A concrete pumping business is a business that is involved in the pumping of mixed concrete on construction sites, it offers support in the construction industry with the aid of concrete pumps. Concrete pumping is the transporting of a freshly mixed batch of concrete to a specific location on a site.

Concrete pumping is an essential element of any project involving concrete because it moves the mixed concrete around the project site quicker than when a human is trying to push a wheelbarrow manually.

Data shows that the concrete pumping market size was valued at $3,800.0 million in 2019, and is projected to reach $4,853.2 million by 2027, registering a CAGR of 4.0% from 2020 to 2027. The global concrete pump market is projected to grow from $4.74 billion in 2021 to $6.61 billion in 2028 at a CAGR of 4.9% in the forecast period, 2021-2028.

Steps on How to Start a Concrete Pumping Business

  1. Conduct Market Research

The first step to start a concrete pumping business is to develop market-based research questions in line with your overall business goal and objective. This could help you to source information that will help you maximize your business, operate your concrete pumping business with less stress, and of course, build the business to profitability.

a. Who is the Target Market for Concrete Pumping Business?
  • Construction contractors
  • General contractors
  • Government works department
  • Mining companies
  • Construction companies
b. Is Concrete Pumping Business a Profitable Business?

Yes, the concrete pumping business is very profitable. There are countless ongoing government and private construction projects that require the services of concrete pumping companies. The global concrete pump market is projected to grow from $4.74 billion in 2021 to $6.61 billion in 2028.

c. Are There Existing Niches in the Industry?

No. There is no niche area in the concrete pumping business because the concrete pumping business is a niche area in the construction industry.

d. Who are the Major Competitors?
  • Pumpcrete USA Concrete Pumping
  • Alliance Concrete Pumps Inc
  • American Concrete Pumping Co
  • Keim Concrete Pumping Inc
  • Howard Concrete Pumping Co Inc
  • Elite Concrete Pumping & Finishing
  • Champion Concrete Pumping Inc
  • HI-TECH Concrete Pumping
  • Adonel Concrete Pumping
  • Bartley Concrete Pumping
  • Lopez Concrete Pumping
  • George’s Concrete Pumping
  • Burbidge Concrete Pumping
  • Brundage-Bone Concrete Pumping
  • Solid Ground Concrete Pumping
  • Jernigan Concrete Pumping Inc
  • SKYLINE CONCRETE PUMPING, INC
  • Ashmore Concrete Pumping – Augusta
  • American Concrete Pumping Inc
  • Howard Concrete Pumping Co Inc
e. Are There County or State Regulations or Zoning Laws for Concrete Pumping Business?

No. There are no county or state regulations or zoning laws for concrete pumping businesses, but players in the industry are expected to work with existing regulations governing similar businesses in the county where their business is domiciled.

f. Is There a Franchise for Concrete Pumping Business?

No, there are no franchise opportunities for the concrete pumping business.

g. What Do You Need to Start a Concrete Pumping Business?
  • A Feasibility Report
  • Business Plan
  • Licenses and Permits
  • EIN (Employer Identification Number)/Federal Tax ID Number
  • A Corporate Bank Account
  • Equipment (Concrete Pumps) and Utility trucks
  • Commercial Driver’s License (CDL) (at least a Class B CDL)
  • IRP Plates
  • Employees
  • Startup Capital
  1. Choose a Memorable Business Name

When looking to start a business, before you can begin to file the necessary documents with the constituted authorities or start your website, it is necessary that you come up with a name that you will be recognized with. It is essential that the name you come up with can easily be pronounced, is unique and easily memorable.

Some of the catchy business name ideas suitable for a concrete pumping business are;

Creative Concrete Pumping Business Name ideas
  • Mack Pearson© Concrete Pumping Company, Inc.
  • Donald Drucker® Concrete Pumping Company, Inc.
  • Jason Macel© Concrete Pumping Company, Inc.
  • Go Shovel® Concrete Pumping Company, Inc.
  • Cist Team™ Concrete Pumping Company, Inc.
  • Anthony Lawson™ Concrete Pumping Company, LLC.
  • James Kingston© Concrete Pumping Company, LLC
  • Theo Maghreb® Concrete Pumping, Inc.
  • Allen Victory© Concrete Pumping, Inc.
  • Luke Wyclef© Concrete Pumping, Inc.
  • Tony Morgan® Concrete Pumping, Inc.
  • Construct Group® Concrete Pumping, Inc.
  • West Coast® Concrete Pumping, Inc.
  • The Base® Concrete Pumping, Inc.
  • Silver Pipe® Concrete Pumping, Inc.
  • Red Berret© Concrete Pumping, Inc.
  • Titans and Co™ Concrete Pumping, LLC
  • Chicago City® Concrete Pumping, Inc.
  • Bally White® Concrete Pumping, Inc.
  • Emma Braithwaite™ Concrete Pumping, Inc.
  1. Register Your Business

a. What Type of Business Structure is Best for Concrete Pumping Business?

Although there are some options when it comes to the business structure of a concrete pumping business, the one that most players in this line of business consider is an LLC. It is common to consider an LLC because providers want to protect themselves from lawsuits.

In regards to that, an LLC will need an EIN if it has any employees or if it will be required to file any of the excise tax forms listed below.

b. Steps to Form an LLC
  • Choose a Name for Your LLC.
  • File Articles of Organization.
  • Choose a registered agent.
  • Decide on member vs. manager management.
  • Create an LLC operating agreement.
  • Comply with other tax and regulatory requirements.
  • File annual reports.
c. What Type of License is Needed to Open a Concrete Pumping Business?
  • General Business License
  • Commercial Driver’s License (CDL) (at least a Class B CDL)
  • IRP Plates
  • Zonal Permits
  • Signage Permit
  • Operational State Facility Inspections for your parking
d. What Type of Certification is Needed to Open a Concrete Pumping Business?

No certification is required to operate a concrete pumping business.

e. What Documents are Needed to Open a Concrete Pumping Business?

Some legal documents you are required to have if you want to legally run a concrete pumping business in the United States of America are;

  • DBA
  • EIN
  • Business and liability insurance
  • Federal Tax Payer’s ID
  • State Permit and Building Approval (For your parking)
  • Certificate of Incorporation
  • Commercial Driver’s License (CDL) (at least a Class B CDL)
  • IRP Plates
  • Business License
  • Business Plan
  • Employment Agreement (offer letters)
  • Operating Agreement for LLCs
  • Insurance Policy
  • Online Terms of Use
  • Online Privacy Policy Document
  • Contract Document
  • Company Bylaws
  • Memorandum of Understanding (MoU).
f. Do You Need a Trademark, Copyright, or Patent?

If you are considering starting a concrete pumping business, you may not have any need to file for intellectual property protection or trademark. This is because the nature of the business makes it possible for you to successfully run the business without having any cause to challenge anybody in court for illegally making use of your company’s intellectual properties.

  1. Cost Analysis and Budgeting

a. How Much Does It Cost to Start a Concrete Pumping Business?

The startup cost of starting a concrete business range from $80,000 to $200,000 or more depending on how much equipment the business owner decides to purchase. This amount includes the salaries of all the staff for the first month of operation.

b. What are the Costs Involved in Starting a Concrete Pumping Business?
  • The total fee for registering a business in the United States of America is $750.
  • Legal expenses for obtaining licenses and permits as well as the accounting services total – $1,200.
  • Marketing promotion expenses (2,000 flyers at $0.04 per copy) for the total amount of $80.
  • The cost for hiring a business consultant (writing of business plans inclusive) is $4,500.
  • Insurance (general liability, workers’ compensation, and property casualty) coverage at a total premium – $12,400.
  • The cost of logistics software, accounting software, CRM software, and Payroll Software – $1,500
  • The cost for leasing a facility (long-term lease agreement) – $105,600.
  • The cost for facility remodeling and installations – $20,000.
  • The cost for the purchase of concrete pumping trucks: $100,000
  • Other start-up expenses including stationery – $500
  • Phone and utility deposits will cost – ($2,500)
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $50,000
  • The cost for store equipment (cash register, security, ventilation, signage) – $3,150
  • The cost for the purchase of office furniture and gadgets (Computers, Printers, Telephone, TVs, tables, and chairs et al) – $8,000.
  • The cost of launching an official website – $600
  • Miscellaneous: $2,000
c. What Factors Determine the Cost of Opening a Concrete Pumping Business?
  • The type of concrete pumping trucks
  • The Choice of Location
  • The Required Licenses and Permits
  • The Additional Services Offerings
  • The Cost for Branding, Promotion, and Marketing of the Concrete pumping business
  • The Cost of furnishing and equipping the Concrete pumping business
  • The Cost for Insurance Policy Covers
  • The Cost for Registering the Business
  • Source of Your Supplies and Ongoing Expenses
  • Cost of Recruiting and Training Your Staff
  • The Cost of the Purchase and Customizing of Uniforms
d. Do You Need to Build a Facility? If YES, How Much Will It Cost?

No. You don’t need to build a facility for your concrete pumping business because you are expected to go out in the field to offer your services. You may just decide to lease a parking and storage facility for your trucks, working tools, and equipment.

e. What are the Ongoing Expenses of a Concrete Pumping Business?
  • Gas and lubricants
  • Utility bills (internet subscriptions, phone bills, signage, and software renewal fees et al)
  • Trucks maintenance
  • Insurance
  • Marketing costs
  • Salaries of employees
f. What is the Average Salary of your Staff?
  • Chief Executive Officer (Owner) – $45,000 per year
  • Accountants (Cashiers) – $28,000 per year
  • Concrete Pumping Truck Driver – $28,150 per year
  • Concrete Pump Operation – $23,000 per year
g. How Do You Get Funding to Start a Concrete Pumping Business?
  • Raising money from personal savings and sale of personal stocks and properties
  • Raising money from investors and business partners
  • Sell shares to interested investors
  • Applying for a loan from your bank/banks
  • Pitching your business idea and applying for business grants and seed funding from the government, donor organizations, and angel investors
  • Source for soft loans from your family members and your friends
  1. Write a Business Plan

a. Executive Summary

Donald Drucker® Concrete Pumping Company, Inc. is an international concrete pumping company that has its headquarters in Grand Rapids, Michigan – USA. The fact that they are based in the United States does not restrict their scope of operations to the United States of America.

They are an international concrete pumping company and they work for their clients in any part of the world. Donald Drucker® Concrete Pumping Company, Inc. will specialize in concrete pumping in the construction of skyscrapers, bridges, stadiums, roads, dams, office complexes, shopping malls, schools, campuses, estates et al.

b. Products and Service
  • Concrete driveway building, concrete footings, concrete repairs, and construction cleanup
  • Concrete resurfacing, flooring, boom pump, commercial floors, concrete pumping, custom paint, and line pump
c. Mission Statement

Our mission is to establish a concrete pumping business that will create a standard of excellence in the industry. We want to grow our concrete pumping business to be listed amongst the top 10 concrete pumping businesses in the United State within the first 5 years of launching the business.

Vision Statement

The vision is to establish a standard and world-class concrete pumping business that will be the best concrete pumping services company in the United States of America.

d. Goals and Objectives

The goals and objectives of the concrete pumping business are to provide support services in construction projects that involve transporting freshly mixed batches of concrete to a specific location on a site.

e. Organizational Structure
  • Chief Executive Officer (Owner)
  • Accountants (Cashiers)
  • Concrete Pumping Truck Driver
  • Concrete Pump Operators

Marketing Plan

a. SWOT Analysis
Strength:
  • Excellent operational history
  • Attention to detail
  • Accurate estimates with no hidden costs
  • Experience and trained professionals
  • Excellent customer testimonials
  • Reliable and efficient concrete pumping trucks and service
Weakness:
  • Not enough existing clientele to run at full capacity immediately
  • The owner is new to large-scale marketing
  • The owner is currently running the business solo
  • Lack of economies of scale
Opportunities:
  • Growing construction activities in the United States
  • Build upon existing clientele
  • Online market, new services, new technology, and the opening of new markets
Threat:
  • Loans diminish profitability until they are paid off
  • The first year will be financially tight while we gain customers and pay off loans
  • Competition in the area could increase
  • Management of employees requires time, money, and efforts
  • The regulating department could change its regulatory status and decide to enforce strict regulations that can strangulate new businesses.
b. How Do Concrete Pumping Companies Make Money?

A concrete pumping services business makes money by charging clients for the following services;

  • Concrete driveway building, concrete footings, concrete repairs, and construction cleanup
  • Concrete resurfacing, flooring, boom pump, commercial floors, concrete pumping, custom paint, and line pump
c. Payment Options
  • Payment via bank transfer
  • Payment with cash
  • Payment via credit cards
  • Payment via online bank transfer
  • Payment via check
  • Payment via mobile money transfer
d. Sales & Advertising Strategies
  • Introduce your concrete pumping business and the services your offer by sending introductory letters alongside your brochure to construction companies, the government, and other key stakeholders throughout the city where your concrete pumping business is located
  • Advertise on the internet on blogs and forums, and also on social media like Twitter, Facebook, and LinkedIn to get your message across
  • Create a basic website for your business to give your business an online presence
  • Directly market your services
  • Provide discount days for your customers
  • Advertise your business in community-based newspapers, local TV and radio stations
  • List your business on yellow pages ads (local directories)
  • Encourage the use of word-of-mouth marketing (referrals)

Financial Projection

a. How Much Should You Charge for your Product/Service?

The amount to charge for your concrete pumping services should depend on some factors. Generally, hourly rates range between $150 and $200.

b. How Much Profit Do Concrete Pumping Business Owners Make a Year?

A concrete pumping business owner usually makes between $35,000 to over a hundred thousand dollars.

c. What Factors Determine the Amount of Profit to Be Made?
  • The capacity of the concrete pumping business
  • The location the concrete pumping business is covering
  • The management style of the concrete pumping business
  • The business approach of the concrete pumping business
  • The advertising and marketing strategies adopted by the concrete pumping business
  • The number of years the concrete pumping facility is in business
d. What is the Profit Margin of a Concrete Pumping Business?

The profit margin of a concrete pumping business is not fixed. It could range from 25 % to 35%.

e. What is the Sales Forecast?

Below is the sales forecast for a concrete pumping business. It is based on the location of the business and other factors as it relates to such startups in the United States;

  • First Fiscal Year (FY1): $320,000
  • Second Fiscal Year (FY2): $480,000
  • Third Fiscal Year (FY3): $600,000
  1. Set Up your Shop/Office

a. How Do You Choose a Perfect Location for Concrete Pumping Business?
  • The demography of the location especially as it relates to players in the construction industry
  • The demand for the services of concrete pumping businesses in the location
  • The purchasing power of residents of the location
  • Accessibility of the location
  • The number of concrete pumping companies in the location
  • The local laws and regulations in the community/state
  • Traffic, parking and security et al
b. What State and City are Best to Open a Concrete Pumping Business?
  • Phoenix, Arizona
  • Fort Smith, Arkansas
  • Lakewood, Colorado
  • Columbus, Ohio
  • Delaware City, Delaware
  • Chicago, Illinois
  • Boston, Massachusetts
  • Los Angeles, California
  • Las Vegas, Nevada
  • Atlanta, Georgia
c. What Equipment is Needed to Operate a Concrete Pumping Business?

These are some equipment needed to operate a concrete pumping business; concrete pumping trucks, working tools, utility trucks, ladders, inventory-management software, and other relevant software applications. In addition, you will need computers/laptops, an internet facility, a telephone, fax machine and office furniture (chairs, tables, and shelves) amongst others and all these can be gotten as fairly used.

  1. Hire Employees

When it comes to hiring employees for a standard concrete pumping business, consider hiring a competent manager (you can occupy this role), accountant, concrete pumping truck drivers, and concrete pump operators.

  1. Launch the Business Proper

In recent times, no concrete pumping company opens its door for business without first organizing an opening party for an official launching of the business. You can choose to do a soft opening party if you are operating on a low budget or you can go for a grand opening party.

With a proper launching of the concrete pumping business, you will be able to officially inform people in your city that your concrete pumping business is open for business.

a. What Makes a Concrete pumping Business Successful?
  • You are on a retainership with the government of your city or state or even the federal government and other construction companies
  • You are generating profits from the business
  • Your customers are happy and satisfied with your services and they are freely recommending your services
  • Your employees are happy and satisfied with the organization
b. What Happens During a Typical Day at a Concrete Pumping Business?
  • When they resume work, the staff or marketing team goes out there to source good business deals.
  • Before a deal is sealed, a concrete pumping company is expected to carry out an inspection of the location, which enables them to know the manpower and equipment to be deployed to the site.
  • Once a deal is sealed, the concrete pumping carries out its job as agreed by both parties.
  • The business is closed for the day.
c. What Skills and Experience Do You Need to Build a Concrete Pumping Business?
  • Ability to pay attention to details
  • Good managerial and human development skills
  • Good accounting and bookkeeping Skills
  • Visionary leadership
  • Team-building & interpersonal Skills
  • Excellent communication and negotiation skills.
  • Organizational skills.
  • Problem-solving ability
  • Good supervisory skills
  • Experience in managing construction-related services business
  • Experience in managing people
  • Experience in business administration
  • Experience in handling different types of concrete pumping trucks, machines, and equipment