Mold remediation is a very profitable business, provided that you work hard at it and give yourself enough time to properly set up your business.
The initial costs of mold remediation can be enough to put some people off, as there is a lot of work required to get into the industry.
However, biting the bullet and paying out of pocket for all of these costs can get you started and earning it all back.
The more successful your business is, the quicker you will earn your money back.
There are a few considerations to take into account to make sure that your business gets the best start possible. We’ll look at these below.
In mold remediation you will be travelling to the buildings that you need to help, so you don’t need a large and impressive office.
In fact, you could simply go with a home office.
You will need a reliable vehicle to transport you and your equipment to each building; however.
You might want to opt for a van with your contact information printed on the side to get your name out there around your town.
In the interest of gaining more business, you might prefer to relocate to somewhere with lots of flooding and or rainfall.
However, chances are if you want to get into mold remediation, it’s because you’ve fallen victim to mold growth yourself. If you already live in one of these areas, a home office will suffice nicely.
To make sure that your office is running as smoothly as possible, you’ll need a computer, phone, and calendar to ensure that your appointments are all in one place.
You can also complete your certification here. Setting up a home office doesn’t have to be that expensive, so you can start off small and upgrade it once your business is taking off.
Certifications and Licenses
Your mold certification is probably one of the most important costs when it comes to starting a mold remediation business.
It might be annoying to accept as only five states require a mold license to remove mold, but if you don’t know what you’re doing, your clients are not going to be happy.
You’ll need to check the state requirements you live in to make sure that you’re getting the correct licensing before accepting any clients.
You can find mold remediation certification courses and exams online, provided that they cover your state laws.
They’ll take from 15 to 40 hours to complete, and you will have to pay the course, exam, and licensing fees.
This will be a large initial cost, although the better certification you have, the more you can charge for your services.
Moreover, the better your performance, the more free word of mouth advertising you can get from happy customers.
You will generate more business and earn your initial certification costs back tenfold.
When getting into a mold remediation business, you cannot forget about purchasing the equipment.
You will need at least commercial-grade equipment that can last you for a long time while leaving you with impressive results.
Low-quality equipment might save you some money in the short run, but the end result will be much less impressive and the equipment will likely break much quicker than a higher quality alternative.
So, you should definitely purchase more expensive equipment initially, even though you might wince at the bill.
You will also need protective equipment such as masks, gloves, and full bodysuits.
You can buy these in bulk to save money, but again this will increase your initial starting costs.
Here is a list of equipment that you’ll need to get your business up and running:
- An extraction unit
- Moisture meters
- Dehumidifiers and fans
- Protective gear for you and your employees
This is a bare minimum list of what you will need. Your certification course will likely tell you other pieces of equipment you’ll need, so you should factor the costs of these in as well.
You might also want to consider heavily marketing your business in the early days so that you can get your name out there as quickly as possible.
Research the best marketing techniques for mold remediation businesses, whether it be free on social media or paid for in newspapers and magazines.
As you can see, there are many startup costs to give your business the best chance possible.
However, a mold remediation specialist can earn an average of $2,325 on each job. A smaller job can gain you between $500 and $1,500 while a larger job can get you anywhere from $3,000 to $6,000.
With these average costs, you will start earning back your initial investment in no time.
Once you have done this, mold remediation can be an incredibly profitable business venture for you.