing jobs over $1000 and that's combining labor and material. In California, you need one for anything over $500. The best question is to ask and answer what state is the most friendliest to epoxy application.

[@nate_indiana_jones]

Thanks for commenting in your insight. I did not include information about a contractor license because a lot of states and cities don’t require it. If your state or city requires it then just add in that cost.

[@deedunk8383]

Great video!

[@nate_indiana_jones]

Thanks!

[@strongancestors1420]

Thank you

[@nate_indiana_jones]

You're welcome

[@Zay13378]

How do you go about hiring and training helpers?

[@nate_indiana_jones]

Find someone with a good work ethic. A good work ethic can be taught skills.

[@rkooscar6866]

How do I find a place to learn. I tried google. I work a full time job but would love to pay to learn

[@nate_indiana_jones]

What do you need to learn? Installing floors? Or business?

[@rkooscar6866]

@ installation thank you

[@nate_indiana_jones]

Go work for a local flooring company for two weeks and quit. You’ll learn more working in an actual company than you will go and get training.

[@shady3560]

How much do you believe without a vehicle (I have a personal large vehicle)

[@nate_indiana_jones]

Yeah you can make a lot more with your personal vehicle at first. Eventually you will need a truck.

[@Jessebowyer]

Is 50% margin the industry average?

[@nate_indiana_jones]

Yes, with part time help.

[@DAVID-jf8tj]

good video. Do I have a question about this business? Is it a good idea to start in 2024?

[@nate_indiana_jones]

Yes, Epoxy floors are always needed. The residential side may be a little slow due to the economy but in a wealthy part of town people will pay.

[@DAVID-jf8tj]

Can you make a video with more information?

[@nate_indiana_jones]

On the specific business of epoxy flooring? @@DAVID-jf8tj

[@DAVID-jf8tj]

Yes

[@keyzzo4934]

name of insurance company?

[@nate_indiana_jones]

Wexford Insurance wexfordins.com

[@ArdenForman]

Where are you located?

[@nate_indiana_jones]

Midwest

[@gholland5840]

I have all the equipment for sale to anyone interested. 2 floor cleaners, 7 scrubbers, a burnisher, a 20kva 3phase generator (diesel block, runs on propane), 12000 w 1 phase generator, 3 grinders, 2 3phase dust collectors, 5 horsepower 3phase air compressor, a shot blaster, scarifier, a few dozen sets of diamonds... also a 1998 isuzu NPR with 14ft bed (brand new tires and a new engine). And that is just the equipment that sells for more than a thousand dollars a piece new, there are a half dozen shop vacs for instance along with tons of other miscelaneous bits and accessories. I can sell everything including the truck for the 30k mentioned in the video.

[@nate_indiana_jones]

Where are you located?

[@gholland5840]

@@nate_indiana_jones Colorado springs colorado, and I also have an edco scarifier

[@nate_indiana_jones]

Nice, why are you getting out of the business?

[@gholland5840]

@@nate_indiana_jones Stolen catalytic converter, stolen flooring mats, 5k in stolen tools, stolen compact track loader, stolen storage building, stolen knife out of my truck...

[@RB-es1vx]

Why are you selling everything?

[@packetattack-netsec]

Great info Nate, Im looking for a partner in the North Houston area to start this type of business, is anyone is interested please send a reply.

[@nate_indiana_jones]

@packetattack-netsec thanks 🙏🏻 🫡

[@metroecco7908]

Awesome video!!

[@nate_indiana_jones]

Thanks🫡

[@Trey2k365days]

Please can you mentor me ill work for you in return

[@nate_indiana_jones]

Would be happy to help on a phone call, you can reach out on the link tree in my bio.

[@zachslump5844]

@@nate_indiana_jonesyou still taking phone calls ?

[@claytonmatt4334]

I think these videos are a little bit deceptive. This guy has videos on how to start a flooring business, excavating business, drywall business, trucking business etc. He didn't start these types of businesses so there is not much value in these videos. People want to hear first-hand experiences. Second hand knowledge on businesses where competency is key is basically useless imo. You'll notice in the comments of many of these videos there are people in these actual fields pointing out that a lot of the info is incorrect or misleading.

[@nate_indiana_jones]

Correct I haven’t started these businesses but I have done extensive research. What is wrong with talking through what is possible. I don’t see the people who actually run these businesses make videos.

[@claytonmatt4334]

@@nate_indiana_jones How extensive? Nothing wrong with making videos but like I said its a bit deceptive if you have never actually done the thing. Look into the statistics of businesses that fail vs the % that don't fail when the operator has previous experience in the particular industry. Its glaringly obvious that if you haven't done the thing, you don't know how to do the thing.

[@nate_indiana_jones]

I don’t have to know how to cut a tree, to run a tree service business. A lot of people know how to cut a tree but they are incompetent in business. Business is more than doing the thing. You are looking at this from a worker mentality when you need to shift to an owner mentality.

[@claytonmatt4334]

@@nate_indiana_jones Maybe if you are purchasing a company that is already up and running you don't need to know how to do things but if someone is starting a new service business they better be very competent or have a lot of money to pay people that are. Most people that aren't get wrecked. A trail of unhappy customers and possibly some lawsuits or a bankruptcy is not a good legacy. I have a service business in a trade that I went to a school for, worked for others in, and I don't feel that I know enough yet to tell others how to start this particular business even though I've been relatively successful at it for a year. I would need more of a track record to sell others on a dream. To each his own I guess

[@nate_indiana_jones]

Great point, there are a lot of moving parts

[@rodepperson5885]

This trade is overloaded ...Dont go i to it

[@nate_indiana_jones]

It depends on your area, but a lot of areas have a massive need for it

[@JakeMackey-qn7lz]

Sounds like you dont want competition