Getting into the asphalt business is a lucrative endeavor that can earn you a fantastic return on your investment. Since virtually all properties require asphalt work, this field is constantly growing, and the current construction boom has created a need for more professionals to enter the industry. Here are some tips for starting a blacktopping business from the experts at The Cat® Rental Store. 

Get in Touch With Your Local Business Department

Your local business department will have everything you need to ensure that your new asphalt business has the correct licensing and business design to operate as a successful and recognized entity. You may need to set up a Sole Proprietorship, Limited Liability Company (LLC) or General Partnership for your blacktopping business before you can actually make any steps toward opening. This information is always essential for purchasing a liability insurance plan and saving your company from unexpected expenses. 

Focus on a Specific Clientele

There are few services that everyone needs as much as asphalt work. Your customer base will be consistently wide and your competition will be relatively low compared to other industries. However, you may be able to corner part of the market more effectively by focusing on a specific clientele. 

Blacktopping businesses can choose between serving either residential or commercial properties. On the residential side, working with asphalt allows you to provide your community with driveways, curbs, patios and more. You’ll always have clients in residential work, but your average revenue per client may be lower. The inverse is true of commercial blacktopping, where you’ll likely see less consistent work with a higher return on investment.

Fill out Your Fleet With Rental Equipment 

By renting blacktopping equipment, you can fill out your fleet and take on more complicated projects without having to make an upfront investment. Renting blacktopping equipment comes with the following benefits: 

• Increased savings: Renting blacktopping equipment gives your business the opportunity to try new equipment without the cost of maintenance, insurance or monthly payments. Rental also allows you to find specific machinery you may not need for every project without worrying about depreciation on a resource you rarely use. 
• Full-service maintenance: Renting equipment comes with the benefit of always having a maintenance professional on call in case of equipment failure. Many rental companies will even give you replacement equipment to use while your previous rental is being repaired.
• Increased ability to take on specific jobs: Your fleet may not have the equipment to handle every inquiry, but with rental services, you can rise to the challenge and expand your offerings. Whether you need larger or smaller paving equipment, you can find the right solution at The Cat Rental Store. 

Blacktopping Rental Equipment From The Cat® Rental Store

At The Cat Rental Store, our dealer network is home to over a dozen pavers that are ready to work on roadways, parking lots, bridges and any other surface you can think of. As a leading manufacturer and rental provider of asphalt pavers and vibratory screens, we ensure our equipment is powerful enough for your surface preparation projects. 

To learn more about our products, or to request a free rental quote, call 1-800-RENT-CAT or browse our equipment online.

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