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According to the Bureau of Labor Statistics, the plumbing industry is growing at a much faster rate than average. Many business owners in the field are reaching retirement age, leaving opportunities for more entrepreneurs to break into the industry. Master plumbers and business owners can make from $200,000-$1000,000 or more annually, depending on the location, demand, experience, skills, and equipment.

Of course, some plumbers offer a variety of services. You could serve as a residential plumber that fixes leaky pipes or clogged drains. Or you could perform sewer line inspections, complete large-scale projects for home renovations, or work mainly with commercial clients. Depending on what specialty you opt for, you may be able to start a plumbing business fairly inexpensively. You’ll need pipes, fittings, and a variety of basic tools including Tubing Cutter, Hacksaw, Hole saw kit, Pipe and tube benders, Mole grips, Plumber’s torch, Pliers, Press fitting systems, Ratcheting pipe threader set, Plumber Wrenches, Plumber Drain Cleaning Tools, Snake machine, Drain inspection camera, Hydro-jetting machines, Plumbing Safety Tools, and Heat Shields. The main expense is likely to be a van or truck that you can take to jobs and use to transport all of your professional equipment.

In this video I will give you 3 options you can use to finance your plumbing Company if you do not have the required startup capital.  

Before you consider applying for any type of loan as a startup, you need to make sure that you have a good credit score. The credit score is the main criteria for any startup looking to apply for a loan unless you are willing to use the equity on your home as collateral to get a loan. You need to have at least 680+ credit score.

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