In order to start a driveway seal-coating business, you will need the equipment, the customers and a means of paying the government taxes on the money that you earn. According to the Internal Revenue Service (IRS), one of the first steps in starting a Driveway Seal Coating Business or any business is to obtain an Employer Identification Number (EIN), often referred to as a Federal Tax Identification Number. With the growing number of homes with asphalt driveways in America, there is a definite market for the driveway seal coating business to flourish. (See Reference 1)
Things You'll Need
- An Employer Identification Number (EIN)
- Seal-coating equipment and supplies
Start a Driveway Seal-Coating Business
Decide to purchase a franchise or open your own business. There are many franchise opportunities in the driveway seal-coating business to consider before you go it on your own. Purchasing a franchise provides a platform for success if you lack the resources for advertising and building your own clientele base.
Obtain your EIN from the IRS. You can apply on-line, by fax, phone or in writing. There is a toll-free number, (800) 829-4933 that is staffed between the hours of 7:00 a.m.-10:00 p.m. local time to answer any questions you may have during the application process. You must be prepared to pay to the tax piper as soon as income begins to flow. (See Reference 1)
Purchase equipment and supplies. You will need an asphalt sprayer and materials. If you choose to go the route of purchasing a franchise, Entrepreneur Magazine estimates that the total purchase cost of a Jet-Black Int'l franchise (http://www.jet-black.com) to be anywhere from $55,000 to $85,000, including equipment. Remember, franchisees pay an additional 2 percent to 8 percent ongoing royalty fee. (See Resource 1)
Get busy. Once you have obtained your essentials it is time to get your customers. Starting any business can be a daunting task, but a driveway seal-coating business may be a bit easier. Put your feet on the street and uncover those driveways that are in desperate need of seal-coating. Knock on doors, leave fliers and visit neighborhoods where word-of-mouth referrals can assist in building your business. Offer discounts for two or more driveways in the same proximity when appointments are scheduled together.
- Photo Credit Visage/Stockbyte/Getty Images
Spraying Vs. Rolling Blacktop Sealcoating
Sealcoating is an asphalt or tar emulsion applied to asphalt paving that repels moisture and resists abrasion. Large areas are usually applied...
How to Seal a Driveway
How to Seal a Driveway. A driveway is tormented by every weather condition as well as being saturated by oil spills from...
How to Start a Parking Lot Cleaning Business
Commercial parking lot sweeping contracts can generate huge incomes. Most janitorial services only clean the inside and exterior of buildings, but do...
How to Start a Paver Business
The paving business is a fast-growing industry that provides expertise in paving hardscapes for both commercial or residential concerns. Pavers can work...
How to Start an Asphalt Paving Business
Asphalt is made of crushed stone and gravel, or aggregate, mixed with a binding agent. This material is used to pave roads...
How to Start My Own Pavement Sealing Business
Sealcoating driveways every two to three years helps protect against damaging elements that erode the asphalt, which can develop cracks and become...
Driveway Sealer Hot Vs. Cold
Though asphalt driveways may seem hardy and able to stand up to years of use, if you fail to seal your driveway,...