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Plumbing Business Plan Template

Written by Dave Lavinsky

plumbing business plan

Plumbing Business Plan

Over the past 20+ years, we have helped over 1,000 entrepreneurs and business owners create business plans to start and grow their plumbing businesses. On this page, we will first give you some background information with regards to the importance of business planning. We will then go through a plumbing business plan template step-by-step so you can create your plan today.

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What Is a Business Plan?

A business plan provides a snapshot of your plumbing business as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategy for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan

If you’re looking to start a plumbing business, or grow your existing plumbing business, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your plumbing business in order to improve your chances of success. Your plumbing business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Plumbing Businesses

With regards to funding, the main sources of funding for a plumbing business are personal funds, credit cards, bank loans and angel investors. With regards to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to confirm that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for plumbing companies.

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How to write a business plan for a plumbing company.

If you want to start a plumbing company or expand your current one, you need a business plan. Below we detail what should be included in each section of your own plumbing business plan:

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of plumbing company you are operating and the status. For example, are you a startup, do you have a plumbing business that you would like to grow, or are you operating plumbing businesses in multiple markets?

Next, provide an overview of each of the subsequent sections of your plan. For example, give a brief overview of the plumbing industry. Discuss the type of plumbing business you are operating. Detail your direct competitors. Give an overview of your target market. Provide a snapshot of your marketing plan. Identify the key members of your team. And offer an overview of your financial plan.  

Company Analysis

In your company analysis, you will detail the type of plumbing business you are operating.

For example, you might operate one of the following types of plumbing businesses:

  • Commercial Plumbing : this type of plumber focuses on plumbing services for commercial businesses, complexes, and buildings.
  • Residential Plumbing: this type of plumber provides plumbing services for households.
  • Service and Repair Plumbing: this type of plumber focuses on servicing and repairing any plumbing issues and/or emergencies for both residential and commercial clients.

In addition to explaining the type of plumbing company you will operate, the Company Analysis section of your business plan needs to provide background on the business.

Include answers to question such as:

  • When and why did you start the business?
  • What milestones have you achieved to date? Milestones could include the number of customers served, number of positive reviews, reaching $X in revenue, etc.
  • Your legal structure. Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry analysis, you need to provide an overview of the plumbing industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the industry educates you. It helps you understand the market in which you are operating. 

Secondly, market research can improve your strategy, particularly if your research identifies market trends.

The third reason for market research is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section:

  • How big is the plumbing industry (in dollars)?
  • Is the market declining or increasing?
  • Who are the key competitors in the market?
  • Who are the key suppliers in the market?
  • What trends are affecting the industry?
  • What is the industry’s growth forecast over the next 5 – 10 years?
  • What is the relevant market size? That is, how big is the potential market for your plumbing business? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: business complex building owners/managers, apartment complex owners/managers, homeowners, schools, contractors, restaurant owners/managers.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of plumbing business you operate. Clearly, a homeowner would respond to different marketing promotions than an apartment complex, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, include a discussion of the ages, genders, locations and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can understand and define these needs, the better you will do in attracting and retaining your customers.  

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Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other plumbing businesses. 

Indirect competitors are other options that customers have to purchase from that aren’t direct competitors. This includes local handymen or hardware stores. You need to mention such competition as well.

With regards to direct competition, you want to describe the other plumbing companies with which you compete. Most likely, your direct competitors will be plumbing businesses located very close to your location.

competition

For each such competitor, provide an overview of their businesses and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as:

  • What types of customers do they serve?
  • What type of plumbing  services do they offer?
  • What is their pricing (premium, low, etc.)?
  • What are they good at?
  • What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

  • Will you provide lower interest rates?
  • Will you provide services that your competitors don’t offer?
  • Will you provide better customer service?
  • Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a plumbing business plan, your marketing plan should include the following:

Product : In the product section, you should reiterate the type of plumbing company that you documented in your Company Analysis. Then, detail the specific products you will be offering. For example, in addition to plumbing, will you provide repair, replacement, servicing, or 24 hour plumbing emergency services?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your marketing plan, you are presenting the services you offer and their prices.

Place : Place refers to the location of your plumbing company. Document your location and mention how the location will impact your success. For example, is your plumbing business located in a busy retail district, from your own home, a standalone office, etc. Discuss how your location might be the ideal location for your customers.

Promotions : The final part of your plumbing marketing plan is the promotions section. Here you will document how you will drive customers to your location(s). The following are some promotional methods you might consider:

  • Advertising in local papers and magazines
  • Reaching out to websites 
  • Social media marketing
  • Local radio and television advertising

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your plumbing business, including marketing your services, completing projects, preparing for new projects, and tracking inventory of your products and materials. 

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to land your Xth client, or when you hope to reach $X in revenue. It could also be when you expect to expand your plumbing business to a new city.  

Management Team

To demonstrate your plumbing business’ ability to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company. 

Ideally you and/or your team members have direct experience in managing plumbing businesses. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act like mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a plumbing team or successfully running their own plumbing company .  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet and cash flow statements.

Income Statement : an income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenues and then subtracts your costs to show whether you turned a profit or not.

sales growth

In developing your income statement, you need to devise assumptions. For example, will you be the only plumber or will you have a team of plumbers? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets : Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your plumbing business, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a bank writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement : Your cash flow statement will help determine how much money you need to start or grow your business, and make sure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt. 

In developing your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting a plumbing business or growing your existing comapny:

  • Advertising and marketing
  • Cost of equipment and supplies
  • Payroll or salaries paid to staff
  • Business insurance
  • Taxes and permits
  • Legal expenses

business costs

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your office location lease or costs needed to transport to a client location and expenses paid for working on projects.  

Putting together a business plan for your plumbing business is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert and know everything you need to about how to start a plumbing business. You will really understand the plumbing industry, your competition, and your customers. You will have developed a marketing plan and will really understand what it takes to launch and grow a successful plumbing business.  

Plumbing Business Plan FAQs

What is the easiest way to complete my plumbing business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily complete your Plumbing Business Plan.

What is the Goal of a Business Plan's Executive Summary?

The goal of your Executive Summary is to quickly engage the reader. Explain to them the type of plumbing business you are operating and the status; for example, are you a startup, do you have a plumbing business that you would like to grow, or are you operating a chain of plumbing businesses?

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Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to see how Growthink’s professional business plan consulting services can create your business plan for you.

Other Helpful Business Plan Articles & Templates

Business Plan Template & Guide For Small Businesses

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Plumbing Business Plan Template

Plumbing business plan.

You’ve come to the right place to create your Plumbing business plan.

We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Plumbing businesses.

Below is a template to help you create each section of your Plumbing business plan.

Executive Summary

Business overview.

Perfect Plumbing LLC is a new plumbing company located in Chapel Hill, North Carolina. We are a small company that is committed to helping the residents of Chapel Hill with all of their plumbing needs. We have upfront pricing, years of experience, and promise to arrive on time, every time. With our excellent skills and service, we expect to be the #1 plumbing company in the area within the next five years.

Perfect Plumbing LLC is led by Harry Garcia who has been a plumber for 20 years. While working for competing plumbing companies, he provided a variety of plumbing services for hundreds of customers living in the Chapel Hill area. His work ethic and expertise has gained him a positive reputation in the community and he has already built an initial clientbase. His loyal clientbase and experience will be invaluable to the company.

Product Offering

Perfect Plumbing LLC will provide a long list of residential plumbing services to the residents of Chapel Hill, North Carolina. These services will include fixture installation, repair services, water heater services, and emergency services. We can provide practically any service that ensures our customers’ plumbing is always in good repair.

Customer Focus

Perfect Plumbing LLC will serve the homeowners of Chapel Hill, NC. We will also work with real estate companies and property management companies who need plumbing services for their residential properties.

Management Team

Perfect Plumbing LLC is led by Harry Garcia, an experienced plumber who has worked in the industry for 20 years. He has worked with hundreds of residents in the Chapel Hill area and has gained a great reputation for his friendliness, expertise, and work ethic. He has been planning on creating his own plumbing business for several years and is finally ready to launch. With his good reputation and loyal clientbase, Harry is confident that Perfect Plumbing LLC will be a success in the community.

Success Factors

Perfect Plumbing LLC is primed for success by offering the following competitive advantages:

  • Quality plumbing services that are always on time and affordable.
  • Management team with extensive plumbing experience and a focus on maintaining long-term relationships with customers.
  • Skilled team of plumbing professionals who will get the job done right the first time.

Financial Highlights

Perfect Plumbing LLC is currently seeking $425,000 to launch. The funding will be dedicated to the office build out, purchase of initial supplies, working capital, marketing costs, and startup overhead expenses. The breakout of the funding is below:

  • Store design/build: $100,000
  • Vehicle purchase and maintenance: $50,000
  • Equipment and initial supplies: $150,000
  • Three months of overhead expenses (payroll, rent, utilities): $50,000
  • Marketing costs: $25,000
  • Working capital: $50,000

The following graph below outlines the pro forma financial projections for Perfect Plumbing LLC.

Perfect Plumbing LLC Pro Forma Financial Projections

Company Overview

Who is perfect plumbing llc.

Perfect Plumbing LLC is a new plumbing company located in Chapel Hill, North Carolina. We are a small company that is committed to helping the residents of Chapel Hill with all of their plumbing needs. We know that many plumbers disappoint their customers by being late, charging extraordinary fees, and not fixing the job the first time around. At Perfect Plumbing LLC, we are always upfront with our prices, reach our appointments on time, and have the expertise to fix the problem right away. With our excellent skills and service, we expect to be the #1 plumbing company in the area within the next five years.

  Perfect Plumbing LLC is led by Harry Garcia who has been a plumber for 20 years. While working for competing plumbing companies, he provided a variety of plumbing services for hundreds of customers living in the Chapel Hill area. His work ethic and expertise has gained him a positive reputation in the community and he has already built an initial clientbase. His loyal clientbase and experience will be invaluable for the company.

Perfect Plumbing LLC History

After spending several years in the plumbing industry, Harry Garcia has gained the knowledge, skills, and expertise necessary to start his own plumbing business. After years of planning out his business, he finally incorporated Perfect Plumbing LLC on March 1st, 2023.

Since incorporation, Harry has achieved the following milestones for Perfect Plumbing LLC:

  • Developed the company’s name, logo and website
  • Finished the list of services the company will provide
  • Determined equipment and inventory requirements
  • Found a potential office location

Perfect Plumbing LLC’s Services

Perfect Plumbing LLC will provide the following residential plumbing services:

  • Bathroom and kitchen fixture installation
  • Remodeling plumbing services
  • Pipe leak repair
  • Leaky faucet repair
  • Water heater installation and repair
  • Garbage disposal repair
  • Water line services
  • Emergency services

Industry Analysis

The plumbing services industry consists of repair and installation services that plumbers provide to residential and commercial clients. This can include installing bathroom and kitchen fixtures, installing water heaters and sub pumps, repairing leaks and broken fixtures, and providing emergency services. Nearly every building on the planet has some form of plumbing, so professional plumbers are always in high demand.

The plumbing industry is expected to grow over the next several years. This is primarily due to the increase in housing construction, leading to millions of new homes being built and needing new plumbing. Demand is also high due to many older buildings needing updates and repairs to their plumbing systems. According to Global Newswire, the global mechanical, electrical, and plumbing industry was valued at $50.2 billion in 2022 and is expected to grow at a CAGR of 10.7% from now until 2032. This substantial growth ensures the industry will remain profitable, making it a perfect time for new plumbing companies to enter the market.

Customer Analysis

Demographic profile of target market, customer segmentation.

Perfect Plumbing LLC will primarily target the following customer profiles:

  • Real estate companies
  • Property management companies

Competitive Analysis

Direct and indirect competitors.

Perfect Plumbing LLC will face competition from other companies with similar business profiles. A description of each competitor company is below.

Urgent Plumbing Services

Urgent Plumbing Services is the top plumbing company for residents experiencing plumbing emergencies. They are on-call 24/7 and can dispatch a plumber in as little as a few minutes. They can help with practically any emergency, ranging from leaks to sub pump failures. However, they only handle emergencies and do not offer common, non-emergency repair services. As such, they charge high rates for their services, which prevents many residents from hiring their services. Due to their prices and limited services, we expect Urgent Plumbing Services to be a minor competitor.

Chapel Hill Plumbing Co.

Chapel Hill Plumbing Co. has been one of the most popular plumbing services in the Chapel Hill area since 1976. They offer a wide range of services and boast a large crew of 50 plumbers on staff. As such, they can handle most of Chapel Hill’s plumbing demands for both residential and commercial clients. We expect Chapel Hill Plumbing Co. will be our largest competitor.

Johnson’s Plumbing Van

Established in 2012, Johnson’s Plumbing Van is a small operation founded by Bart Johnson. Bart is the sole employee for the company, but has a long and impressively loyal clientbase. He provides a long range of services, but can’t take on any projects that require more than one professional to be involved. As such, he is a minor competitor despite his current success.

Competitive Advantage

Perfect Plumbing LLC will be able to offer the following advantages over their competition:

  • Pricing : Perfect Plumbing LLC will provide an array of plumbing services that will be priced competitively and be more affordable than the competition.
  • Customer-Focus : Perfect Plumbing LLC’s focus will be on providing customer-focus service that prioritizes customer satisfaction and maintaining long-term relationships.
  • Management : Harry has been extremely successful working in the plumbing industry and will be able to use his previous experience to make clients feel comfortable with the process.

Marketing Plan

Brand & value proposition.

Perfect Plumbing LLC will offer the unique value proposition to its clientele:

  • Client-focused plumbing services, where the company’s interests are aligned with the customer.
  • Service is built on long-term relationships and personal attention.
  • Quality services for affordable rates.

Promotions Strategy

The promotions strategy for Perfect Plumbing LLC is as follows:

Social Media Marketing

The company will have several social media accounts and invest in ads on all social media platforms. These accounts will showcase pictures of our crew as well as a list of the services we provide. The company will use targeted marketing to appeal to our target demographics.

SEO Website Marketing

Perfect Plumbing LLC will invest funds into maintaining a strong SEO presence on search engines like Google and Bing. When a person types in “local plumbing services” or “Chapel Hill plumbing services”, Perfect Plumbing LLC will appear in the top three choices.

Advertisement

Advertisements in print publications like newspapers, magazines, etc., are an excellent way for businesses to connect with their audience. Perfect Plumbing LLC will advertise its services in popular magazines and news dailies. Obtaining relevant placements in industry magazines and journals will also help in increasing brand visibility.

Perfect Plumbing LLC understands that the best promotion comes from satisfied customers. The company will encourage its clients to refer other individuals and businesses by providing discounts on future services for every new client produced. This strategy will increase in effectiveness as time goes on.

The pricing of Perfect Plumbing LLC will be moderate and on par with competitors so customers feel they receive value when hiring our plumbing services.

Operations Plan

Perfect Plumbing LLC will utilize the following operations plan. Operation Functions:

  • Harry Garcia will be the Owner of Perfect Plumbing LLC. He will run the general operations of the company and provide plumbing services to his initial clientbase. He will be the sole employee for the company in the beginning but will gradually hire the following staff:
  • An Administrative Assistant who can answer phones, schedule appointments, and work on general administrative tasks.
  • An Accountant who will manage all client invoicing, billing, and payables.
  • A Marketing Assistant who will run all the marketing and promotions campaigns.
  • Several contractors who will provide quality plumbing services.

Milestones:

Perfect Plumbing LLC will have the following milestones complete in the next six months:

  • 5/1/202X – Finalize lease agreement for office space
  • 6/1/202X – Office build out
  • 7/1/202X – Hire and train essential staff
  • 8/1/202X – Begin marketing campaign
  • 9/1/202X – Launch Perfect Plumbing LLC
  • 10/1/202X – Reach break even

Though he has never run his own business, Harry Garcia has worked in the industry long enough to gain an in-depth knowledge of the operations (e.g., running day-to-day operations) and the business (e.g., staffing, marketing, etc.) sides of the industry. He also already has a starting customer base that he served while working for other plumbing companies. He will hire several other employees who can help him run the aspects of the business that he is unfamiliar with.

Financial Plan

Key revenue & costs.

The revenue drivers for Perfect Plumbing LLC will come charging our clients for our plumbing services.

The cost drivers for Perfect Plumbing LLC will include the overhead costs, salaries, cost of supplies, vehicle maintenance, and marketing expenses.

Funding Requirements and Use of Funds

Key assumptions.

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and pay off the startup business loan.

  • Number Of Clients:
  • Annual Lease: $25,000
  • Vehicle Maintenance & Upkeep: $20,000

Financial Projections

Income statement, balance sheet, cash flow statement, plumbing business plan faqs, what is a plumbing business plan.

A plumbing business plan is a plan to start and/or grow your plumbing business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your Plumbing business plan using our Plumbing Business Plan Template here .

What are the Main Types of Plumbing Businesses? 

There are a number of different kinds of plumbing businesses , some examples include: Commercial Plumbing, Residential Plumbing, and Service and Repair Plumbing.

How Do You Get Funding for Your Plumbing Business Plan?

Plumbing businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a Plumbing Business?

Starting a plumbing business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop A Plumbing Business Plan - The first step in starting a business is to create a detailed plumbing business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast. 

2. Choose Your Legal Structure - It's important to select an appropriate legal entity for your plumbing business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your plumbing business is in compliance with local laws.

3. Register Your Plumbing Business - Once you have chosen a legal structure, the next step is to register your plumbing business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws.

4. Identify Financing Options - It’s likely that you’ll need some capital to start your plumbing business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms.

5. Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.

6. Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events.

7. Acquire Necessary Plumbing Equipment & Supplies - In order to start your plumbing business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation.

8. Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your plumbing business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful plumbing business:

  • How to Start a Plumbing Business
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Author: Becky Forbes | Business Practices

Plumbing Business Plan: Complete Guide 

The plumbing industry is a lucrative market, with steady demand for plumbing services. However, starting a plumbing business requires a significant investment, including obtaining a master plumber license, purchasing equipment, and marketing your business. If you’re passionate about plumbing and have the skills and determination to succeed, then a plumbing business can be an excellent opportunity for you. Starting a plumbing business is an exciting opportunity, but it can quickly become overwhelming without a proper plan and strategy. That’s why having a comprehensive plumbing business plan is imperative for the success of your business. In this post, we’ll cover why you need a business plan, what to include in it, how to get started, and even a free template!

Why a Plumbing Business Plan is Essential

A business plan is an essential and comprehensive guide for starting a successful plumbing business. This plan will act as a roadmap, guiding you through the ups and downs of running a successful plumbing business. It outlines goals, strategies, operations, and financial plans to keep the business organized and on track. Writing a business plan helps you stay focused on your objectives and anticipate challenges so you can prepare for them proactively. It will also make it easier to secure funding, as investors and lenders will want to see a well-thought-out plan. 

business plan in plumbing

What to Include in Your Plumbing Business Plan

The plumbing business plan should be well-organized, clear, concise, and regularly updated to reflect the business’s changing needs and goals. This outline can be used as a plumbing business plan template for business owners to create a comprehensive plan for their plumbing company. 

Here’s How to Start a Plumbing Business Plan:

  • Executive Summary: This summary is an overview of the plumbing company’s goals, objectives, and mission statement. It should highlight the business’s unique selling points, including its experience and expertise in plumbing services and its commitment to customer satisfaction. It should provide an overview of the plumbing industry, including trends and market conditions, to help position the business as a leader in its field. 
  • Company Summary: The company summary should be clear, concise, and well-written to convey the business’s vision and growth plans. This comprehensive overview includes the steps involved in starting and running a successful plumbing business, including obtaining a master plumber license. 
  • Industry Analysis: This analysis provides an in-depth examination of the plumbing industry, including its market trends, competitive landscape, and current regulations and standards. It helps to identify opportunities and challenges for the business and informs strategic planning to stay ahead of the competition.

business plan in plumbing

  • Market Analysis: This involves a thorough analysis of the target market for the plumbing business, diving into demographic information and consumer behavior to gain insights into the buying habits and preferences of the target audience. It also provides a comprehensive overview of the plumbing industry, including market trends, competitive landscape, and market size, which can be used to inform business strategies and decisions. This analysis can help the plumbing business effectively reach and engage with its target market, leading to increased customer acquisition and revenue growth.
  • Marketing and Sales Strategy: This outlines a comprehensive plan for attracting and retaining customers in the plumbing business. It includes various marketing and sales tactics, such as advertising, promotions, leveraging word of mouth, and providing excellent customer service. The marketing plan component of this strategy outlines a more focused and intentional approach to promoting the plumbing business, taking into account key factors such as the target market. With a well-executed marketing and sales strategy, the plumbing business can effectively reach its target audience, differentiate itself from the competition, drive customer loyalty, and establish long-term customers. 
  • Service Offerings: This section outlines the comprehensive range of services offered by the business, including both residential plumbing and commercial plumbing solutions. It provides a clear and detailed description of each service, including the scope of work and pricing information. By offering a wide range of high-quality plumbing services, the business can cater to the diverse needs of its customers and stand out in a competitive market. The clear and transparent presentation of service offerings can also foster trust and build credibility with potential customers, leading to increased customer acquisition and revenue growth.
  • Operations Plan: This operations plan is a critical component of the overall business strategy, as it ensures that the plumbing business operates smoothly and efficiently and can provide top-notch service to its customers. This comprehensive plan outlines how the plumbing business will be run and managed daily. \ It covers critical operational areas such as employee management, staffing, equipment usage, appointment scheduling, and customer service processes. Additionally, it highlights the importance of offering credit card payment options, which can provide added convenience and flexibility for customers and help the business increase sales and revenue.  By having a well-defined and executed operations plan, the business can achieve its short-term and long-term goals, grow its customer base, and build a strong reputation in the plumbing industry.
  • Financial Plan: This component of the business plan provides a comprehensive overview of the financial projections for the plumbing business. It includes detailed revenue projections, cash flow analysis, and growth projections, as well as a balance sheet to demonstrate the financial stability and potential for the success of the business. The financial plan should specify the expected profitability of the business over a specified period of time and provide projected balance sheet and cash flow statements that demonstrate the long-term financial viability of the business. This financial plan is a crucial component of the overall business strategy, as it provides a realistic and data-driven view of the business’s financial future and helps to inform decision-making and secure funding. By having a well-structured and realistic financial plan, the plumbing business can attract investors and lenders, establish a strong financial foundation, and secure its long-term success.
  • Conclusion:   The conclusion is a crucial component of the business plan, as it ties together all of the key elements and provides a final demonstration of the plumbing business’s potential for success. It provides a concise and compelling summary of the key points covered in the plumbing business plan. It reiterates the business’s mission, vision, and commitment to success and highlights the strengths and unique selling points of the business. The conclusion serves as a final opportunity to make a strong impression on potential investors, lenders, and stakeholders and to reinforce the potential for success and growth of the plumbing business. It should leave the reader with a clear and optimistic view of the business’s future and convey a sense of confidence and determination to succeed. 

We hope that you have a good understanding of the key elements that should be included in a plumbing business plan. A comprehensive plumbing business plan is crucial for success and should include an executive summary, company summary, industry analysis, market analysis, marketing and sales strategy, service offerings, operations plan, and financial plan. These elements provide a roadmap for starting and running a successful plumbing business, as well as strategies for marketing, customer service, finances, and business operations. A plumbing business plan is essential for the success of your plumbing business. It provides a clear roadmap for your journey to success and helps you stay focused on your goals. With the right plan and determination, you can build a successful plumbing business that will provide you with a steady income for years to come. 

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How to start a plumbing business.

How to Start a Plumbing Business

Owning your own business can be liberating, especially when you’re providing a service that you’re passionate about.

Many plumbers start their careers by working as an apprentice or a contractor of another plumber. But as they grow in the trade and reach “expert status,” it is normal to want to branch off and start plumbing businesses of their own.

In this post, we’re going to cover everything you need to know about starting a plumbing business. We will discuss a few benefits of starting this kind of business and review a few directions plumbers can go in terms of specialization.

From there, we’ll provide a thorough rundown of how to start a plumbing business. You’ll walk away with 10 actionable steps for starting your own business.

Here’s What We’ll Cover:

Why Start a Plumbing Business?

Can i start a plumbing business with no experience, plumbing business specializations, independent contractor vs. plumbing company, how to start a plumbing business in 10 steps, launch your plumbing business with success, businesses related to plumbing.

At this point, there’s never been a higher demand for plumbers. There is a gold mine of opportunity for plumbers to create businesses of their own since there is more than enough work to go around.

Let’s review a few of the top benefits of starting a plumbing business.

Benefits of Starting a Plumbing Business

  • Tradesmen shortage : There is a high demand for plumbing experts, but trades schools and family businesses that once kept up this supply are diminishing
  • Many types of plumbing: There are so many types of plumbing, so you have a lot of variety in the direction you take your business
  • Great pay: Plumbers make decent money right off the bat
  • Flexibility in business structure: You could keep things simple as a freelance plumber, or you can build a more scalable business

business plan in plumbing

Unless you are simply owning and operating your plumbing company and not rendering any services yourself, you will need experience.

Plumbing is a very specialized trade that requires quite a bit of training. A lot of plumbing has to be done to follow codes and regulations set forth by the city or state, so knowledge of these guidelines is a must.

In fact, you will need to be properly licensed as a plumber, but we will touch more on the specifics of this shortly.

Plumbers have a lot of different opportunities in terms of specializations and career paths. This means there are quite a few different types of plumbing businesses you could start.

Some popular types of plumbing businesses include:

  • Plumbing technician : The kind of plumber that goes into homes and commercial buildings to evaluate the building’s plumbing issues
  • Gas service: The specialists who deal with gas leaks and related issues
  • Pipefitting: A plumber with special expertise in systems and pipe installation 
  • Steamfitting: Similar to pipefitting, but deals with pipe systems that handle high pressurized gas
  • Pipelayers: Installs piping in trenches to connect to main water, gas and sewage tanks, typically on large scale projects

Do I Need to Choose a Specialization?

Yes, you do need to choose a specialization for your plumbing business. 

Since the different paths you can take in the plumbing industry are so incredibly different, you’re wise to choose one to focus on. 

With this approach, you will become very good at that one particular specialization. You’ll also only need to invest in very specific tools and materials for your plumbing company since you’re offering one service instead of a wide range of services.

Before you get started, you’re going to need to decide whether you want to start an independent contractor business or build a business with multiple plumbers working under you.

The freelance route is attractive to many because it gives you the flexibility to choose the jobs you want on a schedule that makes sense for you. 

The biggest drawback of freelancing? There is room for growth but little room for scalability. This means that you can make more money by raising your rates, but you only have a finite number of hours in a day, so there will be a cap on how many people you can serve.

The route you want to take comes down to personal goals and preferences. You can definitely start as a freelancer to build credibility and a loyal clientele.

No matter which direction you take, you will need to be properly qualified to be a plumber if you are personally rendering plumbing services. To obtain your plumbing license, you’ll need to either study plumbing at a trade school or find an apprenticeship program. Trade school plumbing programs generally last about two years. Apprenticeships can last upwards of five years.

You should also choose a specialization before you start your business because that will likely entail working under an expert in that niche before you are equipped to operate on your own serving customers.

If you’ve worked as an apprentice under a skilled plumber, you’re likely somewhat familiar with how a plumbing business is operated. But do you know what it takes to get one up and running?

Let’s take a look at the general process that you’ll follow when starting your new plumbing business.

For the sake of this walkthrough, we’re going to assume that you already have the appropriate experience and licensing to work as a plumber.

1. Draw up a Business Plan

Every successful business starts with a plan. This plan could be some notes to outline your thoughts and ideas, or it could be a formal report on how you want to operate your business.

Unless you’re submitting your business plan to an organization or bank for funding, something informal will do the trick.

Write out everything you have in your head about starting your plumbing business, and see where you need to fill in the gaps.

Your business plan should detail what you have to offer, which customers you’re going to serve and how you’re going to make that happen. Take a look at what local competitors are doing, and figure out how you can do it better. 

Decide on a specific area that you will serve. Determine how many miles you’re willing to travel and if you’d consider going beyond that mileage for a higher rate.

2. Create a Business Entity

Creating a legal business entity is very important. You should sort this out from the start so there are no crossed lines with your personal and professional accounts. 

A limited liability company (LLC) should suffice for a plumbing company, but you also have the option of starting a corporation. Once you’ve established this entity, you’ll register for an employer identification number (EIN) on its behalf. This is a tax identification number that you’ll use for anything that has to do with finances. 

We urge you to contact a local attorney or a local mentor in the plumbing industry for guidance so you can rest assured that everything is properly documented.

3. Identify Your Target Market

Even though you have established what sort of plumbing business you’re going to start, you’ll need to identify your target audience so that you know exactly who to market your services to. 

Here are a few questions that will help you build this profile:

  • Is your ideal client a business or a homeowner?
  • Does your ideal client live in a specific neighborhood? 
  • What does your ideal client do for a living?
  • What is their income?
  • About how old is your ideal client?
  • Will they need you during regular working hours or will they call on you for after-hours emergencies?

Identifying your target market and creating your ideal client profile from the start will give you direction in your business. It will help you better craft the service that you have to offer to best meet customers’ needs.

Having a clear picture of who you’re serving will help you reach those customers with no problem at all.

4. Establish a Solid Accounting System

Starting a plumbing business requires a bit of an investment. You’ll need to factor in costs for materials, equipment, liability insurance, business cards, transportation and a headquarters for storage and possibly an office. These costs will vary based on the type of plumbing business you’re starting.

When you’re getting started, you’re also going to need to consider your budget for branding . Right off the bat, you’ll have to invest in a logo and a website, which will likely be a couple of thousand dollars. You should also plan to set aside some money for marketing and advertising. 

As you add up these figures, factor in what percent you’ll have to set aside for taxes. You’ll likely pay quarterly, but this will depend on the structure of your small business. Putting roughly 35% aside for taxes is generally the rule of thumb.

Also, as you make investments in your business, be sure to keep receipts for everything so that you can write it all off for tax breaks. Automated accounting software can help you keep your small business financials in check, send plumbing invoices and much more. 

5. Price Your Services 

Now that you have a good idea of how much it will cost to start and run your small business, it’s time to price your services.

Many business owners offer a flat rate for projects, and they generate this rate based on their desired hourly income. Make sure you factor in your operating costs when setting these rates.

In addition to your normal rates, you can have special rates for emergency calls, evenings and weekends. Charge more for work outside of your regular operating hours.

You should also have a call-out fee that clients pay simply to have you come out and evaluate the situation. This fee is typically between $50 and $100. We recommend checking what other business owners in your area are charging for a call-out fee to determine an appropriate rate.

Figure out additional travel fees for customers outside of the region that you typically cover.

6. Bring Your Brand to Life

A few steps back, you gave your plumbing business a name, and now it is time to bring that brand to life. Essentially, your brand will be your business persona. 

Before you get started with the logo and visual aspects, identify your brand’s mission and core values. As a service-based business, values like honesty and integrity are a good place to start. Come up with three to five core values that will guide everything that you do.

From there, think of what sort of visuals represent your brand. A brand specialist and graphic designer can help you work this out, but it is a good idea to have a general direction before you start working with them.

Do you want your professionalism to be the focus of your brand? Maybe you’d like your brand to be more representative of hard work and strength.

All of these aspects will be tied together in your logo, which you’ll use on your website, your truck and any branded material.

No matter what look you go with, remember to keep your core values at the center of everything that you do in your small business.

7. Market Your Services

There are a few ways to market your services and reach your target audience.

As a service provider, trust is everything, so referral marketing is a great way to get started. This is essentially partnering with businesses that would share a clientele with you. Your partners could be plumbers with different specializations, or they could even be electricians, general contractors and the like.

Basically, you’ll give your partners a bonus every time they send you new customers. This could be a set fee per customer, or it could be a percentage of whatever you make on the job.

Local search engine optimization (SEO) and search engine marketing (SEM) are also wonderful marketing tactics for plumbers. Each of these approaches makes your business discoverable to your audience when they do a quick search of your services on a search engine like Google or Yelp.

The goal for both of these methods would be for your website and contact information to appear when people search terms like “plumber near me” or “plumber in [your location].” With SEO, your site pages are optimized for these specific keywords to appear organically, but with SEM, you pay for your posts to come up on top.

business plan in plumbing

8. Hire Help If Necessary

How you hire for your plumbing business will vary depending on whether you’re freelancing or building a whole team of plumbers.

At the very least, it is a good idea to hire an assistant to take care of scheduling, billing and other administrative tasks.

If you do decide to build your team of plumbers, you’ll want to choose people who are licensed and highly skilled. You’ll want to check both personal and professional references to make sure that they’re reliable and trustworthy.

9. Deliver High-quality Work

As a service provider, your reputation depends on how you treat your customers and how well you deliver. This means that it is on you to deliver as promised every single time. If you’ve promised high-quality work, then you must show up and make it happen.

In the unavoidable event that something goes wrong, you need to be honest about it and make it right. We all make mistakes, but making a mistake on plumbing could cost your client a lot of money down the line. 

Keep honesty and integrity at the forefront of your operation, and you should be good to go.

10. Collect Reviews and Testimonials

Part of building your business requires gaining trust in your community. Ask for reviews or testimonials upon the competition of a job.

Remember how we mentioned local SEO? If you set up a Google My Business page, your customers can leave their reviews there so that when people look for a well-rated plumber close by, you’ll pop up.

Additionally, having reviews on your website and social media page will help you come across as more legitimate, which will make your services easier to sell.

It is time to launch your plumbing business! You’ve likely spent the past few years fine-tuning your skills and mastering the trade, so stepping out on your own is the logical next step.

The 10 steps that we’ve outlined will serve as a trusty guide throughout this process, but don’t be afraid to tweak it where it makes for your business, services and target audience.

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What to Include in a Plumbing Business Plan [& Free Template]

Plumbers who want to start their own plumbing company need a plumbing business plan. It’s a crucial tool that helps plumbers make informed decisions, set clear goals, secure funding if needed, and navigate the complexities of running a successful plumbing business. It’s essentially a roadmap for startups or existing plumbing companies to achieve long-term success and growth.

To help you design or improve your own plumbing business plan, get started with our free plumbing business plan template. We show you what to include in your business plan and how to write one using a company business plan template specifically designed for the plumbing industry.

Table of Contents

What is a business plan for a plumbing business, why should a plumbing business have a business plan, how to write a plumbing business plan [with template].

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A business plan for a plumbing business is a comprehensive document that outlines all aspects of the company’s operations, goals, strategies, and financial projections. It serves as a roadmap for the business owner and potential stakeholders by detailing step by step how the business will be structured, managed, and grown. Both startups and established plumbers use business plans to grow their plumbing companies , apply for funding, or seek financial investors.

A plumbing business plan is also a fluid document that needs adjusting on a regular basis along with your business goals and strategies. It can show you how many leads to generate, how many calls to answer, and what your techs’ average ticket needs to be to generate a certain level of revenue each month.

Developing a business plan is especially helpful for new plumbing companies, especially if they’re seeking funding from investors to get their small business off the ground. A plumbing company business plan also serves great purpose for an established plumbing business, as the company reflects on goals and updates its business plan throughout the year.

Plumbers, like any other business owners, benefit from a well-thought-out business management plan for two important reasons.

Reason #1: Fundraising purposes

If plumbers seek financing to start their own business or investors to expand into new businesses, a solid business plan is essential. Lenders and investors want to see a detailed financial report, monthly financial statements, balance sheets, a daily operational plan, and sales forecast — just to name a few of the most important documents to include in a business plan.

In short, lenders and investors want to see a detailed plan that demonstrates the business's potential for success and how it intends to use the funds. The main sources of funding for a plumbing business include personal funds, credit cards, bank loans, and investors. Personal savings and bank loans are the most common funding paths for plumbing companies.

Reason #2: Identify business goals and minimize risks

A business plan serves as your company’s blueprint, as it outlines the roadmap for where you want your plumbing business to go and how you plan to get there. By defining your company’s mission, vision, and long-term goals, and identifying ways to measure success, you and your management team can make informed decisions on the best path forward.

Risk management is also a critical component to your business plan. Include details about your competitors, the market, your target audience, and any future obstacles on the horizon, then develop a contingency plan to handle any potential risks or challenges.

A plumbing business plan should be tailored to the specific goals of your plumbing business and provide a realistic and achievable roadmap for its success. To help plumbing contractors know exactly what information to include in a business plan, ServiceTitan created a plumbing company business plan template for you to download and fill in.

>>Download our free plumbing company business plan template.

Here are the key components typically included in a plumbing business plan:

1. Industry analysis  

Begin by assessing the current market trends for the plumbing industry in your area. Who are your customers? What demographics define your target audience? Who are your biggest competitors? What is the market size or market share in your area, and how can you set your plumbing company apart from the rest? Then use your answers to help inform your overall plumbing business strategy.

2. Executive summary

Write your executive summary last, but include it near the top of your business plan as a constant reminder of your overall vision and goals for your plumbing company. Keep it concise with an overview of the entire business plan, including a mission statement, the business goals, target market, competitive advantage, and financial projections for future growth.

3. Company overview

Your business overview provides details about your specific plumbing business. Tell your company’s story, including how it got started and where it plans to go. Explain how your vision, core values, and business philosophy sets you apart from others in the plumbing industry. 

Outline your goals and objectives for the business, and identify specific key performance indicators (KPIs) you plan to monitor as your company grows. Elaborate on your target audience and how you plan to market your services to generate new leads. Identify the strengths and core competencies that make your plumbing company stand out, and demonstrate how your training processes help plumbing techs excel.

4. Products and services

Clearly describe your plumbing company’s pricing structure and what’s included for each plumbing service you offer, including repairs, installations, maintenance, emergency services, and specialized work.

Define the scope of your residential and/or commercial plumbing services and repairs, including clog-clearing, leak inspections, toilet plumbing, faucets, sewer lines, water heaters, sump pumps, new installations, and more. Then, develop creative guarantees for service, repair, and replacement that inspire customers to take notice and highlight any specialized work your plumbers do, such as gasfitting appliances or large drain clearing.

Do you price plumbing jobs by the hour, or offer flat-rate pricing? Include the service rate, add in the travel fee if you charge one, then total the billable amount for every job or service you offer.

ServiceTitan’s integrated pricebook helps plumbing businesses set accurate and profitable pricing every time. Also, Price Insights, available to users of Pricebook Pro , works to calculate the average price for each plumbing service, then shows you how your prices compare to others in your region. You can easily see if your prices are too low or too high, then adjust to keep your profit margins in line.

5. Market analysis

Take a thorough assessment of market trends in your area and analyze key competitors. Where do they shine, and where do they fizzle? How much market share do they control? How do they price their plumbing services? What gaps need to be filled in terms of the type of plumbing services offered or in areas where customers struggle to find a reliable plumber?

Collect and analyze the market data, then strategize ways to outrank your competition on every key metric, from providing online booking capabilities and delivering excellent customer service to quicker response times and fewer callbacks.

6. Customer analysis

Fully research your target audience to gain a complete picture of who your customers are and who you want them to be. Define their demographics, such as age, gender, income level, location, and buying behaviors. If you plan to service residential customers, learn as much as you can about the age of their homes, total assessed value, date last sold, and even the type of plumbing system in use.

Leverage customer experience software to gain even more insight into your customers’ plumbing history, needs, and possible pain points, then train your CSRs and plumbing techs to use our automated customer relationship management (CRM) features to improve their overall performance.

Notable ServiceTitan CRM features include:

Scheduling : Automated scheduling options allow plumbing customers to book jobs at their own convenience, whether by booking directly online or through calls, text, or web chats. 

Detailed customer history : A robust CRM allows CSRs to personalize the customer experience from the start, then collect the necessary information to adequately inform service techs so they arrive fully prepared to do the job.

Text messaging communication : Text appointment reminders and technician bios to communicate with customers the way they prefer. With two-way SMS communication, customers can easily confirm or reschedule appointments, ask questions, or even pay their bill.

Live tracking : No more waiting around for the plumber to arrive! With live tracking features, customers can see the tech’s exact location on a map and know when they’ll arrive.

On-site estimates : With ServiceTitan Mobile , techs can build and display branded, digital estimates with good, better, and best options in just a few taps.  

Financing options: Ease customers’ minds about cost by providing easy financing options on high-dollar plumbing jobs. ServiceTitan offers several options, and customers can apply right from the tech’s mobile device, choose the plan that fits best, and receive instant approval.

7. Marketing and sales plan

Create a detailed plumbing marketing plan for how the business will attract potential customers and retain current ones through branding, pricing strategy, advertising methods, online presence, reputation management, and customer experience.

ServiceTitan’s home services marketing software analyzes your own customer data to come up with solutions to attract, convert, and retain customers. With ServiceTitan’s Marketing Scorecard, you can rank your campaigns by revenue so you know what’s working and what isn’t, and even drill down to see what kind of jobs your ads are producing.

8. Organization and management

Develop a chart that outlines the company’s organizational structure, roles and responsibilities of key team members, resumes of key team members, and the owner's qualifications, licenses, and permits. Include job descriptions and job interview questions so everyone knows your expectations for how the company will be organized and managed.

9. Operational plan

Include information about the day-to-day operations of your plumbing business. Detail your workflow processes, equipment and inventory used, go-to suppliers, and any plumbing partnerships that help you deliver premium service.

The more details you provide here will help to inform the company roadmap for your team, ultimately resulting in improved efficiency, higher productivity, and increased profits.

10. Financial plan

Your plumbing business’s financial plan typically includes startup costs, a 12-month profit-and-loss projection, a cash-flow projection, a projected balance sheet, and a break-even calculation. 

With customized reporting capabilities, ServiceTitan field reporting software helps you stay on top of every aspect of your financial plan, giving you data-driven visibility into the areas where you’re finding success and where you’re not.

Over to You

ServiceTitan’s cloud-based, all-in-one plumbing software gives plumbing business owners the technology they need to do the work efficiently, the data and reporting they need to do it smartly, and a wide array of resources to guide them as they grow toward achieving long-term success.

>> Want to start your own plumbing business or revitalize and grow an established business? Download this plumbing business plan template to get started.

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How to create a plumbing business plan

  • Nirit Braun
  • Dec 11, 2023

How to create a plumbing business plan

A plumbing business plan is a strategic document that outlines the goals, objectives, strategies and operational details of a plumbing company. It serves as a roadmap for starting a business in the plumbing industry, guiding entrepreneurs through the process of establishing and managing their enterprise.

A comprehensive and clear plumbing business plan is essential for several reasons, particularly when starting a business and building a website .

Ready to launch your plumbing business ? Create a business website today with Wix.

Top benefits of creating a plumbing business plan

First, a well-structured business plan is one of the most important early steps in starting a business . It provides clear direction for the company's growth and development. It helps the entrepreneur define their target market, identify competitors and formulate a unique value proposition that sets the plumbing business apart in a competitive market. This plan outlines the products and services the business will offer, the pricing strategy and the marketing approaches that will be employed to attract customers.

Second, a plumbing business plan assists in securing capital from banks, investors or other financial institutions. It demonstrates the entrepreneur's dedication and understanding of the market, making it more likely to attract external funding.

Furthermore, a business plan serves as an operational guide, detailing the organizational structure, roles and responsibilities of team members and the day-to-day processes involved in running the plumbing business. It also outlines the financial projections, budgeting and revenue forecasts, ensuring that the business remains financially viable and sustainable over time.

How to create a plumbing business plan in 6 steps

In this section, we'll walk through six essential steps for crafting a plumbing business plan tailored to your company's unique needs.

Executive summary

Business and domain names

Market analysis and research

Operations plan

Marketing and advertising plan

Financial plan

01. Executive summary

An executive summary is a concise overview of your plumbing business plan, summarizing its key components and highlighting the most crucial points. It provides readers, including potential investors and partners, with a quick understanding of your business's goals, strategies and potential. When crafting an executive summary for a plumbing business, focus on capturing the essence of your company's mission and how you intend to fulfill it.

Example executive summary for a plumbing business: “PlumbAce Services is a dynamic plumbing company dedicated to delivering top-notch residential and commercial plumbing solutions. With a team of skilled technicians and a commitment to exceptional customer service, PlumbAce aims to become the go-to plumbing provider in the local market. By offering a comprehensive range of services, including repairs, installations and maintenance, we are poised to address the diverse needs of our clients efficiently and effectively. Our business plan outlines a strategic approach to market penetration, emphasizing customer satisfaction, innovation and community engagement. Through a blend of online marketing, strategic partnerships and service excellence, we aim to achieve steady growth and a solid reputation within the first two years of operation.”

02. Business and domain names

Knowing how to name a business is crucial for any new venture and a key step before you register your business . A well-chosen name forms the foundation of your brand, plus builds trust and recognition in your target market. While you’re in the brainstorming phase, consider using a business name generator like one from Wix for inspiration. This tool can offer unique and creative options that align with the services you offer.

Be inspired: Plumbing business name ideas

It's also essential to align your company name with your domain name when making a website for your business. A domain name that matches your company name helps in online branding and makes it easier for potential customers to find you.

When selecting a domain name, follow these best practices:

Choose a domain name that reflects your offerings and is easy to remember

Keep it simple and avoid using complex or lengthy words

Add relevant keywords, like "plumbing" or "pipes," to improve search engine visibility

Ensure your domain name is distinctive and not easily confused with other businesses

Opt for a common extension like ".com," as it's more familiar to users

03. Market analysis and research

Incorporating a market analysis and research section in your business plan is vital for understanding your target market, identifying competitors and developing effective strategies. Conduct thorough research on customer demographics, preferences and pain points related to plumbing services. There is steady demand for plumbers , so you’ll have plenty of competitors to analyze as you identify areas where you can differentiate your business.

Use data from industry reports, online surveys and local market research to shape your marketing strategies. Understanding customer needs and market trends for this type of business will allow you to tailor your services, pricing and marketing efforts more effectively.

04. Operations plan

Your operations plan needs to detail the logistical aspects of your plumbing business, encompassing location, premises, equipment and staffing requirements. Highlight your choice of location and premises, detailing factors such as proximity to your target market and accessibility.

Outline the essential equipment needed for plumbing services, including tools, vehicles and technology. Discuss your staffing needs, including the number of technicians and support staff required. Emphasize the qualifications, skills and training your team will possess to ensure top-quality service delivery.

05. Marketing and advertising plans

Your marketing and advertising plan should outline the strategies and campaigns you'll employ to promote your plumbing business. Consider a combination of online and offline marketing methods to target various customer groups.

Start by making a website that effectively showcases your services, testimonials and contact information. Then, optimize your website for relevant keywords to rank higher in search engine results. You can also register your business on online directories and platforms like Google Business Profile.

You’ll also need to develop a suite of brand assets to use in your marketing, starting with a company logo. You can use a free logo maker to get a professional design in minutes.

06. Financial plan

The financial plan outlines your plumbing business' financial projections, initial funding and profitability timeline. It should outline your projected initial expenses, including equipment, licenses, permits, marketing and staffing. The cost to start a plumbing business can range from around $7,500 to over $22,000 , so detailing the cost estimate of each expense can help you gain a clearer picture of how much initial capital you will need.

Then, estimate your expected revenue based on market research and sales forecasts.

List ongoing costs like rent, utilities, insurance and marketing. It’s important to define when you expect to start generating a profit, considering factors like growth rate and market demand. Detail where your initial funding will come from, whether through personal savings, loans or investors.

steps to developing a business plan

Plumbing business plan examples

Here are two draft business plan templates for a hypothetical plumbing business.

Plumbing business plan template 1: Plumbing Excellence Services

Plumbing Excellence Services is committed to delivering exceptional plumbing solutions for residential and commercial clients. With a team of highly skilled technicians and a dedication to customer satisfaction, we aim to establish ourselves as a reputable and reliable plumbing service provider in the local market. Our strategic approach focuses on quality workmanship, competitive pricing and modern technology to streamline our services and enhance customer experience. We project steady growth within the first three years by targeting both residential and commercial sectors.

Company and domain name

Company name: Plumbing Excellence Services

Domain name: www.plumbingexcellenceservices.com

Our market analysis indicates a growing demand for plumbing services due to urban expansion and renovation projects in the local area. Research highlights that customers value prompt response times, transparent pricing and knowledgeable technicians. Competitor analysis reveals opportunities to provide specialized services such as eco-friendly plumbing solutions.

Location: Prime location near residential and commercial hubs

Premises: Leasing a well-equipped facility for administrative tasks and equipment storage.

Equipment: State-of-the-art tools, inspection cameras and service vehicles

Staffing: A team of certified plumbers, customer service representatives and administrative staff

Online presence: Professional website showcasing services, testimonials and blog posts about plumbing maintenance tips

SEO strategy: Targeting keywords like "emergency plumber," "residential plumbing," and "commercial plumbing" to improve online visibility

Local networking: Partnering with local contractors and property managers for referrals

Social media engagement: Active presence on social platforms to engage with the community and provide plumbing advice

Startup costs: $100,000 for equipment, licenses, marketing and initial staffing

Revenue projections (first year): $250,000

Revenue projections (second year): $400,000

Revenue projections (third year): $600,000

Operating expenses: Monthly expenses include rent, utilities, marketing and salaries

Profitability timeline : Expected to achieve profitability by the end of Year 2

Funding sources: $70,000 personal savings, $30,000 small business loan

Plumbing business plan template 2: Streamline Plumbing Solutions

Streamline Plumbing Solutions is poised to redefine the plumbing service industry through innovative techniques and exceptional customer care. Our team of certified technicians is dedicated to delivering efficient and effective solutions to residential and commercial plumbing needs. We are committed to building lasting relationships with clients and becoming their trusted plumbing partner. Our strategic plan emphasizes leveraging technology, nurturing customer relationships and expanding our service offerings to achieve sustainable growth.

Company name: Streamline Plumbing Solutions

Domain name: www.streamlineplumbingsolutions.com

Market research: Growing demand for modern plumbing solutions, driven by urban redevelopment projects

Customer preferences: Customers seek technologically advanced solutions, eco-friendly options and transparent pricing

Competition analysis: Identifying opportunities in underserved niches, such as water-efficient plumbing installations

Location: Easily accessible location near major residential and commercial areas

Premises: Leasing a modern facility to accommodate administrative tasks and inventory

Equipment: Cutting-edge plumbing tools, water-efficient fixtures and advanced diagnostic equipment

Staffing: A team of experienced plumbers, customer service specialists and apprentices for skill development

Website development: User-friendly business website highlighting our services, case studies and expert plumbing advice

Content strategy: Regular blog posts and videos on plumbing tips, maintenance and industry trends

Local partnerships: Collaborating with architects, interior designers and construction companies to tap into referral networks

Online advertising: Targeted Google Ads and social media campaigns to reach potential customers

Startup costs: $120,000 for equipment, permits, marketing and initial staffing

Revenue projections (first year): $300,000

Revenue projections (second year): $500,000

Revenue projections (third year): $700,000

Operating expenses: Including rent, utilities, marketing and salaries

Profitability timeline: Anticipate reaching profitability by the end of Year 2

Funding sources: $80,000 personal savings, $40,000 angel investor funding

Is it a good idea to start a plumbing business?

Starting a plumbing business can be a good idea, but like any business venture, it comes with both opportunities and challenges. Here are some factors to consider before starting your plumbing business plan.

Plumbing services are consistently in demand and people require plumbing services for new construction, renovations, repairs and maintenance. This can make it a good recession-proof business idea . If you already have plumbing skills and experience, you can leverage your expertise to build a successful business. Then as you establish your reputation and client base, there is potential for growth and expansion into additional services or areas as your business scales. You can target both residential and commercial markets, providing a diverse range of services.

However despite the opportunities, there are several challenges to consider when drafting your plumbing business plan. The plumbing industry can be competitive, so differentiating your business ideas and offering exceptional service is crucial.

Plumbing businesses are subject to regulations and licensing requirements. Ensure compliance with local, state and national regulations. Alongside this starting a plumbing business may require a significant initial investment in tools, equipment, insurance and marketing - all of these costs must be factored in your business plan.

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Plumbing Business Plan Template & Guidebook

Are you looking for an easy-to-follow, comprehensive guide to create a successful plumbing business plan? Look no further! The #1 Plumbing Business Plan Template & Guidebook provides an invaluable set of tools to help you plan, organize and launch your business. This comprehensive guidebook covers all the critical elements of a business plan, including setting goals, market analysis, and financial planning. With the help of this template and guidebook, you can create a winning plan that will ensure the success of your venture.

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Get worry-free services and support to launch your business starting at $0 plus state fees.

  • How to Start a Profitable Plumbing Business [11+ Steps]
  • 10+ Best & Profitable Plumbing Business Ideas [2023]
  • 25 Catchy Plumbing Business Names:
  • List of the Best Marketing Ideas For Your Plumbing Business:

How to Write a Plumbing Business Plan in 7 Steps:

1. describe the purpose of your plumbing business..

The first step to writing your business plan is to describe the purpose of your plumbing business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.

It also helps to include a vision statement so that readers can understand what type of company you want to build.

Here is an example of a purpose mission statement for a plumbing business:

Our mission at ABC Plumbing is to provide premier, efficient, and reliable residential and commercial plumbing services to our local community, while upholding the highest standards of customer service, professionalism and craftsmanship.

Image of Zenbusiness business formation

2. Products & Services Offered by Your Plumbing Business.

The next step is to outline your products and services for your plumbing business. 

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

  • What is my business?
  • What are the products and/or services that I offer?
  • Why am I offering these particular products and/or services?
  • How do I differentiate myself from competitors with similar offerings?
  • How will I market my products and services?

You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.

Image of Zenbusiness business formation

3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your plumbing business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

A good marketing plan for your plumbing business includes the following elements:

Target market

  • Who is your target market?
  • What do these customers have in common?
  • How many of them are there?
  • How can you best reach them with your message or product?

Customer base 

  • Who are your current customers? 
  • Where did they come from (i.e., referrals)?
  • How can their experience with your plumbing business help make them repeat customers, consumers, visitors, subscribers, or advocates for other people in their network or industry who might also benefit from using this service, product, or brand?

Product or service description

  • How does it work, what features does it have, and what are its benefits?
  • Can anyone use this product or service regardless of age or gender?
  • Can anyone visually see themselves using this product or service?
  • How will they feel when they do so? If so, how long will the feeling last after purchasing (or trying) the product/service for the first time?

Competitive analysis

  • Which companies are competing with yours today (and why)? 
  • Which ones may enter into competition with yours tomorrow if they find out about it now through word-of-mouth advertising; social media networks; friends' recommendations; etc.)
  • What specific advantages does each competitor offer over yours currently?

Marketing channels

  • Which marketing channel do you intend to leverage to attract new customers?
  • What is your estimated marketing budget needed?
  • What is the projected cost to acquire a new customer?
  • How many of your customers do you instead will return?

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business plan in plumbing

4. Write Your Operational Plan.

Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations. 

In it, you should list:

  • The equipment and facilities needed
  • Who will be involved in the business (employees, contractors)
  • Financial requirements for each step
  • Milestones & KPIs
  • Location of your business
  • Zoning & permits required for the business

What equipment, supplies, or permits are needed to run a plumbing business?

To run a plumbing business, you will need the following supplies and equipment:

  • Plumbing tools (wrenches, augers, pipe cutters, etc.)
  • Pipes, fittings, and valves
  • Pipe insulation and sealants
  • Testing and diagnostic equipment (drain cameras, water pressure gauges, etc.
  • Emergency safety gear (fire extinguisher, safety goggles, etc.)
  • Business-related supplies (business cards, accounting/bookkeeping system)

In addition to supplies and equipment, you may need certain permits depending on where you are located. Check with your local municipality for more information.

5. Management & Organization of Your Plumbing Business.

The second part of your plumbing business plan is to develop a management and organization section.

This section will cover all of the following:

  • How many employees you need in order to run your plumbing business. This should include the roles they will play (for example, one person may be responsible for managing administrative duties while another might be in charge of customer service).
  • The structure of your management team. The higher-ups like yourself should be able to delegate tasks through lower-level managers who are directly responsible for their given department (inventory and sales, etc.).
  • How you’re going to make sure that everyone on board is doing their job well. You’ll want check-ins with employees regularly so they have time to ask questions or voice concerns if needed; this also gives you time to offer support where necessary while staying informed on how things are going within individual departments too!

6. Plumbing Business Startup Expenses & Captial Needed.

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Typically, expenses for your business can be broken into a few basic categories:

Startup Costs

Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a plumbing business varies based on many different variables, but below are a few different types of startup costs for a plumbing business.

Running & Operating Costs

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

Marketing & Sales Expenses

You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your plumbing business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your plumbing business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Here are some steps you can follow to devise a financial plan for your plumbing business plan:

  • Determine your start-up costs: This will include the cost of purchasing or leasing the space where you will operate your business, as well as the cost of buying or leasing any equipment or supplies that you need to start the business.
  • Estimate your operating costs: Operating costs will include utilities, such as electricity, gas, and water, as well as labor costs for employees, if any, and the cost of purchasing any materials or supplies that you will need to run your business.
  • Project your revenue: To project your revenue, you will need to consider the number of customers you expect to have and the average amount they will spend on each visit. You can use this information to estimate how much money you will make from selling your products or services.
  • Estimate your expenses: In addition to your operating costs, you will need to consider other expenses, such as insurance, marketing, and maintenance. You will also need to set aside money for taxes and other fees.
  • Create a budget: Once you have estimated your start-up costs, operating costs, revenue, and expenses, you can use this information to create a budget for your business. This will help you to see how much money you will need to start the business, and how much profit you can expect to make.
  • Develop a plan for using your profit: Finally, you will need to decide how you will use your profit to grow and sustain your business. This might include investing in new equipment, expanding the business, or saving for a rainy day.

business plan in plumbing

Frequently Asked Questions About Plumbing Business Plans:

Why do you need a business plan for a plumbing business.

A business plan is an essential document for any business. It outlines the strategies, objectives, and financial goals of a plumbing business in order to help make informed decisions and guide the business’s growth. Additionally, a business plan is often a necessity if you are looking to secure funding from potential investors or lenders. A plumbing business plan should include an executive summary; analysis of the industry, market, and competition; a marketing plan; operational strategy; financial projections; and other relevant data.

Who should you ask for help with your plumbing business plan?

You should ask a professional business consultant, an experienced plumber, or a small business attorney.

Can you write a plumbing business plan yourself?

Yes, it is possible to write a plumbing business plan yourself. A number of online resources can be found that can help guide you on how to go about writing a business plan. Additionally, you may want to consult with a professional who specializes in helping individuals create and develop business plans.

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I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.

How to Create a Business Plan for a Plumbing Company

In this article, we unpack what a plumbing business plan is and why you need it. We’ll also tell you how to create one for your soon-to-be amazing plumbing services company.

business plan in plumbing

Melissa Moeller

Staff Contributor

Strategic Planning

Your plumbing business plan is your roadmap to success. Without it, your company will struggle to stand out and attract the right customers.

But with a clear business plan, you have a clear path to follow.

A path with markers that help you nail every aspect of running a thriving plumbing business. On it, you’ll find guidelines for everything from marketing and operations to finances and company strategy. (Wow, can someone show us where to find this magical path?)

The plumbing industry is set to bring in another $124 billion this year. So now is the perfect time to get started on your business plan.

Once you put together your plan, you can put the wheels in motion for growth and take a larger slice of that billion-dollar pie.

What Is a Business Plan and Why Does Your Plumbing Company Need One?

A business plan is a written document detailing your company’s plan for becoming successful.

It covers everything from company goals to financial projections and plans for reaching your target market.

A lot of startups use a business plan to attract investors or get bank funding. But even if you’re mostly self-funding, you still should put together a business plan.

You need this document to give structure and form to what, right now, might only be a new business idea.

A written plan details how each area of your business will function and what you’re striving to attain. This helps you bring your vision for a successful plumbing business to life.

Your plumbing business plan will also be a resource you can turn to along the way. As you near each goal—and each obstacle that crops up—you can refer to your business plan. Use it to see if you’re on track and identify where you might want to do things differently.

With your business plan in hand, you can stay on that magical, clearly defined path to success.

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What should you include in your plumbing business plan.

business plan in plumbing

Just like any other new business, your plumbing business plan must start with the basics.

In this case, that’ll be an executive summary that outlines your business, your management team, and your focus. Then, it’s time to dive into the details of market research, money, and strategy.

Here’s what you should include in your plumbing company’s business plan:

Executive Summary

An executive summary is an overview of your business. It basically introduces the what, why, and who of your company to investors and others who read your plan.

For a plumbing company, the executive summary will focus on a few things, such

  • What services you offer
  • Your target market
  • How your business will differentiate itself

Here’s an example of a plumbing business executive summary:

Perfect-Time Plumbing is a new company that offers plumbing services to homeowners and small businesses within 20 miles of our headquarters in Nearby Town. The company is staffed by five full-time licensed plumbers. We provide installation, repair, and plumbing maintenance services. Our team is also available on weekends and evenings for emergency repairs.

Perfect-Time Plumbing’s competitors don’t offer after-hours services. This is how the company will stand out as a reliable service provider in Nearby Town.

The executive summary should also include a brief overview of your marketing plan, management team, and financial plan. Then, the rest of your marketing plan will go into more detail.

Company Summary

The company summary is exactly what it sounds like—a summary of your company. This part of your business plan will outline the following:

  • Company Owner. How much experience and training does your founder have in plumbing and related industries?
  • Company Startup. How much will you need to spend to get your company off the ground?
  • Company Services. What specific services will your company provide? This might include gas plumbing, hot water system installation, and piping services, for example.

Market Summary

This is the section of your business plan in which you’ll explain your market. 

For our example above, Perfect-Time Plumbing would detail how many households and small businesses are in Nearby Town. They’d also list where they’re located and what percentage of customers would need their different services. 

This is where you’ll specify whether you’ll serve residential or commercial clients or both. And it’s your chance to outline what competitive advantage you’ll use to stand out. For example, offering lower prices or 24/7 customer service.

Your business plan will also look at how many customers you expect to have going forward. Include market size estimates for each year for at least the next five years, illustrating your company’s vision for growth.

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Company strategy.

You can’t just launch a company and start turning a profit on day one. (And if you can, please reach out to our team). You have to have a strategy for marketing, product pricing, and sales.

The details of these strategies should be included in—you guessed it—your plumbing business plan.

Use your plan to outline your initial marketing strategy. Include details like what marketing channels you’ll use and what types of content you’ll create to engage customers.

You’ll also want to define how your pricing will compare to competitors in your company strategy.

You might have lower prices to appeal to budget customers. Or you could list higher prices because of the expertise and service level you provide. Either way, include this information in your plan.

Additionally, you need a sales strategy and forecast showing how your new plumbing business will acquire new customers.

Financial Plan

The last section of your plumbing business plan will be your financial strategy. Basically, you need to have clear guidelines around how your plumbing company will make money.

In your financial plan, include a few financial and accounting tools to illustrate what your company needs to do to be successful.

Here are some examples:

  • Break-Even Analysis . This analysis shows how many “units” of plumbing services you need to sell to break even each month.
  • Profit and Loss Statement. This statement details your business’s total expenses, profits from sales, and taxes incurred. This allows you to compare these numbers and see your net profit. If this is your first year of business, you might only have a profit and loss statement for a couple of months or a projected profit and loss.
  • Balance Sheet. A balance sheetshows assets and liabilities. As a startup, you might not have a balance sheet yet. But this is something you’ll add to your business plan if you want to use it to seek funding.

As you start fleshing out your plumbing business plan, there might be some areas that you’ll need to update or add to later. And that’s okay!

Your company’s business plan should be a dynamic document that reflects the best plan you have at any point in time.

As you learn more about what works and what doesn’t for your business and your customers, and as you gather more financial data, you can make changes.

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How often should you update your business plan.

Plumber Working Under a Sink

You might update your plan a few times in that first year of business. But even after that, you should still review your business plan once a year.

Review your strategies and decide if they’re working or not. Make any changes that could help you better reach your business goals. Or changes to help you cope with the current business environment.

For example, if the economy is plunging into a recession, you might decide to cut back on certain expenses.

You’ll also want to review your business goals. Are you still on track to meet them? Or do your existing goals no longer make sense for your business?

And finally, you’ll want to update your financial documents, such as your profit and loss and break-even analysis. These numbers will change from year to year.

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What happens if you don’t have a business plan.

Technically, you can start operating without a business plan. We’re not going to stop you.

But eventually, you’re going to need to sit down and create one. Mostly because if you don’t have a plan, you won’t be able to get funding to help your business grow.

You also won’t have a documented strategy for running your business.

Without a clear strategy for reaching customers and selling your services to your market, you’re not going to be able to run a tight ship. That means, while you could get some customers if there’s high demand in your area, you might not make a profit.

A business plan maps out all the details of your business operations as well as financial performance. The reality is that there are a lot of moving parts a business owner must manage.

So, to actually run the business—and have time to serve customers, make sure your staff has what they need , and eat lunch!—you need your business plan to do some of the work for you.

Deciding how to price your services, a marketing strategy, when to add to your team, how to angle your brand—it’s all there in the business plan.

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3 tips for developing your plumbing business plan.

Plumber Tightening a Bolt

So, you’re ready to sit down and get started but feeling a little overwhelmed. Don’t worry—that just means you’re a normal human being. A business plan can seem daunting.

But here’s the good news—there are ways to make creating a plan far easier than it looks.

1. Use a Template to Get Started

A business plan template is a great way to guide yourself through the process. You just have to plug in the information.

Keep in mind that if your plumbing company is new, keep your business plan on the lean side. You can add more details as you go.

(Pssst. We’ve included some links to templates for you at the end of the article.)

2. Use Supporting Data

A business plan doesn’t need to have long-winded paragraphs. But it does need solid information.

As you gather data from your market research and financial activity, use that information to create graphs and charts . These data visualizations make it easier to quickly understand the current and projected business landscape.

3. Get Help

Having someone walk you through part of this foundational work of creating a business can go a long way in helping you be successful early on. Professional business plan writers, consultants, and even your accountant can help you create a powerhouse plan.

Next Steps: Resources for Creating Your Own Plumbing Business Plan

Successful Plumber Standing by a Sink

Chances are that, as a plumber, writing business plans isn’t your favorite hobby.

But that doesn’t mean you don’t have the tools you need to create a comprehensive business plan for your company.

There are plenty of resources at your fingertips. Here are a few you can plunge into to get started:

  • Use a business plan template. There are business plan templates for plumbing companies, such as this template from Tradify  or these free templates .
  • Get help from the Small Business Administration (SBA). The SBA also offers free business plan templates. You can use their traditional business plan or a business plan for a lean startup. Additionally, you can access a Small Business Development Center (SBDC) in your area for help getting started.
  • Begin market research. Start doing some market research for your plumbing business plan. You can gather helpful information from trade associations. This includes groups like the American Society of Plumbing Engineers (ASPE) and the Plumbing Heating Cooling Contractors Association (PHCC).

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About the author.

business plan in plumbing

Melissa can masterfully bring to life any form of content, whether it’s a landing page or a guide to befriending gnomes. When she’s not crafting stories, she’s either crocheting, smothering her cats in unwelcome affection, or spending time with her fiancé.

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A 10-step Guide on How to Start a Plumbing Business

Rakesh Patel

  • Last Updated: October 19, 2023

How to start a plumbing business

  • Establishing a plumbing business requires obtaining the required permissions and licenses, as well as insurance protection for the enterprise and customers.
  • For businesses to draw in new customers and keep existing ones, it’s critical to establish a solid reputation for quality work, prompt responses, and outstanding customer service.
  • To ensure profitability, it is essential to develop a pricing strategy that accounts for overhead costs, material prices, and labor costs.
  • Your business operations can be streamlined and time saved by putting in place a system for managing appointments, funds, and inventory.

Looking for a business opportunity in the plumbing industry? You have landed exactly on the right page. As per IBIS, the current market size of the U.S. plumbing industry is $129 billion, which is expected to grow by 24% in the next couple of years.

With rising construction in both residential and commercial sectors, plumbing opportunities are growing at a high rate. The shortage of skilled labor continues to drive up the demand for plumbers across the U.S. Hence, this is the best time to start your plumbing business as the demand is constantly rising.

Starting a new plumbing business means you will need an efficient team of plumbers and the right equipment. Initially, it would be difficult for you to develop a customer base, but once you get off the mark your plumbing business is likely to flourish.  In this blog, we will help you how to start a plumbing business in 10 simple steps.

Table of Content

10 Steps to Start Your Plumbing Business

  • Things to Keep In Mind Before Starting a Plumbing Business

Advice and Tips for Starting a Plumbing Business

  • How Upper Can Help to Grow Your Plumbing Business?
  • Frequently Asked Questions

Here is the 10-step process to start your plumbing business. 

1. Create a business plan

Create a business plan for plumbing business

The first important thing to starting a new business is to have a strong business plan. The plumbing business plan should include the business name, the business (company) structure, and the business goals. 

If you are planning to operate a new plumbing business in the U.S., you have to make sure that no other company is using your plumbing company name. You also have to choose the business structure between an LLC (limited liability company), sole proprietorship, or partnership. Also, ensure to check how business taxes work in your state.

The traditional components of a business plan are: 

  • Executive summary
  • Company description
  • Market analysis
  • Organization & management
  • Service or product line
  • Marketing & Sales
  • Financial Projections.

Once you are done with your business name and business structure, you have to plan your business goals based on your target market or audience. The business goals can be in the form of financial projections, growth opportunities, marketing costs & strategies, and short-term, and long-term goals.

2. Register your business and obtain a plumbing license

After a base for your business is planned, you can formally register your business by contacting the local government. Next, you must apply for an EIN (Employer Identification Number) and TIN (Tax Identification Number) from the federal government. This identification number will help you further in opening business bank accounts as a plumbing business owner.

Moreover, you will also need to obtain a plumbing contractor license and permissions based on the structure. Failing to get the plumbing license or permit can result in huge fines and even shutting down your business completely.

There are separate state and local licensing requirements for the business license. To learn about legal requirements in your state you can visit SBA’s reference to state licenses & permits.

3. Training and certification

Training and certification to start a plumbing business

Before you start your own business, you should know the inside out. This will prevent your business from going directionless. So, it is recommended to get proper plumbing training from a trade school, as it will develop the required skills for the job. Alternatively, you can offer courses related to plumbing knowledge for your employees.

This will later be a great advantage for your business as you will become a plumbing professional in your field. The training and experience will help you to build a trustworthy brand identity too.

4. Insure your business

As a plumbing business owner, you are exposed to many risks. And customers are also skeptical about dealing with any unsecured company. So, you will need business insurance for your plumbing company after you have got licenses and permits.

Business insurance takes care of the company’s financial well-being and protects it from unforeseen risks or losses. Plumbing insurance will protect you, your workers, and your business in case of accidents, injuries, or damages.

You can get coverage for General Liability Insurance, Worker’s Compensation Insurance, and Property Insurance for your plumbing business.

5. Create a business bank account 

Create a business bank account to start a plumbing business

To record the financial performance and source of income for your business, a business bank account is a must. A separate bank account will also help to separate your assets from the company’s assets. It simplifies your annual tax filing and makes accounting easier for your business.

Additionally, you can get a business credit card; it will help to separate your personal and business expenses. It also helps to build the credit history for your business, which later can help raise money.

6. Finance your business

The next important thing is capital because starting a plumbing business is not cheap; it will require some cash initially. As a plumber, you will need to invest in vehicles and equipment, but it may vary with the market you will serve. You have two options to invest in your business- the first is to fund your venture, and the second is to get cash from a third party.

On the other hand, if you do not have sufficient cash, you will need to contact the bank or some lenders for a small business loan. For business loans, you will need a business account and a business credit card. Just make sure that you have a proper plumbing business plan to approach for the loan because no bank is going to lend you money unless you have a proper plan.

Other options to finance your business can be government loan schemes or angel investors. Government loan schemes are the financial schemes to help new companies, whereas angel investors provide capital for new/small businesses or start-ups. In return, angel investors want convertible debt or a percentage of ownership.

7. Invest in plumbing equipment

To start your business, you will need to invest in equipment for plumbing jobs. 

After you have managed the capital, you can invest in a van and plumbing equipment. You can invest in plumbing tools , inventory, and safety equipment to stock your plumbing tool kit. The right equipment will reduce the chances of running to the store for every job.

You are not required to invest all your money in buying new equipment. Initially, you can start with essential hand tools and rent or purchase equipment for specialty jobs once you have licenses, skills, and customer demand.

Essential plumbing tools and equipment include pipe wrenches, pipe twisters, hacks, plumber torches, gloves, glasses, plungers, screwdrivers, crumpers, bore scopes, and pliers.

8. Finalize your plumbing services

Finalize your plumbing services to start a plumbing business

Proper pricing will ensure that you remain competitive in the market and get fairly paid for your hard work. But before pricing, you should prepare a list of commercial and home services you will offer. You can invoice your client payments with different types of payment methods like cash, cheque, credit card, or e-transfer. 

Once you have made a list of services, you can schedule a list of materials required and the charges. These things will help you to calculate your profit margin for your plumbing businesses.

There can be two standard ways of pricing your plumbing services: it can be an hourly rate or a flat rate. A service agreement can be made outlining details of the plumbing job, the time to complete the job, and the plumbing price list. 

The plumbing services pricing list will ensure both parties, you and the customer, have a clear idea of the service expectations.

9. Assemble your team 

Some plumbers can work on themselves and some may hire a team of plumbers to grow their business. Hiring the right plumbers is the most important thing, so try to find one with the best qualification and experience. You can consider the Plumbing Hiring Test to get the master plumber for your business.

You have to prepare yourself legally before hiring plumbers. For example, in the US, you will need an EIN (Employee Insurance Number), while in Canada, you will need a SIN (Social Insurance Number).

Once you have hired the right plumber, you have to provide them with proper training so that you can increase your sales further.

10. Promote your newly-launched business 

After you have set up rates and hired the right team, you are ready to offer plumbing services to the customers. 

Initially, to promote your small business, you can consider the below things:

  • Develop your brand and reputation: Good branding of your company can make you stand out from your competitors in the market. When creating a brand, you should keep in mind that you design a good logo and plumbing business slogan that should be unique. 

You need to spend a lot of money on advertising or marketing agencies. Rather, you can advertise your services through business cards or uniforms so that you can represent your company when you are on the field job. 

  • Set up online visibility: These days plumbing businesses understand the importance of creating a website and social media accounts. It has become a part of digital marketing strategy for plumbing companies, for example, email marketing. On the other hand, social media marketing through Facebook, Twitter, and YouTube is also an effective strategy to reach millions of new customers for their company.
  • Provide excellent customer service: Once you provide a good customer experience to your customers, you need not have to spend money on marketing. This means happy customers will come back to you or stay longer with you. They can also refer your services to their family or friends. Word of mouth can be the most powerful tool to market your business.

Additionally, you can also add other customer perks for your permanent customers like discounts or referral programs.

You can also use internet marketing strategies to get a new customer base for your business. You can create an online community in the starting and gradually grow. This will lead to more customers and successful business in the longer run.

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Things to Keep in Mind Before Starting a Plumbing Business

It’s challenging to start a business and gain immediate success. The ultimate goal for your business should be to convert your first-time customers into lifelong customers. 

But, here is what you need to take care of as a plumbing business owner:

  • Rely on experienced and licensed plumbers to get quality plumbing work done and maintain competition in the market.
  • Work with your competitors in plumbing businesses to explore more about this industry.
  • You would need a plumbing license to work in a particular locality . 
  • Automate the process of managing your cleaners and their work distribution with plumbing software. For example- you can send appointment reminders or automatic payment reminders to the customers to improve your customer communication.
  • Get advanced tools to handle plumbing tasks smoothly.
  • Use the right navigation app or a delivery route planner to help you get to job sites in a minimum time.

When you give so much time and effort into starting your plumbing business, you need to follow the expert’s advice. Right? Here are a few tips that can help your company thrive in this challenging marketplace and reach potential customers:

  • Work in an organized manner ; Plumbers need to manage everything in a systematic manner like: managing invoices, work orders, and payroll so that it becomes easy for your future references.
  • Get skilled plumbers ; it simply means not trying to handle everything independently. Instead, you can make your life easier by hiring people to handle incoming calls, schedule meetings, and contact customers for overdue invoices.
  • Adjust break times ; you should manage to take gaps between your hectic schedule of work for 10-12 hours. This will help to manage the company smoothly and reduce the overall workload.
  • Reward your employees ; you can do this in the form of appreciation, which can be a team dinner or reward with gift cards. Small business owners do this to encourage their employees to work harder and potentially grow themselves.

How Upper can Help in Expanding Your Plumbing Business?

Thinking about plumbing business services, it is not easy to meet all the customer expectations. But Upper has made it very simple with its advanced features. It aims for providing a great customer experience that keeps you on top of your business.

Proper route planning helps to get the plumbers to the right place on time and saves a lot of time and money. This increases the operational efficiency of your business and cuts down on fuel costs. Upper reduces the time between scheduled customer appointments by allocating the work to the other plumbers on site. 

This also helps to prepare schedules for the employees and also reassigns them the routes for other tasks. This reduces paying more plumbers and saves the company time. Upper auto assigns tasks to the plumber if they are at home so that they do not have to waste time reaching the office and then going to the assigned place.

The Upper helps to plan effective work distribution and improve productivity. Upper helps to optimize routes and schedules so that the plumber arrives at the dedicated appointment on time. It helps to distribute a balanced workload to all the team members. This helps to do more work in less time delivering excellent customer service.

You can go for Upper’s 7 days FREE trial to get the right start and boost your plumbing business.

Find Optimized Routes for Your Visits on Upper

Now schedule and assign your plumbing job in just a few clicks. Let Upper optimize the best routes for your onfield technicians.

Starting your plumbing company can be a great experience. The plumbing industry is showing continuous growth and there is a high demand for new or master plumbers. Moreover, the industry saw a growth of 3.7% from 2020 and the market size is worth $124 billion.

As many established other plumbing companies are working in the plumbing sector, it is not easy to start a new plumbing company. You have to market your services at a better price than your competitors and also provide personalized customer service to stand out in the market.

The basic tools required for plumbing business are: 

  • Pipe wrench
  • Adjustable wrench
  • Basic wrench
  • Internal pipe wrench
  • Tube cutters
  • Hole saw lit
  • Plumber’s torch
  •  Hydro jetting machine
  • Heat shields

To gain more new customers for your plumbing company, you can follow the below steps:

  • Take advantage of SEO to market your small business
  • Build a website
  • List your business on Google My Business
  • Start newsletter
  • Build customer trust base
  • Plan customer referral program

It is difficult to start a plumbing business without experience as it’s specific and requires some resources and training to operate. You must understand the rules and comply with city and state laws. It includes that you should get an appropriate plumbing certification for your business as well.

The 10-step process will help you launch your own plumbing business and reach potential clients. But, you would still need to tune your skills to become a qualified plumber to run a successful plumbing business. Therefore, you should be precise about the business resources, capital involved, and capacity.

Whether you are planning a small business or want initial growth, Upper will improve your operational efficiency and also save money. Upper raises the standard of your business because of the proper management of your team and their performance. To know more about the features of Upper, you can book a demo now. 

Rakesh Patel

Rakesh Patel, author of two defining books on reverse geotagging, is a trusted authority in routing and logistics. His innovative solutions at Upper Route Planner have simplified logistics for businesses across the board. A thought leader in the field, Rakesh's insights are shaping the future of modern-day logistics, making him your go-to expert for all things route optimization. Read more.

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Plumbing Business Plan

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It is enough for you to start a plumbing company with your plumbing expertise, business knowledge, and project management skills. However, you need something more to succeed—a well-thought-out business plan.

Having a business plan can help you secure funding, set priorities, make informed decisions, and steer your business in the right direction.

Need help writing a business plan for your plumbing business? You’re at the right place. Our plumbing business plan template will help you get started.

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Free Business Plan Template

Download our free business plan template now and pave the way to success. Let’s turn your vision into an actionable strategy!

  • Fill in the blanks – Outline
  • Financial Tables

How to Write a Plumbing Business Plan?

Writing a plumbing business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

Introduce your business:

  • This section may include the name of your plumbing business, its location, when it was founded, the type of plumbing business (E.g., commercial plumbing, residential plumbing, pipe repair and repiping services.), etc.

Market opportunity:

Plumbing services:.

  • For instance, your plumbing services may include plumbing system installation, plumbing repairs, drain cleaning, pipe repairs and replacement, water heater services, and similar other services.

Marketing & sales strategies:

Financial highlights:, call to action:.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

Say goodbye to boring templates

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Plans starting from $7/month

business plan in plumbing

2. Business Overview

The business overview section of your business plan offers detailed information about your company. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

Business description:

  • Residential plumbing company
  • Commercial plumbing company
  • Drain cleaning company
  • Emergency plumbing company
  • Describe the legal structure of your plumbing company, whether it is a sole proprietorship, LLC, partnership, or others.
  • Explain where your business is located and why you selected the place.

Mission statement:

Business history:.

  • Additionally, If you have received any awards or recognition for excellent work, describe them.

Future goal:

This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

Target market:

  • For instance, commercial real estate developers, office buildings, and restaurant owners can be an ideal target market for a commercial plumbing business.

Competitive analysis:

Market trends:.

  • For instance, there is a growing demand for environment-friendly plumbing solutions, so explain how you plan to cater to this growing market.

Regulatory environment:

Here are a few tips for writing the market analysis section of your plumbing contractor business plan:

  • Conduct market research, industry reports, and surveys to gather data.
  • Provide specific and detailed information whenever possible.
  • Illustrate your points with charts and graphs.
  • Write your business plan keeping your target audience in mind.

4. Products And Services

The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:

Describe your services:

Mention the plumbing services your business will offer. This list may include services like,

  • Plumbing installation
  • Plumbing repairs
  • Drain cleaning
  • Water heater services\
  • Fixture installation and repair

Quality measures:

  • This may include timely training for the plumbing staff, compliance with codes and regulations, and using high-quality materials.

Additional services:

In short, this section of your plumbing plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

Unique selling proposition (USP):

  • For example, you may have 24*7 emergency services, quick response time, skilled and certified plumbers, and advanced technology as some of your USPs.

Pricing strategy:

Marketing strategies:, sales strategies:, customer retention:.

Overall, this section of your plumbing company business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your plumbing business, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

Staffing & training:

Operational process:, equipment & machinery:.

  • Explain how these technologies help you maintain quality standards and improve the efficiency of your business operations.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section provides an overview of your plumbing business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.

Founder/CEO:

Key managers:.

  • It should include, key executives, senior management, and other department managers (e.g. operations manager, purchasing manager.) involved in the operations, including their education, professional background, and any relevant experience in the plumbing industry.

Organizational structure:

Compensation plan:, advisors/consultants:.

  • So, if you have any advisors or consultants, include them with their names and brief information consisting of roles and years of experience.

This section should describe the key personnel for your plumbing services, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

Profit & loss statement:

Cash flow statement:, balance sheet:, break-even point:.

  • This exercise will help you understand how much revenue you need to generate to sustain or be profitable.

Financing needs:

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

  • Add a table of contents for the appendix section to help readers easily find specific information or sections.
  • In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more.
  • These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
  • Provide data derived from market research, including stats about the plumbing industry, user demographics, and industry trends.
  • Include any legal documents such as permits, licenses, and contracts.
  • Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your plumbing services business plan should only include relevant and important information supporting your plan’s main content.

The Quickest Way to turn a Business Idea into a Business Plan

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This sample plumbing business plan will provide an idea for writing a successful plumbing plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our plumbing business plan pdf .

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Frequently asked questions, why do you need a plumbing business plan.

A business plan is an essential tool for anyone looking to start or run a successful plumbing business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your plumbing company.

How to get funding for your plumbing business?

There are several ways to get funding for your plumbing business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:

Small Business Administration (SBA) loan

Crowdfunding, angel investors.

Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.

Where to find business plan writers for your plumbing business?

There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your plumbing business plan and outline your vision as you have in your mind.

What is the easiest way to write your plumbing business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any plumbing business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software.

About the Author

business plan in plumbing

Vinay Kevadiya

Vinay Kevadiya is the founder and CEO of Upmetrics, the #1 business planning software. His ultimate goal with Upmetrics is to revolutionize how entrepreneurs create, manage, and execute their business plans. He enjoys sharing his insights on business planning and other relevant topics through his articles and blog posts. Read more

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Plumbing Business

Back to All Business Ideas

How to Start a Plumbing Business

Written by: Carolyn Young

Carolyn Young is a business writer who focuses on entrepreneurial concepts and the business formation. She has over 25 years of experience in business roles, and has authored several entrepreneurship textbooks.

Edited by: David Lepeska

David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.

Published on May 20, 2021 Updated on November 30, 2023

How to Start a Plumbing Business

Investment range

$7,550 - $22,100

Revenue potential

$80,000 - $370,000 p.a.

Time to build

1 - 3 months

Profit potential

$60,000 - $150,000 p.a.

Industry trend

The US plumbing industry is worth a massive $124 billion and growing steadily at 4% in 2021, which means there are opportunities out there for experienced or even novice plumbers looking to strike out on their own. 

Of course, starting any business required dedication and hard work. Fortunately, you’ve come to the right place, as this step by step guide will help you move patiently through the development and launch process until you are running our own successful plumbing business!

Let’s begin your entrepreneurial journey.

Looking to register your business? A limited liability company (LLC) is the best legal structure for new businesses because it is fast and simple.

Form your business immediately using ZenBusiness LLC formation service or hire one of the Best LLC Services .

Step 1: Decide if the Business Is Right for You

Your journey towards becoming a top plumbing business owner starts by grasping the ins and outs of the industry.

Pros and cons

When you’re in startup mode, it makes perfect sense to know the pros and cons of owning a plumbing service.

  • Low startup costs
  • High customer retention
  • Readily available market
  • Work can be repetitive, risky and gross
  • Training and certification required

Plumbing industry trends

The US plumbing industry shows no signs of slowing down, thanks mainly to increased residential construction. Also, higher per capita disposable income should enable consumers to upgrade existing systems, including Energy Star-certified and eco-friendly products.

Industry size and growth

  • Industry size and past growth – The US plumbers market is worth $134 billion, after seeing a steady 3% annual growth since 2017.(( https://www.ibisworld.com/industry-statistics/market-size/plumbers-united-states/ )) 
  • Growth forecast – Demand for plumbing services is expected to accelerate over the next five years to 2027 because of a resurgence in commercial and residential construction activities.(( https://www.ibisworld.com/united-states/market-research-reports/plumbers-industry/ )) 
  • Number of businesses – Nearly 130,000 businesses provide plumbing services in the US.(( https://www.ibisworld.com/industry-statistics/number-of-businesses/plumbers-united-states/ )) 
  • Number of people employed – The industry employs more than 560,000 people.(( https://www.ibisworld.com/industry-statistics/employment/plumbers-united-states/ ))

plumbing industry size and growth

Trends and challenges

Here are some trends that will shape the plumbing industry in the coming years.

  • Smart Plumbers – Today’s homeowners want to work with plumbing services that offer high-tech solutions such as water leak detection using smart devices, giving rise to tech-savvy plumbers.
  • Plumbers will do more than just fix leaking pipes, install water heaters, or unclog toilets. More plumbers will look to expand their trade by taking on waste management and HVAC systems installation.
  • Expect to see robust digital marketing and social media campaigns as plumbers jostle for clients online.

Challenges include:

  • Finding qualified workers
  • High prices of materials
  • Risk of injuries

plumbing industry Trends and Challenges

What kind of people work in plumbing?

  • Gender – More than 96% of plumbers are male.(( https://www.zippia.com/plumber-jobs/demographics/#gender-statistics ))
  • Average level of education – 53% of plumbers hold a high school diploma. No need for a college education, but professional certifications are required.(( https://www.zippia.com/plumber-jobs/education/ ))
  • Average age – The average age of a plumber in the US is 42 years old.(( https://www.zippia.com/plumber-jobs/demographics/#age-statistics ))

plumbing industry demographics

How much does it cost to start a plumbing business?

The minimum cost of starting a plumbing service is around $1,500 if you’re running your business from home and up to $30,000 if you’re renting space and have a van.

These funds will go toward the following:

How much can you earn from a plumbing business?

A master plumber running a one-person operation could charge $50 per hour. At 8 hours per day, six days a week, you’d make $124,000 in annual revenue and maybe $80,000 in profit, depending on your margin. 

In your first year or two, you could work from home for 6 hours per day and five days a week, bringing in $80,000 in annual revenue. This would mean around $60,000 in profit, assuming an 80% margin. As you gain more clients, your billable hours could double to 12 per day and you could work six days a week for a higher fee of $100 per hour. At this stage, you’d rent a commercial space and hire staff, reducing your profit margin to around 40%. With annual revenue of $370,000, you’d make a tidy profit of almost $150,000.

A typical plumbing business pays its plumbers $20 to $40 per hour, according to the Bureau of Labor Statistics . This means hiring a professional plumber can cost your company about $50,000 to $75,000 per year, including insurance and other benefits.

While hiring plumbers reduces your profit margin significantly, it also enables your business to scale.

plumbing business earnings forecast

What barriers to entry are there?

The plumbing industry has few barriers to entry. But, as a new business owner, some of the challenges you’re likely to encounter include:

  • Plumber certification takes 8 months to 2 years 
  • Competition from established plumbers

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Step 2: hone your idea.

Now that you know what you’re getting into and the possibilities, it’s time to trim down your business concept.

Market research will give you the upper hand, even if you’re already positive that you have a perfect product or service. Conducting market research is important, because it can help you understand your customers better, who your competitors are, and your business landscape.

Why? Identify an opportunity

Identifying your competition can help you determine what you need to do to stand out and attract the right customers. It will also enable you to develop a competitive pricing structure and respond to rival marketing campaigns.

Competitors in the plumbing industry include franchisees of a regional or national plumbing firm that often do repair work, local companies dealing with small to medium plumbing jobs, and large residential and commercial companies working on large projects.

You can pinpoint your competitors by checking with your local business directories, Chamber of Commerce Directory, or searching the internet for terms such as “plumbing companies near me.”

What? Determine your products or services

Plumbing includes the following tasks:

  • Installing pipes and plumbing fixtures
  • Clearing sink drains and toilet obstructions
  • Troubleshooting problems in equipment 
  • Estimating installation and repair costs
  • Scheduling and dispatching employees

Plumbing work schedules are typically 9 am to 5 pm. However, the schedule may change depending on the task and a client’s availability.

How much should you charge for plumbing services?

Plumbers charge by the hour or by the job. Here’s a breakdown of the standard rates.

  • Per hour – $45 to $150
  • Flat rate – $75 to $250 for smaller jobs; $500 to $800 for bigger tasks
  • Per fixture – $100 to $600
  • Apprentice plumber – $14 per hour

Plumbing prices vary depending on materials needed for repairs or installation, location, and the plumber’s experience.

Once you know your costs, you can use this Step By Step profit margin calculator to determine your mark-up and final price points. Remember, the prices you use at launch should be subject to change if warranted by the market.

Who? Identify your target market

The key to starting a flourishing plumbing business is knowing who your customers are and what motivates them to buy. Potential clients for a plumbing service include:

  • Real estate agents
  • Businesses such as food outlets and manufacturers.
  • Property and facility managers
  • Contractors such as electricians, roofers, and builders.

Getting a new plumbing business off the ground is all about forming quality relationships. Teaming up with a reputable contractor, for instance, can generate quality plumbing leads and referrals. Getting to know the best contractors in your area makes good business sense. 

Where? Choose your business premises

In the early stages, you may want to run your business from home to keep costs low. But as your business grows, you’ll likely need to hire workers for various roles and may need to rent out an office. You can find commercial space to rent in your area on sites such as Craigslist , Crexi , and Instant Offices .

When choosing a commercial space, you may want to follow these rules of thumb:

  • Central location accessible via public transport
  • Ventilated and spacious, with good natural light
  • Flexible lease that can be extended as your business grows
  • Ready-to-use space with no major renovations or repairs needed

plumbing business rating

Step 3: Brainstorm a Plumbing Company Name

Your business name is your business identity, so choose one that encapsulates your objectives, services, and mission in just a few words. You probably want a name that’s short and easy to remember, since much of your business, and your initial business in particular, will come from word-of-mouth referrals.

Here are some ideas for brainstorming your business name:

  • Short, unique, and catchy names tend to stand out
  • Names that are easy to say and spell tend to do better 
  • The name should be relevant to your product or service offerings
  • Ask around — family, friends, colleagues, social media — for suggestions
  • Including keywords, such as “plumbing” or “plumbers”, boosts SEO
  • Choose a name that allows for expansion: “NextGen Plumbing Services” over “Commercial Plumbing Services”
  • Avoid location-based names that might hinder future expansion
  • Use online tools like the Step by Step business name generator . Just type in a few keywords and hit “generate” and you’ll have dozens of suggestions at your fingertips.

Once you’ve got a list of potential names, visit the website of the US Patent and Trademark Office to make sure they are available for registration and check the availability of related domain names using our Domain Name Search tool. Using “.com” or “.org” sharply increases credibility, so it’s best to focus on these. 

Find a Domain

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Finally, make your choice among the names that pass this screening and go ahead with domain registration and social media account creation. Your business name is one of the key differentiators that set your business apart. Once you pick your company name, and start with the branding, it is hard to change the business name. Therefore, it’s important to carefully consider your choice before you start a business entity.

Step 4: Create a Plumbing Business Plan

Every business needs a plan. This will function as a guidebook to take your startup through the launch process and maintain focus on your key goals. A business plan also enables potential partners and investors to better understand your company and its vision:

  • Executive Summary: A concise overview of the plumbing business, highlighting key aspects and objectives.
  • Business Overview: Detailed information about the plumbing business, including its mission, vision, and goals.
  • Product and Services: Outline of the plumbing services offered, such as installation, repair, and maintenance of plumbing systems.
  • Market Analysis: Examination of the local plumbing market, including target demographics, trends, and potential growth.
  • Competitive Analysis: Assessment of competitors in the plumbing industry, identifying strengths and weaknesses.
  • Sales and Marketing: Strategies for promoting the plumbing business, acquiring customers, and increasing market share.
  • Management Team: Introduction of key individuals involved in the business, their roles, and relevant expertise.
  • Operations Plan: Details on day-to-day activities, workflow, and processes involved in running the plumbing business.
  • Financial Plan: Projection of the financial aspects, including startup costs, revenue forecasts, and profitability.
  • Appendix: Supplementary information, such as detailed financials, supporting documents, and additional resources for reference.

what to include in a business plan

If you’ve never created a business plan, it can be an intimidating task. You might consider hiring a business plan specialist to create a top-notch business plan for you.

Step 5: Register Your Business

Registering your business is an absolutely crucial step — it’s the prerequisite to paying taxes, raising capital, opening a bank account, and other guideposts on the road to getting a business up and running.

Plus, registration is exciting because it makes the entire process official. Once it’s complete, you’ll have your own business! 

Choose where to register your company

Your business location is important because it can affect taxes, legal requirements, and revenue. Most people will register their business in the state where they live, but if you are planning to expand, you might consider looking elsewhere, as some states could offer real advantages when it comes to plumbing services. 

If you’re willing to move, you could really maximize your business! Keep in mind, it’s relatively easy to transfer your business to another state.

Choose your business structure

Business entities come in several varieties, each with its pros and cons. The legal structure you choose for your plumbing company will shape your taxes, personal liability, and business registration, so choose wisely. 

Here are the main options:

  • Sole Proprietorship – The most common structure for small businesses makes no legal distinction between company and owner. All income goes to the owner, who’s also liable for any debts, losses, or liabilities incurred by the business. The owner pays taxes on business income on his or her personal tax return.
  • General Partnership – Similar to a sole proprietorship, but for two or more people. Again, owners keep the profits and are liable for losses. The partners pay taxes on their share of business income on their personal tax returns.
  • Limited Liability Company (LLC) – Combines the characteristics of corporations with those of sole proprietorships or partnerships. Again, the owners are not personally liable for debts.
  • C Corp – Under this structure, the business is a distinct legal entity and the owner or owners are not personally liable for its debts. Owners take profits through shareholder dividends, rather than directly. The corporation pays taxes, and owners pay taxes on their dividends, which is sometimes referred to as double taxation.
  • S Corp – An S-Corporation refers to the tax classification of the business but is not a business entity. An S-Corp can be either a corporation or an LLC , which just needs to elect to be an S-Corp for tax status. In an S-Corp, income is passed through directly to shareholders, who pay taxes on their share of business income on their personal tax returns.

types of business structures

We recommend that new business owners choose LLC as it offers liability protection and pass-through taxation while being simpler to form than a corporation. You can form an LLC in as little as five minutes using an online LLC formation service. They will check that your business name is available before filing, submit your articles of organization , and answer any questions you might have. 

Form Your LLC

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business plan in plumbing

Step 6: Register for Taxes

The final step before you’re able to pay taxes is getting an Employer Identification Number , or EIN. You can file for your EIN online or by mail or fax: visit the IRS website to learn more. Keep in mind, if you’ve chosen to be a sole proprietorship you can simply use your social security number as your EIN. 

Once you have your EIN, you’ll need to choose your tax year. Financially speaking, your business will operate in a calendar year (January–December) or a fiscal year, a 12-month period that can start in any month. This will determine your tax cycle, while your business structure will determine which taxes you’ll pay.

business plan in plumbing

The IRS website also offers a tax-payers checklist , and taxes can be filed online.

It is important to consult an accountant or other professional to help you with your taxes to ensure you are completing them correctly.

Step 7: Fund your Business

Securing financing is your next step and there are plenty of ways to raise capital:

  • Bank loans : This is the most common method, but getting approved requires a rock-solid business plan and strong credit history.
  • SBA-guaranteed loans : The Small Business Administration can act as guarantor, helping gain that elusive bank approval via an SBA-guaranteed loan .
  • Government grants : A handful of financial assistance programs help fund entrepreneurs. Visit Grants.gov to learn which might work for you.
  • Venture capital : Offer potential investors an ownership stake in exchange for funds, keeping in mind that you would be sacrificing some control over your business.
  • Friends and Family: Reach out to friends and family to provide a business loan or investment in your concept. It’s a good idea to have legal advice when doing so because SEC regulations apply.
  • Crowdfunding: Websites like Kickstarter and Indiegogo offer an increasingly popular low-risk option, in which donors fund your vision. Entrepreneurial crowdfunding sites like Fundable and WeFunder enable multiple investors to fund your business.
  • Personal: Self-fund your business via your savings or the sale of property or other assets.

Bank and SBA loans are probably the best options, other than friends and family, for funding a plumbing business.

types of business funding

Step 8: Apply for Plumbing Business Licenses and Permits

Starting a plumbing business requires obtaining a number of licenses and permits from local, state, and federal governments.

Federal regulations, licenses, and permits associated with starting your business include doing business as (DBA), health licenses and permits from the Occupational Safety and Health Administration ( OSHA ), trademarks, copyrights, patents, and other intellectual properties, as well as industry-specific licenses and permits. 

You may also need state-level and local county or city-based licenses and permits. The license requirements and how to obtain them vary, so check the websites of your state, city, and county governments or contact the appropriate person to learn more. 

You could also check this SBA guide for your state’s requirements, but we recommend using MyCorporation’s Business License Compliance Package . They will research the exact forms you need for your business and state and provide them to ensure you’re fully compliant.

This is not a step to be taken lightly, as failing to comply with legal requirements can result in hefty penalties.

If you feel overwhelmed by this step or don’t know how to begin, it might be a good idea to hire a professional to help you check all the legal boxes.

Step 9: Open a Business Bank Account

Before you start making money you’ll need a place to keep it, and that requires opening a bank account .

Keeping your business finances separate from your personal account makes it easy to file taxes and track your company’s income, so it’s worth doing even if you’re running your plumbing business as a sole proprietorship. Opening a business bank account is quite simple, and similar to opening a personal one. Most major banks offer accounts tailored for businesses — just inquire at your preferred bank to learn about their rates and features.

Banks vary in terms of offerings, so it’s a good idea to examine your options and select the best plan for you. Once you choose your bank, bring in your EIN (or Social Security Number if you decide on a sole proprietorship), articles of incorporation, and other legal documents and open your new account.

Step 10: Get Business Insurance

Business insurance is an area that often gets overlooked yet it can be vital to your success as an entrepreneur. Insurance protects you from unexpected events that can have a devastating impact on your business.

Here are some types of insurance to consider:

  • General liability: The most comprehensive type of insurance, acting as a catch-all for many business elements that require coverage. If you get just one kind of insurance, this is it. It even protects against bodily injury and property damage.
  • Business Property: Provides coverage for your equipment and supplies.
  • Equipment Breakdown Insurance: Covers the cost of replacing or repairing equipment that has broken due to mechanical issues.
  • Worker’s compensation: Provides compensation to employees injured on the job.
  • Property: Covers your physical space, whether it is a cart, storefront, or office.
  • Commercial auto: Protection for your company-owned vehicle.
  • Professional liability: Protects against claims from a client who says they suffered a loss due to an error or omission in your work.
  • Business owner’s policy (BOP): This is an insurance plan that acts as an all-in-one insurance policy, a combination of any of the above insurance types.

types of business insurance

Step 11: Prepare to Launch

As opening day nears, prepare for launch by reviewing and improving some key elements of your business. 

Essential software and tools

Being an entrepreneur often means wearing many hats, from marketing to sales to accounting, which can be overwhelming. Fortunately, many websites and digital tools are available to help simplify many business tasks.  

Plumbing software such as Housecall Pro , AroFLo , and Marketing 360 can help with bookkeeping and invoices, managing cash flow, tracking projects and hours worked, and even managing social media campaigns and SEO optimization.

Accounting 

  • Popular web-based accounting programs for smaller businesses include Quickbooks , Freshbooks , and Xero . 
  • If you’re unfamiliar with basic accounting, you may want to hire a professional, especially as you begin. The consequences for filing incorrect tax documents can be harsh, so accuracy is crucial.

Develop your website

Website development is crucial because your site is your online presence and needs to convince prospective clients of your expertise and professionalism.

You can create your own website using services like WordPress, Wix, or Squarespace . This route is very affordable, but figuring out how to build a website can be time-consuming. If you lack tech-savvy, you can hire a web designer or developer to create a custom website for your business.

They are unlikely to find your website, however, unless you follow Search Engine Optimization ( SEO ) practices. These are steps that help pages rank higher in the results of top search engines like Google. 

Starting a plumbing business can be a lucrative venture, but success hinges on effective marketing strategies beyond just having a website and networking. Here are practical tips to boost your plumbing business:

  • Local SEO Optimization: Ensure your business appears in local search results by optimizing your online presence with location-specific keywords, Google My Business, and customer reviews.
  • Customer Referral Program: Encourage satisfied customers to refer your services by implementing a referral program, offering discounts or perks for every new customer they bring in.
  • Social Media Engagement: Leverage social media platforms to showcase your expertise, share customer testimonials, and engage with your community, building trust and visibility.
  • Strategic Partnerships: Establish partnerships with local hardware stores, real estate agents, or home improvement businesses to gain referrals and mutual promotion.
  • Community Sponsorship and Events: Sponsor local events or sports teams to increase brand visibility, and participate in community activities to build a positive reputation.
  • Emergency Response Campaigns: Highlight your 24/7 emergency services through targeted campaigns during seasons prone to plumbing issues, positioning your business as a reliable solution.
  • Online Advertising: Invest in targeted online advertising on platforms like Google Ads or social media to reach potential customers actively searching for plumbing services.
  • Professional Branding: Develop a professional and memorable brand identity, including a recognizable logo and consistent branding across all communication channels.
  • Educational Content Marketing: Create and share informative content through blog posts, videos, or infographics to establish your expertise and provide value to your audience.
  • Customer Loyalty Programs: Implement loyalty programs offering discounts or exclusive services to repeat customers, fostering long-term relationships and encouraging customer retention.

Focus on USPs

Unique selling propositions, or USPs, are the characteristics of a product or service that set it apart from the competition. Customers today are inundated with buying options, so you’ll have a real advantage if they are able to quickly grasp how your services meet their needs or wishes. It’s wise to do all you can to ensure your USPs stand out on your website and in your marketing and promotional materials, stimulating buyer desire. 

Global pizza chain Domino’s is renowned for its USP: “Hot pizza in 30 minutes or less, guaranteed.” Signature USPs for your plumbing business could be:

  •  Success guaranteed or your next job’s free!
  • Fastest, most reliable plumbers around 
  • The most advanced and efficient tools and methods 

unique selling proposition

You may not like to network or use personal connections for business gain. But your personal and professional networks likely offer considerable untapped business potential. Maybe that Facebook friend you met in college is now running a plumbing business, or a LinkedIn contact of yours is connected to dozens of potential clients. Maybe your cousin or neighbor has been a plumber for years and can offer invaluable insight and industry connections. 

The possibilities are endless, so it’s a good idea to review your personal and professional networks and reach out to those with possible links to or interest in plumbing. You’ll probably generate new customers or find companies with which you could establish a partnership. Online businesses might also consider affiliate marketing as a way to build relationships with potential partners and boost business.

Step 12: Build Your Team

If you’re starting out small from a home office, you may not need any employees. But as your business grows, you will likely need workers to fill various roles. Potential positions for a plumbing business would include:

  • General Manager
  • Marketing Lead 

At some point, you may need to hire all of these positions or simply a few, depending on the size and needs of your business. You might also hire multiple workers for a single role or a single worker for multiple roles, again depending on need. 

Free-of-charge methods to recruit employees include posting ads on popular platforms such as LinkedIn, Facebook, or Jobs.com. You might also consider a premium recruitment option, such as advertising on Indeed , Glassdoor , or ZipRecruiter . Further, if you have the resources, you could consider hiring a recruitment agency to help you find talent. 

Step 13: Run a Plumbing Business – Start Making Money!

To run a successful plumbing business, be ready to work during weekends and past regular working hours. A leaking pipe is an urgent matter that needs to be addressed immediately to prevent damage to a home and the growth of mold. So if a client calls you to fix a leaking pipe late at night, you’d have to go to work. Of course, that would mean a higher rate. 

Besides providing excellent work, it’s also important that you think like a businessman and keep track of your costs. You’re now ready to launch your plumbing business! Good luck!

  • Plumbing Business FAQs

Start by getting certified. Look for an established plumber and serve as an apprentice to gain industry knowledge. Next, decide whether you want to work as a commercial or residential plumber. After that, follow the above steps on how to start a plumbing business, and you’re good to go.

Yes, it is. For starters, plumbing is a $110 billion industry which means that there’s enough money to be made. However, turning your plumbing startup into a success story depends on your marketing prowess and ability to deliver excellent results consistently.

The truth is, it is hard to launch a plumbing company with no budget. At the very least, you’ll need to have a certification, essential equipment, and relevant licenses to start. Still, you can cut down costs by starting your business at home with a lean marketing budget and scale as your business grows.

A plumber installs pipes, fixtures, valves, pumps, water treatment systems, water meters, and drainage systems as part of their work.

The most common plumbing problems are clogged drains, leaking pipes, dripping faucets, running toilets, water heater issues, and low water pressure.

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  • Decide if the Business Is Right for You
  • Hone Your Idea
  • Brainstorm a Plumbing Company Name
  • Create a Plumbing Business Plan
  • Register Your Business
  • Register for Taxes
  • Fund your Business
  • Apply for Plumbing Business Licenses and Permits
  • Open a Business Bank Account
  • Get Business Insurance
  • Prepare to Launch
  • Build Your Team
  • Run a Plumbing Business - Start Making Money!

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How to write a business plan for a plumbing company?

plumbing company business plan

Writing a business plan for a plumbing company can be an intimidating task, especially for those just starting.

This in-depth guide is designed to help entrepreneurs like you understand how to create a comprehensive business plan so that you can approach the exercise with method and confidence.

We'll cover: why writing a plumbing company business plan is so important - both when starting up, and when running and growing the business - what information you need to include in your plan, how it should be structured, and what tools you can use to get the job done efficiently.

Let's get started!

In this guide:

Why write a business plan for a plumbing company?

What information is needed to create a business plan for a plumbing company.

  • What goes in the financial forecast for a plumbing company?
  • What goes in the written part of a plumbing company business plan?
  • What tool can I use to write my plumbing company business plan?

Having a clear understanding of why you want to write a business plan for your plumbing company will make it simpler for you to grasp the rationale behind its structure and content. So before delving into the plan's actual details, let's take a moment to remind ourselves of the primary reasons why you'd want to create a plumbing company business plan.

To have a clear roadmap to grow the business

Small businesses rarely experience a constant and predictable environment. Economic cycles go up and down, while the business landscape is mutating constantly with new regulations, technologies, competitors, and consumer behaviours emerging when we least expect it.

In this dynamic context, it's essential to have a clear roadmap for your plumbing company. Otherwise, you are navigating in the dark which is dangerous given that - as a business owner - your capital is at risk.

That's why crafting a well-thought-out business plan is crucial to ensure the long-term success and sustainability of your venture.

To create an effective business plan, you'll need to take a step-by-step approach. First, you'll have to assess your current position (if you're already in business), and then identify where you'd like your plumbing company to be in the next three to five years.

Once you have a clear destination for your plumbing company, you'll focus on three key areas:

  • Resources: you'll determine the human, equipment, and capital resources needed to reach your goals successfully.
  • Speed: you'll establish the optimal pace at which your business needs to grow if it is to meet its objectives within the desired timeframe.
  • Risks: you'll identify and address potential risks you might encounter along the way.

By going through this process regularly, you'll be able to make informed decisions about resource allocation, paving the way for the long-term success of your business.

To maintain visibility on future cash flows

Businesses can go for years without making a profit, but they go bust as soon as they run out of cash. That's why "cash is king", and maintaining visibility on your plumbing company's future cash flows is critical.

How do I do that? That's simple: you need an up-to-date financial forecast.

The good news is that your plumbing company business plan already contains a financial forecast (more on that later in this guide), so all you have to do is to keep it up-to-date.

To do this, you need to regularly compare the actual financial performance of your business to what was planned in your financial forecast, and adjust the forecast based on the current trajectory of your business.

Monitoring your plumbing company's financial health will enable you to identify potential financial problems (such as an unexpected cash shortfall) early and to put in place corrective measures. It will also allow you to detect and capitalize on potential growth opportunities (higher demand from a given segment of customers for example).

To secure financing

Whether you are a startup or an existing business, writing a detailed plumbing company business plan is essential when seeking financing from banks or investors.

This makes sense given what we've just seen: financiers want to ensure you have a clear roadmap and visibility on your future cash flows.

Banks will use the information included in the plan to assess your borrowing capacity (how much debt your business can support) and your ability to repay the loan before deciding whether they will extend credit to your business and on what terms.

Similarly, investors will review your plan carefully to assess if their investment can generate an attractive return on investment.

To do so, they will be looking for evidence that your plumbing company has the potential for healthy growth, profitability, and cash flow generation over time.

Now that you understand why it is important to create a business plan for a plumbing company, let's take a look at what information is needed to create one.

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The Business Plan Shop makes it easy to create a financial forecast to assess the potential profitability of your projects, and write a business plan that’ll wow investors.

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Writing a plumbing company business plan requires research so that you can project sales, investments and cost accurately in your financial forecast.

In this section, we cover three key pieces of information you should gather before drafting your business plan!

Carrying out market research for a plumbing company

Carrying out market research before writing a business plan for a plumbing company is essential to ensure that the financial projections are accurate and realistic.

Market research helps you gain insight into your target customer base, competitors, pricing strategies and other key factors which can have an impact on the commercial success of your business.

In particular, it is useful in forecasting revenue as it provides valuable data regarding potential customers’ spending habits and preferences.

Your plumbing company's market research may reveal that customers may prefer longer-lasting, higher quality fixtures, or they might prefer more affordable, lower quality fixtures. Additionally, the research may suggest that customers may be willing to pay more for energy-efficient plumbing systems, or they could be more interested in cost-saving systems.

This information can then be used to create more accurate financial projections which will help investors make informed decisions about investing in your plumbing company.

plumbing company business plan: successful entrepreneur

Developing the marketing plan for a plumbing company

Before delving into your plumbing company business plan, it's imperative to budget for sales and marketing expenses.

To achieve this, a comprehensive sales and marketing plan is essential. This plan should provide an accurate projection of the necessary actions to acquire and retain customers.

Additionally, it will outline the required workforce to carry out these initiatives and the corresponding budget for promotions, advertising, and other marketing endeavours.

By budgeting accordingly, you can ensure that the right resources are allocated to these vital activities, aligning them with the sales and growth objectives outlined in your business plan.

The staffing and equipment needs of a plumbing company

As you embark on starting or expanding your plumbing company, having a clear plan for recruitment and capital expenditures (investment in equipment and real estate) is essential for ensuring your business's success.

Both the recruitment and investment plans must align with the timing and level of growth projected in your forecast, and they require appropriate funding.

A plumbing company might incur staffing costs such as wages for qualified plumbers, administrative staff, and support personnel. They might also incur costs for equipment, such as tools, materials, and vehicles. For example, they might need to purchase wrenches, pipes, and other tools, as well as a truck or van for transporting them to the job site.

To create a realistic financial forecast, you also need to consider other operating expenses associated with the day-to-day running of your business, such as insurance and bookkeeping.

With all the necessary information at hand, you are ready to begin crafting your business plan and developing your financial forecast.

What goes into your plumbing company's financial forecast?

The financial forecast of your plumbing company's business plan will enable you to assess the growth, profitability, funding requirements, and cash generation potential of your business in the coming years.

The four key outputs of a financial forecast for a plumbing company are:

  • The profit and loss (P&L) statement ,
  • The projected balance sheet ,
  • The cash flow forecast ,
  • And the sources and uses table .

Let's look at each of these in a bit more detail.

The projected P&L statement

The projected P&L statement for a plumbing company shows how much revenue and profits your business is expected to generate in the future.

projected profit and loss statement example in a plumbing company business plan

Ideally, your plumbing company's P&L statement should show:

  • Healthy growth - above inflation level
  • Improving or stable profit margins
  • Positive net profit

Expectations will vary based on the stage of your business. A startup will be expected to grow faster than an established plumbing company. And similarly, an established company should showcase a higher level of profitability than a new venture.

The projected balance sheet of your plumbing company

The balance sheet for a plumbing company is a financial document that provides a snapshot of your business’s financial health at a given point in time.

It shows three main components: assets, liabilities and equity:

  • Assets: are resources owned by the business, such as cash, equipment, and accounts receivable (money owed by clients).
  • Liabilities: are debts owed to creditors and other entities, such as accounts payable (money owed to suppliers) and loans.
  • Equity: includes the sums invested by the shareholders or business owners and the cumulative profits and losses of the business to date (called retained earnings). It is a proxy for the value of the owner's stake in the business.

example of projected balance sheet in a plumbing company business plan

Examining the balance sheet is important for lenders, investors, or other stakeholders who are interested in assessing your plumbing company's liquidity and solvency:

  • Liquidity: assesses whether or not your business has sufficient cash and short-term assets to honour its liabilities due over the next 12 months. It is a short-term focus.
  • Solvency: assesses whether or not your business has the capacity to repay its debt over the medium-term.

Looking at the balance sheet can also provide insights into your plumbing company's investment and financing policies.

In particular, stakeholders can compare the value of equity to the value of the outstanding financial debt to assess how the business is funded and what level of financial risk has been taken by the owners (financial debt is riskier because it has to be repaid, while equity doesn't need to be repaid).

The cash flow forecast

A projected cash flow statement for a plumbing company is used to show how much cash the business is generating or consuming.

cash flow forecast in a plumbing company business plan example

The cash flow forecast is usually organized by nature to show three key metrics:

  • The operating cash flow: do the core business activities generate or consume cash?
  • The investing cash flow: how much is the business investing in long-term assets (this is usually compared to the level of fixed assets on the balance sheet to assess whether the business is regularly maintaining and renewing its equipment)?
  • The financing cash flow: is the business raising new financing or repaying financiers (debt repayment, dividends)?

As we discussed earlier, cash is king and keeping an eye on future cash flows an imperative for running a successful business. Therefore, you can expect the reader of your plumbing company business plan to pay close attention to your cash flow forecast.

Also, note that it is customary to provide both yearly and monthly cash flow forecasts in a business plan - so that the reader can analyze seasonal variation and ensure the plumbing company is appropriately funded.

The initial financing plan

The initial financing plan - also called a sources and uses table - is an important tool when starting a plumbing company.

It shows where the money needed to set up the business will come from (sources) and how it will be allocated (uses).

initial financing plan in a plumbing company business plan

Having this table helps understand what costs are involved in setting up the plumbing company, how the risks are distributed between the shareholders and the lenders, and what will be the starting cash position (which needs to be sufficient to sustain operations until the business breaks even).

Now that the financial forecast of a plumbing company business plan is understood, let's focus on what goes into the written part of the plan.

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The written part of a plumbing company business plan

The written part of a plumbing company business plan plays a key role: it lays out the plan of action you intend to execute to seize the commercial opportunity you've identified on the market and provides the context needed for the reader to decide if they believe your plan to be achievable and your financial forecast to be realistic.

The written part of a plumbing company business plan is composed of 7 main sections:

  • The executive summary
  • The presentation of the company
  • The products and services
  • The market analysis
  • The strategy
  • The operations
  • The financial plan

Let's go through the content of each section in more detail!

1. The executive summary

In your plumbing company's business plan, the first section is the executive summary — a captivating overview of your plan that aims to pique the reader's interest and leave them eager to learn more about your business.

When crafting the executive summary, start with an introduction to your business, including its name, concept, location, how long it has been running, and what sets it apart. Briefly mention the products and services you plan to offer and your target customer profile.

Following that, provide an overview of the addressable market for your plumbing company, current trends, and potential growth opportunities.

Next, include a summary of key financial figures like projected revenues, profits, and cash flows.

Finally, in the "ask" section, detail any funding requirements you may have.

2. The presentation of the company

In your plumbing company business plan, the second section should focus on the structure and ownership, location, and management team of your company.

In the structure and ownership part, you'll provide an overview of the business's legal structure, details about the owners, and their respective investments and ownership shares. This clarity is crucial, especially if you're seeking financing, as it helps the reader understand which legal entity will receive the funds and who controls the business.

Moving on to the location part, you'll offer an overview of the company's premises and their surroundings. Explain why this particular location is of interest, highlighting factors like catchment area, accessibility, and nearby amenities.

When describing the location of your plumbing company, you may want to emphasize the potential for growth in the area. Talk about the current infrastructure and services offered in the region, as well as any recent investments in development that could indicate a growing population with increased need for plumbing services. You could also highlight any local trends that could impact the business, such as rising home prices or an influx of new businesses. Additionally, you could note any potential advantages that the location may have for the company, such as proximity to key suppliers, access to major transportation routes, or competitive labor costs. Finally, you may want to discuss potential opportunities for the company to expand its reach, such as establishing relationships with other local businesses or entering into new markets.

Finally, you should introduce your management team. Describe each member's role, background, and experience.

Don't forget to emphasize any past successes achieved by the management team and how long they've been working together. Demonstrating their track record and teamwork will help potential lenders or investors gain confidence in their leadership and ability to execute the business plan.

3. The products and services section

The products and services section of your business plan should include a detailed description of what your company offers, who are the target customers, and what distribution channels are part of your go-to-market. 

For example, your plumbing company might offer a variety of services, such as installations and maintenance of water heaters, repairs of pipes and fixtures, and unclogging of drains. Additionally, you may provide emergency services for plumbing issues that cannot wait. These services are necessary to keep a home or business functioning properly, and they can be invaluable in times of crisis. By offering the full range of services, your business would ensure that customers have the best solutions available to them when they need plumbing assistance.

4. The market analysis

When you present your market analysis in your plumbing company business plan, it's crucial to include detailed information about customers' demographics and segmentation, target market, competition, barriers to entry, and any relevant regulations.

The main objective of this section is to help the reader understand the size and attractiveness of the market while demonstrating your solid understanding of the industry.

Begin with the demographics and segmentation subsection, providing an overview of the addressable market for your plumbing company, the key trends in the marketplace, and introducing different customer segments along with their preferences in terms of purchasing habits and budgets.

Next, focus on your target market, zooming in on the specific customer segments your plumbing company aims to serve and explaining how your products and services fulfil their distinct needs.

For example, your target market might include property owners who have recently purchased a home. This group of customers may need to hire a plumber to install new fixtures or to inspect the existing plumbing systems. Additionally, they may need to hire a plumber to replace old fixtures or repair broken plumbing systems.

Then proceed to the competition subsection, where you introduce your main competitors and highlight what sets you apart from them.

Finally, conclude your market analysis with an overview of the key regulations applicable to your plumbing company.

5. The strategy section

When you write the strategy section of your plumbing company business plan, remember to cover key elements such as your competitive edge, pricing strategy, sales & marketing plan, milestones, and risks and mitigants.

In the competitive edge subsection, elaborate on what makes your company stand out from competitors. This becomes especially important if you're a startup, aiming to carve a place for yourself amidst established players in the marketplace.

The pricing strategy subsection should demonstrate how you plan to maintain profitability while offering competitive prices to attract customers.

Outline your sales & marketing plan, detailing how you'll reach out to new customers and retain existing ones through loyalty programs or special offers.

For the milestones subsection, outline your company's achievements to date and your main objectives for the future, complete with specific dates to set clear expectations for progress.

Lastly, the risks and mitigants subsection should address the main risks that could affect your plan's execution. Explain the measures you've put in place to minimize these risks, assuring potential investors or lenders.

Your plumbing company faces a variety of risks. For example, there may be a risk of damage to property as a result of a plumbing issue. Poorly installed pipes, equipment, and fixtures could cause serious damage or even destruction to the property. Additionally, there might be a risk of financial losses if a plumbing job is completed incorrectly. This could result in having to pay for additional repairs or having to replace the faulty equipment.

6. The operations section

In your business plan, it's also essential to provide a detailed overview of the operations of your plumbing company.

Start by covering your team, highlighting key roles and your recruitment plan to support the expected growth. Outline the qualifications and experience required for each role and your intended recruitment methods, whether through job boards, referrals, or headhunters.

Next, clearly state your plumbing company's operating hours, allowing the reader to assess staffing levels adequately. Additionally, mention any plans for varying opening times during peak seasons and how you'll handle customer queries outside normal operating hours.

Then, shift your focus to the key assets and intellectual property (IP) necessary for your business. If you rely on licenses, trademarks, physical structures like equipment or property, or lease agreements, make sure to include them in this section.

You could have key assets such as a plumbing van and tools, as well as intellectual property like your company name and logo. Additionally, you may have a website and marketing materials, which could be considered IP as well. These assets and IP could be used to help promote and grow your business, as well as differentiate your company from your competitors.

Lastly, include a list of suppliers you plan to work with, detailing their services and main commercial terms, such as price, payment terms, and contract duration. Investors are interested in understanding why you've chosen specific suppliers, which may be due to higher-quality products or established relationships from previous ventures.

7. The presentation of the financial plan

The financial plan section is where we will include the financial forecast we talked about earlier in this guide.

Now that you have a clear idea of the content of a plumbing company business plan, let's look at some of the tools you can use to create yours.

What tool should I use to write my plumbing company's business plan?

In this section, we will be reviewing the two main options for writing a plumbing company business plan efficiently:

  • Using specialized software,
  • Outsourcing the drafting to the business plan writer.

Using an online business plan software for your plumbing company's business plan

Using online business planning software is the most efficient and modern way to create a plumbing company business plan.

There are several advantages to using specialized software:

  • You can easily create your financial forecast by letting the software take care of the financial calculations for you without errors
  • You are guided through the writing process by detailed instructions and examples for each part of the plan
  • You can access a library of dozens of complete business plan samples and templates for inspiration
  • You get a professional business plan, formatted and ready to be sent to your bank or investors
  • You can easily track your actual financial performance against your financial forecast
  • You can create scenarios to stress test your forecast's main assumptions
  • You can easily update your forecast as time goes by to maintain visibility on future cash flows
  • You have a friendly support team on standby to assist you when you are stuck

If you're interested in using this type of solution, you can try The Business Plan Shop for free by signing up here .

Need a solid financial forecast?

The Business Plan Shop does the maths for you. Simply enter your revenues, costs and investments. Click save and our online tool builds a three-way forecast for you instantly.

Screenshot from The Business Plan Shop's Financial Forecasting Software

Hiring a business plan writer to write your plumbing company's business plan

Outsourcing your plumbing company business plan to a business plan writer can also be a viable option.

Business plan writers are experienced in writing business plans and adept at creating financial forecasts without errors. Furthermore, hiring a consultant can save you time and allow you to focus on the day-to-day operations of your business.

However, hiring business plan writers is expensive as you are paying for the software used by the consultant, plus their time, and their profit margin of course.

From experience, you need to budget at least £1.5k ($2.0k) excluding tax for a complete business plan, more if you need to make changes after the initial version (which happens frequently after the initial meetings with lenders or investors).

You also need to be careful when seeking investment. Investors want their money to be used to grow the business, not spent on consulting fees. Therefore, the amount you spend on business plan writing services (and other consulting services such as legal services) needs to be negligible relative to the amount raised.

The other drawback is that you usually don't own the business plan itself: you just get the output, while the actual document is saved in the consultant's business plan software - which makes it difficult to maintain the document up to date without hiring the consultant on a retainer.

For these reasons, outsourcing the plumbing company business plan to a business plan writer should be considered carefully, weighing both the advantages and disadvantages of hiring outside help.

Ultimately, it may be the right decision for some businesses, while others may find it beneficial to write their business plan using online software.

Why not create your plumbing company's business plan using Word or Excel?

I must advise against using Microsoft Excel and Word (or their Google, Apple, or open-source equivalents) to write your plumbing company business plan. Let me explain why.

Firstly, creating an accurate and error-free financial forecast on Excel (or any spreadsheet) is highly technical and requires a strong grasp of accounting principles and financial modelling skills. It is, therefore, unlikely that anyone will fully trust your numbers unless you have both a degree in finance and accounting and significant financial modelling experience, like us at The Business Plan Shop.

Secondly, relying on spreadsheets is inefficient. While it may have been the only option in the past, technology has advanced significantly, and software can now perform these tasks much faster and with greater accuracy. With the rise of AI, software can even help us detect mistakes in forecasts and analyze the numbers for better decision-making.

And with the rise of AI, software is also becoming smarter at helping us detect mistakes in our forecasts and helping us analyse the numbers to make better decisions.

Moreover, software makes it easier to compare actuals versus forecasts and maintain up-to-date forecasts to keep visibility on future cash flows, as we discussed earlier in this guide. This task is cumbersome when using spreadsheets.

Now, let's talk about the written part of your plumbing company business plan. While it may be less error-prone, using software can bring tremendous gains in productivity. Word processors, for example, lack instructions and examples for each part of your business plan. They also won't automatically update your numbers when changes occur in your forecast, and they don't handle formatting for you.

Overall, while Word or Excel may seem viable for some entrepreneurs to create a business plan, it's by far becoming an antiquated way of doing things.

  • Having an up-to-date business plan is key to maintaining visibility on your future cash flows.
  • A business plan has 2 parts: a financial forecast highlighting the expected growth, profitability and cash generation of the business; and a written part which provides the context needed to interpret and assess the quality of the forecast.
  • Using business plan software is the modern way of writing and maintaining business plans.

We hope that this guide helped you to better understand how to write the business plan for a plumbing company. If you still have questions, do not hesitate to contact us.

Also on The Business Plan Shop

  • How to write a 5 years business plan
  • Business plan myths

Know someone who owns or wants to start a plumbing company? Share this article with them!

Guillaume Le Brouster

Founder & CEO at The Business Plan Shop Ltd

Guillaume Le Brouster is a seasoned entrepreneur and financier.

Guillaume has been an entrepreneur for more than a decade and has first-hand experience of starting, running, and growing a successful business.

Prior to being a business owner, Guillaume worked in investment banking and private equity, where he spent most of his time creating complex financial forecasts, writing business plans, and analysing financial statements to make financing and investment decisions.

Guillaume holds a Master's Degree in Finance from ESCP Business School and a Bachelor of Science in Business & Management from Paris Dauphine University.

Published on 15 Nov 2023 , last update on 27 Nov 2023 , as per our editorial standards .

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Plumbing Business Plan Sample

JUL.25, 2018

Plumbing Business Plan Sample

Do you want to start plumbing business

Are you planning to start plumbing business ? The plumbing industry in the U.S. has been on an upward trend for the last decade. In 2009, plumbing revenue in the U.S was approximately 100 billion dollars. Professional plumbing is a key subcontracting industry that is important for both residential and non-residential buildings. Plumbers install systems both for new constructions as well as do repairs and maintenance of existing structures. As a critical service sector, venturing into this business is a great idea so long as you have a good business plan in place to guide implementation.

Executive Summary

2.1 the business.

The plumbing business will be registered as Greenhouse Plumbing and shall be located in Lower Manhattan, New York. The business is owned by Graham Johns who is an experienced professional plumber.

2.2 Management Team

Graham Johns, Owner of Greenhouse Plumbing is an experienced plumber with more than 15 years of experience in the plumbing industry. Before starting a plumbing business , Graham dedicated his expertise to the corporate industry by working for numerous companies in the United States.

2.3 Customer Focus

Given his deep industry experience, Graham has vast knowledge of plumbing that is a great asset to help him set up Greenhouse Plumbing and target the right customers.

2.4 Business Target

Graham knows the plumbing industry well and how to go about getting the right customers to bring in the anticipated business revenue. With the right set of strategies, he hopes to penetrate the market and get good business.

Plumbing Business Plan - 3 Years Profit Forecast

Company Summary

3.1 company owner.

Graham Johns is an experienced plumber whose successful career in the plumbing industry has lasted almost two decades. As a leading expert, Graham has worked on large-scale plumbing projects which has equipped him with knowledge on how to run a successful plumbing business .

3.2 Aim of Starting the Business

With the growth of both residential and commercial real estate industry, a lot of opportunities have been created as plumbers play a key role in constructing, repairing and maintaining plumbing systems. Having been in the industry for long, Graham knows too well the future of plumbing is bright and this informed his decision to start Greenhouse Plumbing.

3.3 How the Business will be Started

Armed with extensive plumbing experience, Graham is a successful plumbing professional with vast technical experience of how to run the business. He clearly understands what needs to be done to setup but has also engaged financial business experts to come up with a comprehensive financial analysis.

Plumbing Business Plan - Startup Cost

Services for Customers

Greenhouse Plumbing offers a wide variety of services for clients in the greater New York area. In order to effectively know how to start your own plumbing business , it’s a great idea to identify services to be offered. To penetrate an established industry which already has other plumbing companies, Graham John plans to focus on excellent service delivery and professionalism to grow plumbing business . With diversified services targeting all types of clients, customers will be able to enjoy a vast number of benefits all under one roof. Greenhouse Plumbing intends to offer the following types of services to both residential and commercial clients in New York.

  • General plumbing services that include repair, maintenance and setting up of new plumbing systems
  • Streamfitting and piping services
  • Gas plumbing and appliance repair
  • Installation of septic tanks, lawn sprinkler and hot water systems

Marketing Analysis of Plumbing Business

Plumbing is a key service sector that plays a vital role in both the residential and commercial real estate industry. Builders who come up with numerous projects are often in need of professional, experienced, reliable and well-priced professional plumbers who can offer excellent plumbing services. With the rapid expansion of New York’s real industry, Greenhouse Plumbing has an incredible opportunity considering Graham has vast knowledge of how to run a plumbing business .

5.1 Market Segment

For Greenhouse Plumbing to meet its financial objectives, this plumbing company business plan explains in detail the customer target and which marketing strategies shall be used to woo prospective customers. Identification of the target market is vital to ensure customized marketing strategies are adopted in order to yield the desired results.

Plumbing Business Plan - Market Segmentation

5.1.1 Individuals and Households

With a population of over 8 million people, New York is the largest city in the United States meaning it has the highest number of households than any other city in the U.S. Because of this, the largest source of customers for Greenhouse Plumbing is expected to be individual households that are in need of professional plumbing services. This plumbing business plan lays out emphasis on what needs to be done to effectively reach out to this market projected to be a key revenue source for Greenhouse plumbing. From the onset, Graham and his team must find ways of connecting with local households in various New York residential neighbors.

5.1.2 Corporates

New York is a corporate hub with thousands of commercial buildings that host corporate companies. Whether it is fixing plumbing systems for new buildings or doing maintenance and repairs for existing structures, the corporate industry is a lucrative market for Greenhouse Plumbing. Corporates award large long-term plumbing maintenance and repair contracts which are lucrative and a great revenue source for the company. The corporate industry is keen on getting the best professional plumbing services and therefore, Greenhouse plumbing needs to implement strategic marketing policies that attract corporate clientele.

5.1.3 Real Estate Owners and Developers

New York is among top U.S. cities with a vibrant real estate sector which is one of the biggest customers for the plumbing industry. New York is home to some of the largest and most popular real estate companies in the United States. Due to the large number of real estate firms, Greenhouse Plumbing has to know how to market a plumbing business to various New York real estate owners and developers. Among the priority target markets should be focus on how to penetrate the real estate industry.

5.1.4 Government Agencies

Government is a major customer segment with a good capability to provide Greenhouse Plumbing with a good source of revenue. Even though government jobs aren’t easy to secure, the business stands a good chance to secure business from various federal agencies.

5.2 Business Target

Greenhouse Plumbing has plans to offer a superior plumbing service that will cut out the business from the rest of its competitors. New York being a large city with diverse types of customers is an advantage for the business. Despite the presence of established plumbing companies, the company has formulated a clear business operational plan that will help realize an annual sales increase of 20%-25%.

5.3 Product Pricing

When thinking about plumbing business start up costs , Greenhouse Plumbing has come up with a pricing structure which takes into account market rates and what competitors are charging. Ultimately, the plan is to ensure the correct pricing mechanism is put in place for the business attains its revenue targets.

With the right strategies put in place, there is a lot of revenue potential for Greenhouse Plumbing to tap. A host of creative marketing strategies will be helpful in aggressively marketing the plumbing business. To start a plumbing business that will be successful, it is imperative to have the right strategies in place.

6.1 Competitive Analysis

Greenhouse Plumbing has extensively studied the market and identified areas it can capitalize on to generate revenue to outsmart its competitors. New York is a large city with plenty of opportunities that can only be identified through consistent market analysis and research efforts.

6.2 Sales Strategy

For Greenhouse Plumbing to penetrate the market and win loyal customers as well as keep attracting new clients, the sales strategies below will be used to advertise the business.

  • Distribute introduction letters, company materials and brochures to targeted customer segments in an effort to market and create awareness about the new plumbing company
  • Organize an opening party and invite stakeholders as well as prospective customers from key industries such as real estate professionals and managers. This forum is a great networking opportunity to create rapport with customers.
  • Attend exhibitions and events that bring together plumbing companies.
  • Advertise the business in local print and broadcast media such as television, radio and newspapers
  • Adopt digital marketing strategies such as Google Ads, Facebook and Twitter as many clients now seek plumbing services through the internet
  • Market the business in listings such as the Yellow Pages
  • Word of mouth marketing

6.3 Sales Forecast

For Greenhouse Plumbing to achieve its goals, below is a detailed sales forecast which has been formulated to guide the business on a path towards success.

Plumbing Business Plan - Unit Sales

Personnel Plan

Greenhouse Plumbing understands too well the importance of having skilled, experienced and reliable employees. Hiring personnel is a key component of how to start a plumbing business . Plumbing is highly technical and the success of this business depends on the caliber of staff hired to work on various systems.

7.1 Personnel Plan

For Greenhouse plumbing to operate effectively, the following staff will be hired to work in various areas of the business. For starters, Graham Johns who is the owner of the business will also be the Chief Executive Officer. In addition, the following staff will hired to offer a helping hand.

  • Technical Manager
  • 2 Sales and Marketing Executives
  • 1 Accountant
  • 1 Customer Service Assistant
  • 5 Plumbers and Handymen

Successful applicants will be taken through intensive training to familiarize themselves with plumbing company operations.

7.2 Average Salaries

Greenhouse Plumbing intends to compensate staff the following salaries within the first three years of operation.

Financial Plan

Green Plumbing has come up with a detailed financial plan that will help steer the business to development. One of the key things to think about when starting plumbing business is to have a sound financial strategy. A bulk of the capital will be raised from Graham’s personal savings and two investors who are his close friends. Additional funding will be sought through a bank loan for business plan to finance the remaining budget deficit. Using this detailed breakdown of financial parameters, the business will be best positioned to fully harness plumbing business opportunities for the sake of growth. The following is a detailed financial breakdown for Greenhouse Plumbing.

8.1 Important Assumptions

The financial forecast for Greenhouse Plumbing is based on the assumptions below.

8.2 Brake-even Analysis

Greenhouse Plumbing brake-even analysis is shown in the graph below.

Plumbing Business Plan - Brake-even Analysis

8.3 Projected Profit and Loss

Profit and loss information for Greenhouse Plumbing as calculated on a monthly and annual basis is indicated below.

8.3.1 Monthly Profit

Plumbing Business Plan - Profit Monthly

8.3.2 Yearly Profit

Plumbing Business Plan - Profit Yearly

8.3.3 Monthly Gross Margin

Plumbing Business Plan - Gross Margin Monthly

8.3.4 Yearly Gross Margin

Plumbing Business Plan - Gross Margin Yearly

Profit and Loss Analysis for Greenhouse Plumbing is illustrated below.

8.4 Projected Cash Flow

Below is a summary of Pro forma cash flow, subtotal cash received, subtotal cash spent, subtotal cash from operations and subtotal cash spent on operations.

Plumbing Business Plan - Projected Cash Flow

8.5 Projected Balance Sheet

Below is a Projected Balance Sheet for Greenhouse Plumbing that indicates assets, liabilities, capital, long term assets and current liabilities.

8.6 Business Ratios

The following is the Ratio Analysis, Business Ratios and Business Net Worth for Greenhouse Plumbing.

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Plumbing Business Plan

Start your own plumbing business plan

Water Tubes Plumbing

Management summary management summary will include information about who's on your team and why they're the right people for the job, as well as your future hiring plans.">.

Don Roto received his Bachelor of Arts from the University of Portland.  After college, Dan decided to learn more about plumbing, one of the odd jobs that he did in college.  After six months of inconsistent work Don landed a job with a larger plumbing company that did both residential and commercial work.  Don started as an apprentice, but within four months had passed his journeymen exam.  Don continued to work for this company for ten years, receiving his master plumbing designation right at the ten year mark.  At this point Don decided that he wanted to try operating his own company, leveraging skills learned in college as well as providing him the flexibility of being his own boss.  It was at this point that he started writing the business plan for Water Tubes and eventually quit his job.

6.1 Personnel Plan

Don will be the only employee for the first month.  Don will bring on board a second employee during month two, and two more employees on the third month.  It is forecasted that Water Tubes will stay at four employees for the foreseeable future.

business plan in plumbing

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Plumbing Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Posted on Last updated: August 30, 2023

Home » Business ideas » Home Improvement » Plumbing

Are you about starting a plumbing business ? If YES, here’s a complete sample plumbing service business plan template & feasibility report you can use for FREE to raise money .

One thing is common amongst people that are in the plumbing line of business, they tend to work as handymen in order to maximize profit in the industry since plumbing is a subset of the handyman industry. A handyman is one that provides a wide range of services needed for the maintenance of buildings and properties.

The services provided by a handyman include plumbing, electrical works, carpentry, painting, heating and cooling services and other building and property maintenance and repair works.

To succeed in the business, you should try as much as possible not to reject jobs from clients as some jobs might be seen as too small for you to accept. Doing the small jobs is what often opens the way for you as a plumber or handyman with your clients. When they have bigger jobs, they will remember you and call you to handle their bigger projects for them.

A Sample Plumbing Services Business Plan Template

1. industry overview.

First and foremost, it is important to establish that the plumbing services business is a subset of the handyman repair services industry.

The plumbing cum handyman industry provides general maintenance and repair services to residential and commercial customers, including plumbing and electrical repairs, appliance installation and repair, painting and carpentry.

Players in this industry install and maintain plumbing fixtures, fittings and equipment and the industry activities include work on household pipes and drains; installation of gas cooking and heating appliances; and work on bathroom and toilet fixtures and venting systems.

Emergency repair work ( e.g. unclogging drains or repairing burst water mains ) represents a significant source of industry revenue. They may also supply plumbing appliances and coupling products for construction projects as a means of increasing income for the business.

The industry grew as a result of the shift in focus from do-it-yourself (DIY) to do-it-for-me (DIFM) as the eighties drew to a close.

This was because time became more precious for the coming generation than money. By the mid-nineties handyman businesses began to appear all over the place to cater to people who did not have time to spare to fix little problems in their homes.

In 2003, the plumbing cum handyman industry was one of the fastest growing ones in the united states and the industry keeps expanding further. This sector is a resource for the growing number of aging homeowners and is also a source of business opportunity for entrepreneurs.

The Plumbing cum Handyman services industry will continue to grow going forward due to the support it will get from the accelerating house market. Besides, housing prices are also on the rise and the increase in the existing home sales will help to drive the demand for remodeling projects and repair works in homes and on properties.

There is a growing need for home repair work and improvement that is reliable because of the emergence of vacation homes, second homes, commercial properties and rental units.

Also, the increase in the number of older people who wish to keep on living in their homes is a factor for the growth in the industry and younger families with children of school-age who chooses to renovate and remodel their homes, instead of moving out to look for new homes in the real estate market with its high price.

Statistics has it that the Plumbing cum Handyman Services industry in the United States of America, is worth $106 billion, with an estimated growth rate of 4.2 percent.

There are about 115,908 registered and licensed plumbing and handyman services businesses in the United States and they are responsible for employing about 9,180 people. It is important to state that there is no company with a dominant market share in this industry.

The plumbing and handyman services industry will keep on thriving in the coming decade especially if an entrepreneur in this line of business is committed to providing reliable and quality work for customers in the home repair and property services they render.

The market is highly unsaturated and there is room for growth as the industry is expanding and maturing. The good news for would be entrepreneurs in this line of business is that there is an estimate of continued annual growth for the handyman industry for as high as 20 percent.

Over and above, the plumbing cum handyman services industry is very open to any aspiring entrepreneur who has acquired the required trainings, skills and perhaps professional certifications to start his or her own business and of course make good money from the industry.

2. Executive Summary

Lumber Jack® Plumbing Services is a licensed and standard plumbing services company that also handles other related handyman services. We have been able to secure a standard and well – positioned office facility in a growing community in Dallas – Texas.

We are a plumbing cum handyman Services Company that is set to compete in the highly competitive handyman services industry not only in Texas, but also throughout the United States market.

Aside from this service; installing and maintaining plumbing fixtures, fittings and equipment and working on household pipes and drains; installation of gas cooking and heating appliances; and working on bathroom and toilet fixtures and venting systems and emergency repair work (e.g. unclogging drains or repairing burst water mains)  services which happens to be our core services.

Lumber Jack® Plumbing Services will also provide general maintenance and repair services to residential and commercial customers, including wiring and electrical repairs, appliance installation and repair, painting and carpentry services et al.

Our business goal is to become one of the leading plumbing cum handyman service companies in the United States and we will make sure that we do all we can to compete favorably with leaders in the industry.

Our workers will be selected from a pool of certified and highly experienced technicians and tradesmen with different trade skills as it relates to our service offerings in and around Dallas – Texas and also from any part of the United States of America as the business grows.

We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with leading plumbing and handymen service providers and installation, maintenance and repair companies in the United States and throughout the globe.

At Lumber Jack® Plumbing Services, our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that all the repair jobs we carry out stand the test of time, we will hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for all our partners, employees and for our clients. Lumber Jack® Plumbing Services is founded by Mr. Charles Coleman, a plumber per excellence who also has various skills as a certified tradesman cum handyman.

It is a family business, and the business will be managed and financed by the family. Mr. Coleman has well over 15 years of experience working as a plumber cum handyman for the public works department of the United States of America.

3. Our Products and Services

Lumber Jack® Plumbing Services is established with the aim of maximizing profits in the plumbing cum handyman services industry.

We want to compete favorably with the leading plumbing cum handyman service companies and installation, maintenance and repair companies in the United States which is why we have but in place a competent quality assurance team that will ensure that every plumbing repairs, installations and services carried out or related services rendered meet and even surpass our customers’ expectations.

We will work hard to ensure that Lumber Jack® Plumbing Services is not just accepted in the community we operate in Dallas, but also throughout Texas and in other cities in the United States of America. Our service offerings are listed below;

  • Plumbing repair and installations services (Our core service)
  • Mechanical services
  • Building sprinkler system installation
  • Steam fitting and piping services
  • Lawn sprinkler installation
  • Drain construction, cleaning or repairing
  • Gas plumbing
  • Gas appliance repair
  • Hot water systems installation
  • Repairing installed plumbing
  • Septic tank installation
  • Solar hot water systems installation
  • Steamfitting and piping contracting services
  • Interior and exterior sprinkler system installation

4. Our Mission and Vision Statement

  • Our vision goes beyond establishing a plumbing services company to establishing a standard and all – round handyman services company whose services and brand will not only be accepted in Dallas – Texas but also in other cities in the United States of America.
  • Our mission is to provide professional plumbing, installation, maintenance and repair services and other related services that will assist businesses, individuals, households and non-profit organizations in ensuring that their facility and equipment are always in good shape.
  • We want to build a plumbing cum handyman Service Company that can favorably compete with other leading brands in the plumbing cum handyman services industry.

Our Business Structure

Lumber Jack® Plumbing Services is a business that intend starting small in Dallas – Texas, but hope to grow big in order to compete favorably with leading plumbing cum handyman businesses in the industry in the United States. We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own.

This is why we are committed to only hire the best hands within our area of operations. At Lumber Jack® Plumbing Services we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stakeholders (the owners, workforce, and customers).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer
  • Head, Technical Services

Human Resources and Admin Manager

  • Sales and Marketing Executive
  • Plumbers and Handymen (With Various Trade Skills as it relates to our Business)

Client Service Executive

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Responsible for providing direction for the business
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization

Head, Technical Services:

  • Serves as project manager of the organization; works directly with employees
  • Develops strategic plan by studying technological and financial opportunities; presenting assumptions; recommending objectives.
  • Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
  • Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
  • Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
  • Maintains quality service by establishing and enforcing organization standards.
  • Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
  • Makes certain that the technical department perform efficiently, coordinate employee efforts, and facilitate communications between management and plumbers / handymen
  • Ensures that the organization work in line with international best practices.
  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Defines job positions for recruitment and managing interviewing process
  • Carries out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Oversees the smooth running of the daily office and factory activities.

Sales and Marketing Manager

  • Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
  • Models demographic information and analyze the volumes of transactional data generated by customer
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of plumbing repair and installation projects.
  • Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
  • Responsible for handling business research, market surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develops, executes and evaluates new plans for expanding increase sales
  • Creates new markets cum businesses for the organization
  • Empowers and motivates the sales team to meet and surpass agreed targets

Accountant / Cashier:

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for one or more properties.
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensures compliance with taxation legislation
  • Handles all financial transactions for Lumber Jack® Plumbing Services
  • Serves as internal auditor for Lumber Jack® Plumbing Services.

Plumbers and Handymen (With Various Trade Skills)

  • Provides general maintenance and repair services to residential and commercial customers, including plumbing and electrical repairs, appliance installation and repair, painting and carpentry services et al.
  • Handles Carpentry services, Appliance installation and repair (TV wall mount installation), Flooring installation and repair, Roofing repairs, Gutter cleaning, Kitchen makeover, Bathroom remodel and Shower remodel, Attic insulation, Deck repair, Door installations, Fence repairs, Interior and exterior painting services, Yard and power tool repair and maintenance
  • Welcomes clients and potential clients by greeting them in person or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the creative director in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ services, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

6. SWOT Analysis

Lumber Jack® Plumbing Services engaged the services of a core professional in the area of business structuring to assist our organization in building a well – structured plumbing cum handyman business that can favorably compete in the highly competitive plumbing cum handyman services industry in the United States and the world at large.

Part of what the team of business consultant did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Lumber Jack® Plumbing Services. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Lumber Jack® Plumbing Services;

Our core strength lies in the power of our team; our workforce. We have a team of certified and highly trained and experienced technicians, plumbers, and carpenters et al, a team with excellent qualifications and experience in various niche areas in the plumbing and handyman services industry.

Aside from the synergy that exists in our carefully selected workforce, our services will be guided by best practices in the industry.

As a new plumbing cum handyman Services Company in Dallas – Texas, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated and highly competitive plumbing cum handyman services industry; that is perhaps our major weakness.

Another weakness is that we may not have the required cash to pump into promoting our business the way we would want to.

  • Opportunities:

No doubt, the opportunities in the plumbing and handyman services industry is massive considering the number of households and corporate organizations who would always need their faulty plumbing jobs to be fixed or other things to fix in their facilities.

As a plumbing cum handyman Services Company, we are ready to take advantage of any opportunity that is available in the industry.

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. As a matter of fact, some people tend to fix their faulty plumbing jobs themselves as against hiring plumbers and handymen.

Another threat that may likely confront us is the arrival of a new plumbing and handyman services company in same location where our target market exist and who may want to adopt same Business model like us.

7. MARKET ANALYSIS

  • Market Trends

Although it is somewhat difficult to get plumbers to help you fix your faulty plumbing jobs; it is obvious that the number of plumbers in a given community seems to be less than the required numbers of plumbers needed to effectively service the community.

The plumbing cum handyman industry is one that was affected adversely by the fall of the housing market. This resulted to a low demand for the services in this industry. When the demand for minor household repairs and maintenance rose, the revenue decline was moderated.

The industry has now benefited from the acceleration house market and the increase in household income. These days, it is trendy to find plumbers offering far more than plumbing services; they would prefer to start a handyman services business.

A business that will offer a wide range of relevant services. It gives them the opportunity to maximize profits in the industry and create multiple streams of income as against relying on only plumbing services. On the average, starting and running a plumbing / handyman business can be cost effective.

This is especially so when you have highly trained, well qualified and experienced staff as members of your team. With the quality of work carried out by them for your customers, you will be able to retain your customers and the good work your company does will be well spread by word of mouth as customers will tend to recommend your services to their families and friends once you are able to do a good job in their homes and on their properties.

A company’s ability in providing its customers with quality service at affordable prices will also be a factor that will count in the industry.

This way the company will be able to retain existing clients and get more business from new customers. The competition in the plumbing and handyman industry shows that there is a viable market for the services of plumbers cum handymen.

As long as you are prepared to deliver quality plumbing and handyman services, you will have your own share of the market as some plumbers and handymen business that exist take their customers for granted and offer them mediocre services.

This gives you room as a new entrant into the business to come in and dominate if you are prepared to give quality service to your client.

8. Our Target Market

Before starting our plumbing cum handyman business in Dallas – Texas, we conducted a market survey and feasibility studies and we are certain that there is a wide range of both corporate and individual clients who would need the services of plumbers and handymen on a regular basis.

In view of that, we have created strategies that will enable us reach out to various corporate organizations and households who we know can’t afford to do without our services. Below is a list of the people and organizations that we have specifically market our services to;

  • Individuals and households
  • Banks, Insurance Companies and other related Financial Institutions
  • Blue Chips Companies
  • Corporate Organizations
  • Real Estate Owners, Developers, and Contractors
  • The Government (Public works department)
  • Schools (High Schools, Colleges and Universities)
  • Sport Facilities
  • Religious Organizations

Our Competitive Advantage

Surviving in the business world as a plumber or handyman requires more than, your expertise, knowing how to deliver standard plumbing cum repairs and maintenance jobs but also how to network with key people that matters; decision makers that can decide who will get an plumbing installation, repair and maintenance contract.

There are favorable conditions for growth in the plumbing and handyman services industry and as a result of this, survival in the industry will require that you build on existing knowledge of the services you offer to your customers and broaden your skill base in order to be able to compete favorably.

More plumbing and handymen businesses are coming up and they are using the services of existing franchise in the business to boost their competitive edge and exposure in the industry.

We are quite aware that to be highly competitive in the plumbing and handyman services industry means that you are not only expected to be able to deliver consistent and highly reliable plumbing installation, repair and maintenance jobs, but you must be able to meet set targets.

No one would want to continue to hire your services if don’t always meet up with the target date of completion of projects. Our competitive advantage lies in the power of our team; our workforce.

We have a team of certified and highly trained and experienced technicians, plumbers, and carpenters et al, a team with excellent qualifications and experience in various niche areas in the handyman services cum installation, maintenance and repair service industry.

Lastly, all our employees will be well taken care of, and their welfare package will be amongst the best within our category (startups plumbing and handyman services businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Lumber Jack® Plumbing Services is established with the aim of maximizing profits in the  plumbing and handyman (repair) services industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients. Lumber Jack® Plumbing Services will generate income by offering the following services;

  • Steamfitting and piping services

10. Sales Forecast

One thing is certain, there would always be corporate organization, government agencies, households and individual who would need the services of plumbers and handymen from time to time.

We are well positioned to take on the available market in the plumbing and handyman services industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our company to enviable heights.

We have been able to critically examine the plumbing and handyman services market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in plumbing and handyman services industry.

Below is the sales projection for Lumber Jack® Plumbing Services, it is based on the location of our business and of course the wide range of our services and target market;

  • First Fiscal Year-: $100,000
  • Second Fiscal Year-: $250,000
  • Third Fiscal Year-: $500,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same plumbing installation, maintenance and repair services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales Strategy

We are mindful of the fact that there are stiffer competition in the plumbing and handyman services industry; hence we have been able to hire some of the best marketing experts to handle our sales and marketing.

Our sales and marketing team will be recruited based on their vast experience in the plumbing and handyman services industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Lumber Jack® Plumbing Services

Our corporate goal is to grow Lumber Jack® Plumbing Services to become one of the top 10 plumbing and handyman services brands in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Dallas – Texas but also in other cities in the United States of America.

Lumber Jack® Plumbing Services is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our business by sending introductory letters alongside our brochure to individuals, households, construction companies, facility managers, corporate organizations, religious organizations and key stake holders.
  • Promptness in bidding for plumbing installation, repair, and maintenance contract from the government and other cooperate organizations
  • Advertise our business in relevant business magazines, newspapers, TV stations, and radio station.
  • List our business on yellow pages ads (local directories)
  • Attend relevant international and local expos, seminars, and business fairs et al
  • Create different packages for different category of clients in order to work with their budgets and still deliver excellent services
  • Leverage on the internet to promote our business
  • Engage direct marketing approach
  • Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We know the power of publicity hence we have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.

We are set to become the number one choice for both corporate clients and households in the whole of Dallas – Texas and beyond which is why we have made provisions for effective publicity and advertisement of our plumbing cum handyman Services Company. Below are the platforms we intend to leverage on to promote and advertise Lumber Jack® Plumbing Services;

  • Place adverts on both print (newspapers and magazines) and electronic media platforms
  • Sponsor relevant community based events / programs
  • Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our services
  • Install our BillBoards on strategic locations all around Dallas – Texas
  • Engage in road show from time to time in targeted neighborhoods
  • Distribute our fliers and handbills in target areas
  • Contact corporate organizations and households by calling them up and informing them of Lumber Jack® Plumbing Services and the services we offer
  • List our company in local directories / yellow pages
  • Advertise our company in our official website and employ strategies that will help us pull traffic to the site.
  • Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our company logo et al.

12. Our Pricing Strategy

At Lumber Jack® Plumbing Services we will keep the prices of our plumbing and handyman services below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services.

In addition, we will also offer special discounted rates to all our customers at regular intervals. We are aware that there are some one – off jobs or government contracts which are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.

  • Payment Options

At Lumber Jack® Plumbing Services our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;

  • Payment by via bank transfer
  • Payment via online bank transfer
  • Payment via check
  • Payment via bank draft
  • Payment via mobile money
  • Payment with cash

In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.

13. Startup Expenditure (Budget)

When it comes to setting up any business, the amount or cost will depend on the approach and scale you want to undertake.

If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

In essence, it means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. Basically, the tools and equipment that will be used is nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a standard plumbing and handyman company; it might differ in other countries due to the value of their money. However, this is what it would cost us to set Lumber Jack® Plumbing Services in the United of America;

  • Business incorporating fees in the United States of America will cost – $750.
  • The budget for Liability insurance, permits and license will cost – $3,500
  • Acquiring an office space that will accommodate the number of employees for at least 6 months (Re – Construction of the facility inclusive) will cost – $100,000.
  • The amount required to purchase the needed tool box and repair equipment – $10,000
  • Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $10,000
  • Amount required to purchase the needed software applications to run our business – $3,500
  • Launching an official Website will cost – $500
  • Amount need to pay bills and staff members for at least 2 to 3 months – $70,000
  • Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $1,000

Going by the report from the market research and feasibility studies conducted, we will need about two hundred thousand ( 200,000 ) U.S. dollars to successfully set – up a standard plumbing and handyman company in the United States of America.

Generating Funding / Startup Capital for Lumber Jack® Plumbing Services

Lumber Jack® Plumbing Services is a business that will be owned and managed by Mr. Charles Coleman and his immediate family. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

  • Generate part of the start – up capital from personal savings and sale of his stocks
  • Generate part of the start – up capital from friends and other extended family members
  • Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $70,000 and soft loan from family members $30,000 ) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

It is a known fact that the future of a business lies in the numbers of loyal customers that they have, the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Lumber Jack® Plumbing Services is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our plumbing installation, maintenance and repair services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Lumber Jack® Plumbing Services will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts various banks in the United States: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Securing a standard office facility: Completed
  • Application for business license and permit: Completed
  • Purchase of All form of Insurance for the Business: Completed
  • Conducting Feasibility Studies: Completed
  • Generating part of the start – up capital from the founders: Completed
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents: In Progress
  • Design of Logo for the business: Completed
  • Purchase of plumbing repair and installation tools and equipment: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Purchase of the Needed furniture, office equipment, software applications, electronic appliances and facility facelift: In progress
  • Creating Official Website for the business: In Progress
  • Creating Awareness for the business: In Progress
  • Health and Safety and Fire Safety Arrangement: In Progress
  • Establishing business relationship with vendors and key players in various industries: In Progress
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business plan in plumbing

Small Business Trends

16 best plumbing apps compared, reviewed, rated, and ranked.

best plumbing apps

The best plumbing apps are just as important for a toolbox as pliers and wrenches. These essential tools help a professional plumber with everything from pipe dimensions to payroll reports and invoices. Below, we’ve compiled a list of plumbing apps specifically designed to streamline your business operations. These apps will not only save you time but also assist in efficiently managing your projects.

If you’re new to the plumbing industry, the first question you may ask yourself is: How much money do plumbers make ? The income of plumbers can vary significantly depending on factors such as location, level of experience, specialization, and whether they are self-employed or work for a plumbing company.

How Much Money Do Plumbers Make?

According to a U.S. News & World Report article on plumbing careers, plumbers earned a median annual income of $59,880 in 2021, with the top 25% of earners making $77,890 and the bottom 25% earning $46,590 during that year. However, experienced plumbers in high-demand areas or those with specialized skills can earn considerably more, often surpassing six figures.

business plan in plumbing

It’s important to note that plumbing can be a lucrative career, but earnings can vary widely, and success often depends on factors like reputation, reliability, and the ability to secure consistent work.

Also, here are some tips from @NSBuilders to make your projects go smoother:

What is a Plumbing App?

A Plumbing App is a specialized software tool designed to assist plumbing businesses, both small and large, in efficiently managing various aspects of their operations. These applications are tailored to the unique needs of plumbers, helping them streamline their workflow and improve overall productivity. Some of the primary goals of plumbing apps are as follows:

Small Business Deals

  • Task Management: Plumbing apps aim to simplify task management for small business owners. They help with critical functions such as dispatching, scheduling appointments, and assigning tasks to field technicians. This ensures that jobs are allocated effectively and completed in a timely manner.
  • Utility and Reference: Many plumbing apps include utility features that provide access to essential plumbing formulas, piping calculations, and water flow calculations. These tools assist plumbers in making accurate measurements and calculations during their work, ensuring compliance with industry standards.
  • Customer Communication: Effective communication with customers is crucial for any plumbing business. Plumbing apps often offer features that facilitate communication, such as sending notifications, updates, and reminders to clients. This helps in building trust and maintaining good customer relationships.
  • Employee Time Tracking: To monitor and manage the working hours of field technicians, plumbing apps offer employee time tracking functionalities. This feature enables businesses to ensure accurate payroll processing and efficient resource allocation.
  • Comprehensive Features: The best plumbing apps provide a wide range of features that cater to the diverse needs of plumbing professionals. These features may include invoicing, payment processing, reporting, inventory management, and more, allowing businesses to handle various aspects of their operations within a single application.

Plumbing App Benefits

A plumbing company can get many benefits from an all-in-one app. Here are five notable benefits.

1. Calculate Bids Quickly

Plumbing apps simplify the bidding process by providing easy access to historical data on labor and equipment costs, enabling faster and more accurate job cost estimation.

2. Get Paid Faster

best plumbing apps - plumber giving thumbs up

Getting paid faster is always a plus, right? Plumbing apps enhance cash flow management with the ability to accept credit card payments directly through the app. This advantage ensures prompt payment from clients.

3. Efficient Job Scheduling

Streamline job scheduling using color-coded calendars and task assignments to field technicians, reducing scheduling conflicts and improving organization.

4. Optimize Routes

Minimize operational costs by optimizing travel routes, reducing travel time and fuel expenses. Ensure compatibility with your mobile device for efficient navigation.

5. Enhanced Customer Engagement

best plumbing apps - plumber shaking hand with customer

Quality plumbing apps facilitate effective customer engagement by sending pre-visit emails, providing text message notifications when technicians are en route, and automating follow-up and rebooking messages. This enhances customer satisfaction and strengthens client relationships.

How We Selected the Best Plumbing Apps: Essential Criteria for Small Business Owners

In our pursuit to provide small business owners and entrepreneurs with the best recommendations, we rigorously evaluated numerous plumbing apps based on the following criteria. Each criterion is assigned a scale from 1 to 5, indicating its importance in our selection process, where 1 is less critical and 5 is most critical:

  • We prioritized apps with an intuitive and easy-to-navigate interface, ensuring efficient task completion.
  • Our focus was on apps offering comprehensive features like scheduling, invoicing, customer management, and real-time updates.
  • We looked for apps that provide excellent value, be it through a one-time purchase or a subscription model.
  • We considered the availability of reliable customer support and training resources as vital for troubleshooting and user education.
  • We favored apps with the ability to integrate seamlessly with other tools and software, enhancing overall business efficiency.
  • Security of customer and business data was non-negotiable in our assessment.
  • We valued apps offering customization options to suit varied business needs.
  • User reviews and community feedback were considered to gauge the app’s performance and reliability.
  • We noted whether apps could function effectively offline, a useful feature in areas with limited internet access.
  • We looked for apps capable of scaling with a business, accommodating more features or users as required.

These factors are specifically tailored to meet the demands of plumbing businesses, ensuring that the app you choose not only assists in daily operations but also contributes to business growth and customer satisfaction.

Best Reference Apps for a Plumbing Business

The plumbing industry has many good choices when it comes to apps. Some of the better ones have free resources. Even the best free apps can help streamline your business.

1. Plumbing Formulator App

As the name suggests, the Plumbing Formulator has formulas for plumbers. One hundred and twenty of them.

Great for tradespeople looking to stay in line with a uniform plumbing code. And an international plumbing code and national standard plumbing code.

Some of the formulas include water flow, numbers on plastic piping, and water velocity

Dozens of plumbing charts are added. It’s updated to stay on top of major plumbing codes. It’s easy to use and even useful offline. And the constant updates make it useful for plumbing businesses of all sizes.

business plan in plumbing

2. Copper Tube Handbook

The Copper Development Association produced this, making it a reputable app with positive community feedback. It’s great for plumbers using copper piping systems.

Built for the iPad and free for the first 10,000 users.

3. Electrical Wiring Lite

Plumbers need to wear several trades hats. For example, plumbing engineers should know basic electrical wiring to steer clear of issues. This is an easy-to-use app that can help plumbers in this area.

business plan in plumbing

4. Pipe Trades Pro Calculator

Pipe trades pro is one of the better reference plumbing apps, with plenty of useful features and a user-friendly interface. Worth the money from the Google Play store at $24.99. Solves pipe design and layout issues that plumbers face on a daily project-by-project basis. This is a practical product that can help with the day-to-day of working as a plumber.

business plan in plumbing

5. Pipe and Fitting

Full of technical data that helps on job sites. Provides info like pipe size numbers, pipe material specs, and pipe calculations. Important joining methods are included too.

A good way to see any job through to completion is having the right resources. This app includes important information on things like gasket and pipe flange dimensions. You can save money on any plumbing project by having this kind of information at your fingertips. It can even be useful offline and for businesses of any scale.

6. EasyMeasure

This is one of the best plumbing apps on Google Play. Measure objects are seen through the camera of any Android device without a ruler or tape measure thanks to the advanced features of this app.

This product replaces a tape measure in more ways than one. For example, measurements taken can even determine the width and height of an object. Plumbers can take advantage of a 3-D augmented reality grid.

There are some other excellent features plumbers should know about. Like the ability to share different results on Twitter, Facebook, or by email. That’s an excellent add-on for remote work that needs to order parts and types from a central location.

business plan in plumbing

7. Bubble Level

Plumbing contractors take note. Designed for Android devices, this app is simple to use, accurate and handy. Moreover, features such as a tilt indicator will work well for your plumbing business. It’s cheap too, with a price tag of $1.99 to $2.99.

This is an important app for plumbers who are joining pipes together. They need to make sure the water is flowing the right way.

business plan in plumbing

Best Business Plumbing Apps

The best plumbing apps also help people in the trade to run their businesses efficiently. Here are a few that will help with business operations.

8. QuickBooks for Plumbers

Lots of features here that will help you when you have multiple jobs.

Send and track invoices and take pictures of receipts for invoices.

This is a good business app that covers iOS and Android devices.

This is a great product for invoicing because it includes many useful features and an easy interface. You can accept mobile payments and online payments as well as credit cards and cash.

9. FieldEdge

This is a fitting app when you need to do a lot of scheduling . It includes great features like the ability to sync to Quickbooks. Another one of the business apps with a mobile CRM option.

This software offers a number of different features that are unique. One matches up your marketing spend to sales revenue to see how many prospects you’re actually converting.

If you have a small plumbing business, you can get a snapshot of company financials with this software.

business plan in plumbing

10. Connecteam

This app calculates a few different things. The free trial includes an equipment inspection checklist. Never lose another tape measure. Free trial and a basic plan at $39 monthly.

Manage the tasks that you assigned to employees with this software. There is also an HR and people management widget as well as an employee time clock.

Manage a customer list in one user-friendly interface. New customers to your plumbing contracting business can book through your Facebook page.

Plumbers can take advantage of the one-on-one coaching service this software offers. It’s unlimited and offered through email, phone, and live chat.

12. ServiceTitan

This is one of the best apps with tons of useful business features. Set up flat rates for your plumbing business. Integrated processing so your bank account and payroll line up.

business plan in plumbing

Handy Mobile Apps for Plumbing Contractors

A Handy Plumbing app makes life easier for those running plumbing businesses. And those looking for these skilled experts. This app covers over 30 international cities.

Here are some other apps for plumbers that make a difference.

13. Code Snap UPC

Good apps for plumbers need to be specific. This one offers many plumbing charts and costs $7.99 for iOS users. This essential reference guide is great for national electrical code standards. And various plumbing systems design tables.

Good apps for plumbers need to include features that work on the job site. This one has payments and invoicing. Plus streamlined quoting.

15. Knowify

One of the best plumbing apps for commercial plumbers. Get project management and excellent reporting.

business plan in plumbing

16. Commusoft

Put together custom estimates right from the job site. Include pipe layouts and other parts for any given plumbing system. This one syncs in real-time with your mobile device and tablets.

Comparison of Best Reference Apps for a Plumbing Business

What follows is a convenient overview of the best reference apps tailored for plumbing businesses:

How to Choose the Best Plumbing App for Your Business

how to choose the best plumbing apps

Each plumbing business might need a different app. There’s more to getting one that works than just a user-friendly interface. Here are some tips to get the one that suits your enterprise.

Look For Automation

A good app needs to automate business processes and workflows. Look for one that can manage and schedule times and locations.

Automation can help your plumbing business in several different ways. It can improve transparency and accountability and make data recording more accurate at the same time.

Look For Upgrades

Like a pro version that can create field estimates. And proposals with options and pictures. The upgrades might cost a little more, but they’re worth it.

For example, one that has a sales component is a good idea. Look for something that can send quotes to new prospects in your area.

Finding an upgrade that asks for online reviews takes care of some of the marketing.

Look For Compatibility

Technical data is important. To get numbers on room dimensions, wall thickness, etc. But the app should be able to sync with others . Like route4me route planner.

There’s also a financial aspect you need to look at. Compatibility should include other apps like Quickbooks.

What is the best plumber app?

Best plumbing apps - housecall pro

Looking for the best app for your plumbing business? Housecall Pro checks all the boxes .

Get this one on Android and iOS. There’s a free trial. What separates this from the competition are the features that you can get.

It accepts credit cards on the go and you can dispatch and schedule jobs. You can also take advantage of other great features like the ability to create and send updated invoices.

Runner up is The Plumbing Formulator if you’re looking for a resource.

What is the best free plumbing app?

Free apps don’t always have all of the same features. But they can help get jobs done for people working in the pipe trades.

The best one is ServiceTitan Mobile. This free app can be found on Android and iOS.

There are lots of features like tiered estimates. This is important when you’re putting together estimates in the field on bigger jobs.

Finally, maybe plumbing isn’t for you. If that’s the case, check out these other service business ideas .

Image: Depositphotos

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How to Network Like a Pro in 2024 Networking is a personal exercise in sharing your stories and ideas and active listening with a dash of vulnerability.

By Julie Lokun, JD • Jan 2, 2024

Key Takeaways

  • The post-pandemic has left a large section of business people hungry for more face-to-face interaction.
  • In 2024, digital networking will be essential to any networking strategy. Your best qualities must be transmuted on video.

Opinions expressed by Entrepreneur contributors are their own.

Networking looks different this year than at any other time in the history of the business universe. We can engage in new business relationships with the push of a button. From joining MeetUps to engaging in social audio to live streaming, we, as entrepreneurs, can build our online reputation with little effort. Networking in 2024 will be efficient and modernized — yet it will remain the same. We must understand where powerful connections lie and how to present ourselves in a digital world.

While the platforms differ, connection and engagement are crucial to growing a business. While new tools and technology are being lobbed at us left and right, the truth is the most powerful thing we have as business owners is building relationships that matter.

Related: 8 Tips Introverts Need to Start Networking Like a Pro

Building relationships on social media

I know I may receive kickback for this next comment, but, in my opinion, the past decade has been seeped in a collective attempt to brainwash us. We are fed the notion that social media is the way to make it big in business. Social media is the lowest-hanging fruit for most of our competitors. Social media provides democratized access to potential audiences. The problem is that you have to pay to play in most situations. These platforms' algorithms do not allow average businesses to get in front of their desired avatar unless they invest money.

Think about the last time you spent money directly from a post on social media. What were the factors that led you to make the purchase ?

In most cases, it was because of one of the following factors:

  • You were referred to the product or service,
  • You knew the service provider or product provider personally,
  • You engaged in an impulsive buy,
  • You follow and respect an influencer marketer,
  • You were transfixed by the repetition of paid ads and testimonials.

While social media is necessary, it cannot be your only connection to a potential networking opportunity. Social media is a powerful tool to build your overall brand reputation because it offers a high domain authority. However, you do not own any of the content that you post on any of the sites like Instagram, Facebook, X (Twitter), LinkedIn or TikTok . If social media is the cornerstone of your business growth strategy, you must focus on engagement. Without authentic communication and engagement, social media is an exercise in futility.

Related: Unlocking the Power of LinkedIn: How Entrepreneurs Can Leverage the Platform for Growth and Success

The networking pitch

Do you know how to articulate your brand, product or service in two sentences? Would the sharks on Shark Tank invest millions of dollars in your idea? Before you walk into any networking space, be confident you can answer this question, "What do you do?" This open-ended question is the typical icebreaker in any networking situation. If you cannot answer this question, ask yourself this:

  • What product or service do you offer?
  • How are you different than anyone else?
  • What problem do you solve?

Networking is a personal exercise in sharing your stories and ideas and active listening with a dash of vulnerability. There is nothing as offputting as someone who walks into a room, pitches their brand, and is on to the next person. The opposite approach, which offers value at a networking event, can create more business opportunities. When we expect immediate returns in a networking conversation, our expectations will not be met.

In 2024, digital networking will be essential to any networking strategy. Your best qualities must be transmuted on video, and you confidently present yourself . Optics are everything. Understand that your body language is everything. Arms crossed, it suggests that you are closed off to ideas. Eyes looking left and downward suggest you are sharing untruths.

Related: How to Tell If Someone Is Manipulating You Based on Their Body Language

My go-to platform for online networking is MeetUp . Meet-ups have been around for a long time, and many businesses have been built on the power of consistent, interactive meetings. Chirs Krimitsos, the founder of Podfest, a conference for Podcasters, began his business at a local Denny's in Florida. He met with podcast enthusiasts on a regular basis, and now his business and conference are two of the largest in the country. The one thing I love about holding MeetUp is that the platform does all the marketing for me. When I schedule a meeting, the MeetUp platform algorithms promote my events and send participants my way.

Live networking

The power of live networking events is super powerful. The post-pandemic has left a large section of business people hungry for more face-to-face interaction. This year, I scoured the internet for conferences in which I could create powerful connections. VeeCon, the annual conference hosted by Gary Vaynerchuk , was oozing with entrepreneurs and creatives who were hungry for the handshake. I left that conference with a dozen powerful connections that grew into collaborations and partnerships.

Carve out a budget to attend a live conference in 2024. Or better yet, start your live networking event. You can network wherever you go. The library is a great place to offer value or start your own networking event. Create your own live MeetUp, and find a local venue to meet and greet. The options are endless — and the rewards are exponential.

Entrepreneur Leadership Network® Contributor

Founder Of The Mediacasters

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Jack Ma's Alibaba was once China's answer to Silicon Valley giants – but its turnaround plan appears to be in trouble

  • Alibaba might not be Asia's top tech company anymore.
  • The Chinese giant founded by Jack Ma is struggling to restructure, the Financial Times reported.
  • Its problems mean Alibaba, once worth more than $800 billion, may be vulnerable to hungry rivals.

Insider Today

At the start of the decade, Alibaba was crowned Asia's most valuable company – but it now appears to be in crisis mode.

The Chinese internet giant founded by billionaire Jack Ma has struggled to retain its status as the region's top tech firm amid a huge restructuring effort, the Financial Times reported , citing company insiders and analysts.

Alibaba, worth more than $800 billion at its peak during the pandemic, is akin to China's version of Amazon. It operates a number of digital marketplaces, such as Tmall and Taobao , for buyers and sellers to exchange goods.

The company has grown to become much more than that. Its leaders oversee a sprawling conglomerate involving everything from cloud and logistics divisions to entertainment and delivery services.

However, growing power has brought with it growing regulatory pressure from Beijing. In 2021, Alibaba the company was fined a record $2.8 billion in an antitrust probe.

In March 2023, Alibaba announced a radical restructuring program that would see it split into six businesses led by separate CEOs amid the increased scrutiny. That has not gone according to plan, the Financial Times report suggests.

One employee told the outlet that many Alibaba staff "do not know what has and has not split," leading to confusion "until they've been fired after their business unit has been spun off."

Others suggested that employees working at loss-making units were petitioning leaders not to spin off their operations.

Signs that Alibaba's restructuring program was not going according to plan first emerged in November. When announcing earnings for the three months to September, the company said it was no longer fully spinning off its cloud arm.

It cited a "recent expansion of US restrictions on export of advanced computing chips" as having created uncertainties.

Preoccupations with the restructuring plan have also got in the way of Alibaba's efforts to see off competitors to its domestic e-commerce business. Beijing-based consultant Duncan Clark pointed out rivals such as TikTok sister company Douyin and PDD as threats.

Alibaba did not immediately respond to Business Insider's request for comment, made outside regular working hours.

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Watch: Here's How People In China Are Reacting After Alibaba's Jack Ma Left Hong Kong In The Dust

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Watch CBS News

Ready to mark your calendar for 2024? Dates for holidays, events and games to plan ahead for

By Aliza Chasan

Updated on: January 2, 2024 / 10:03 AM EST / CBS News

Now that they holidays are behind us and many people are back at work and school, planning for the new year is in full swing.  Here is a list of 2024 holidays, special events, big games, cultural milestones and other key dates to mark on your calendar:

2024 federal holidays

  • New Year's Day  - Monday, Jan. 1
  • Martin Luther King Jr. Day - Monday, Jan. 15
  • Washington's Birthday / Presidents Day - Monday, Feb. 19
  • Memorial Day - Monday, May 27 
  • Juneteenth - Wednesday, June 19
  • Independence Day - Thursday, July 4
  • Labor Day - Monday, Sept. 2
  • Columbus Day / Indigenous People's Day - Monday, Oct. 14
  • Veterans Day - Monday, Nov. 11
  • Thanksgiving - Thursday, Nov. 28
  • Christmas Day - Wednesday, Dec. 25

2024 non-federal holidays

  • Groundhog Day - Friday, Feb. 2
  • Chinese New Year - Saturday, Feb. 10
  • Mardi Gras - Tuesday, Feb. 13
  • Valentine's Day - Wednesday, Feb. 14 
  • Ash Wednesday - Wednesday, Feb. 14
  • Ramadan - (tentative date) evening of March 10 through April 8
  • St. Patrick's Day - Sunday, March 17
  • Nowruz - Wednesday, March 20 (date varies depending on location)
  • Holi - Monday, March 25
  • Good Friday - Friday, March 29
  • Easter Sunday - Sunday, March 31 
  • Passover - evening of Monday, April 22 through April 30
  • Cinco de Mayo - Sunday, May 5
  • Mother's Day - Sunday, May 12
  • Flag Day - Friday, June 14 
  • Father's Day - Sunday, June 16
  • Halloween - Thursday, Oct. 31
  • Diwali - begins Friday, Nov. 1
  • Christmas Eve - Tuesday, Dec. 24
  • Hanukkah - evening of Wednesday, Dec. 25 through Thursday, Jan. 2
  • Kwanzaa - Thursday, Dec. 26 through Jan. 2
  • New Year's Eve - Tuesday, Dec. 31

2024 major sports events

  • Super Bowl - Sunday, Feb. 11
  • NBA All-Star Game - Sunday, Feb. 18
  • Daytona 500 - Sunday, Feb. 18
  • Major League Baseball Opening Day - Thursday, March 28
  • Boston Marathon - Monday, April 15
  • Kentucky Derby - Saturday, May 4
  • Preakness Stakes - Saturday, May 18
  • Belmont Stakes - Saturday, June 8
  • Major League Baseball All-Star Game - Tuesday, July 16
  • Summer Olympics in Paris - Friday, July 26 through Sunday, Aug. 11
  • New York City Marathon - Sunday, Nov. 3

2024 awards shows

  • Golden Globe Awards  (on CBS) - Sunday, Jan. 7
  • Emmy Awards - Monday, Jan. 15
  • Grammy Awards  (on CBS) - Sunday, Feb. 4
  • Academy Awards - Sunday, March 10
  • CMT Awards (on CBS) - Sunday, April 7
  • Tony Awards (on CBS) - Sunday, June 16

More 2024 dates to know

  • Leap Day - Thursday, Feb. 29
  • Daylight Saving Time  starts - Sunday, March 10 
  • Spring starts (vernal equinox) - Tuesday, March 19
  • Total solar eclipse - Monday, April 8 
  • Tax Day - Monday, April 15
  • Met Gala - Monday, May 6
  • Summer starts ( summer solstice ) - Thursday, June 20
  • Fall starts (autumnal equinox) - Sunday, Sept. 22
  • Daylight Saving Time  ends - Sunday, Nov. 3
  • Winter starts ( winter solstice ) - Saturday, Dec. 21

Full list of major 2024 dates

  • New Year's Day - Monday, Jan. 1
  • Presidents Day - Monday, Feb. 19
  • Daylight Saving Time starts - Sunday, March 10 
  • Columbus Day / Indigenous Peoples' Day - Monday, Oct. 14
  • Daylight Saving Time ends - Sunday, Nov. 3
  • Election Day - Tuesday, Nov. 5

Aliza Chasan is a digital producer at 60 Minutes and CBSNews.com. She has previously written for outlets including PIX11 News, The New York Daily News, Inside Edition and DNAinfo. Aliza covers trending news, often focusing on crime and politics.

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COMMENTS

  1. Plumbing Business Plan Template & How-To Guide [Updated 2024]

    Your plumbing business plan is a living document that should be updated annually as your company grows and changes. Sources of Funding for Plumbing Businesses With regards to funding, the main sources of funding for a plumbing business are personal funds, credit cards, bank loans and angel investors.

  2. Plumbing Business Plan Template (2024)

    Perfect Plumbing LLC is currently seeking $425,000 to launch. The funding will be dedicated to the office build out, purchase of initial supplies, working capital, marketing costs, and startup overhead expenses.

  3. Plumbing Business Plan: Complete Guide

    A business plan is an essential and comprehensive guide for starting a successful plumbing business. This plan will act as a roadmap, guiding you through the ups and downs of running a successful plumbing business. It outlines goals, strategies, operations, and financial plans to keep the business organized and on track.

  4. How to Start a Plumbing Business in 10 Steps

    We all make mistakes, but making a mistake on plumbing could cost your client a lot of money down the line. Keep honesty and integrity at the forefront of your operation, and you should be good to go. 10. Collect Reviews and Testimonials. Part of building your business requires gaining trust in your community.

  5. What to Include in a Plumbing Business Plan [& Free Template]

    A business plan for a plumbing business is a comprehensive document that outlines all aspects of the company's operations, goals, strategies, and financial projections. It serves as a roadmap for the business owner and potential stakeholders by detailing step by step how the business will be structured, managed, and grown.

  6. How to create a plumbing business plan

    A plumbing business plan is a strategic document that outlines the goals, objectives, strategies and operational details of a plumbing company. It serves as a roadmap for starting a business in the plumbing industry, guiding entrepreneurs through the process of establishing and managing their enterprise.

  7. The #1 Plumbing Business Plan Template & Guidebook

    1. Describe the Purpose of Your Plumbing Business. The first step to writing your business plan is to describe the purpose of your plumbing business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers' problems.

  8. How to Create a Business Plan for a Plumbing Company

    Strategic Planning Your plumbing business plan is your roadmap to success. Without it, your company will struggle to stand out and attract the right customers. But with a clear business plan, you have a clear path to follow. A path with markers that help you nail every aspect of running a thriving plumbing business.

  9. How to Start a Plumbing Business in 2023 (In-depth Guide)

    Here is the 10-step process to start your plumbing business. 1. Create a business plan. The first important thing to starting a new business is to have a strong business plan. The plumbing business plan should include the business name, the business (company) structure, and the business goals. If you are planning to operate a new plumbing ...

  10. Plumbing Business Plan Template (2023)

    Plumbing Business Plan Are you thinking of starting a Plumbing business? We have prepared a solid plumbing business plan sample that guides you on every stage of your business plan writing. Download Template Create a Business Plan

  11. 2023 Guide: Launching a Successful Plumbing Business

    Step 1: Decide if the Business Is Right for You Your journey towards becoming a top plumbing business owner starts by grasping the ins and outs of the industry. Pros and cons When you're in startup mode, it makes perfect sense to know the pros and cons of owning a plumbing service. Pros Low startup costs High customer retention

  12. Free Plumbing Business Plan Template + Example

    1 million businesses. Download a free plumbing business plan template with SBA-approved format. Includes pre-filled examples and step-by-step guides for a successful start.

  13. Plumbing business plan template (free download)

    A plumbing business plan template is a single document of your business goals. It helps you lay out a plan for how you will finance and build your plumbing business. Business plans can be used for seeking loans, investments, or other financing help for the business. It's a guide for starting your plumbing business and help you take a look at ...

  14. How to write a business plan for a plumbing company?

    Why write a business plan for a plumbing company? What information is needed to create a business plan for a plumbing company? What goes in the financial forecast for a plumbing company? What goes in the written part of a plumbing company business plan? What tool can I use to write my plumbing company business plan?

  15. Plumbing Business Plan Sample [Update 2024]

    Are you planning to start plumbing business? The plumbing industry in the U.S. has been on an upward trend for the last decade. In 2009, plumbing revenue in the U.S was approximately 100 billion dollars. Professional plumbing is a key subcontracting industry that is important for both residential and non-residential buildings.

  16. Plumbing Business Plan

    Strategy and Implementation Summary. Water Tubes will first increase visibility through networking activities. Don will leverage his years as a local plumber working for a larger company. Once Water Tubes has developed visibility, they will highlight their competitive advantages of professionalism and trim quality with a test project for the ...

  17. Plumbing Business Plan

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