Okay so I am curious about starting a small excavation company. My grandfather owned a HVAC/Plumbing business and when the business was sold my father got the IHI 25VX-3 Mini Excavator and trailer that we used for plumbing. I grew up helping my father with the plumbing side of business and I started digging when I was around 8. I am 18 years old now and am now and curious if starting a excavation company would make a good income. I already own the excavator and trailer so all I would need to buy is a truck to pull it with which I own a small SUV and have cash saved cash that I could trade or sell my suv to buy a truck so I would be starting this business debt free. I still live at home and have zero bills and won't be moving out for a few more years so almost every dime I made would be invested back in the business. Any advice or tips would be appreciated. Thank you!
My mistake the excavator is a Komatsu Pc-27 mini excavator our other one was an IHI but the business that bought us out got to keep that one.
Good luck with all, you should do well.
You need to factor in insurance and every little niggly thing that adds to cost of operation. You have a big advantage in having a paid for machine. You don't have to take work just to make payments. Pick your jobs only do work where you can make a really good profit.