We've assembled some useful recommendations on how to go about opening an abandoned tank filling business.
Demand for Abandoned Tank Filling
Many homes that now have oil or gas heat may previously have had oil heating and may have an abandoned oil tank on their premises. While many homeowners may not even realize that they have an abandoned oil tank, there is growing demand for businesses that can either remove or fill the abandoned oil tanks.
What's fueling the demand? (sorry for the bad pun!) Well, in many states, legislation has been passed that requires homeowners that have oil tanks on their premises to either remove them or abandon them in place. Secondarily, whenever a home is sold and there is a property inspection, there's a good chance that the home inspector will note that there is an abandoned oil tank. In this case, the homebuyer and/or their lender will often request that the seller remove or decommission the abandoned heating oil tank. Increasing concerns about the environment will result in increased demand for abandoned tank filling services.
This demand creates an entrepreneurial opportunity for folks like you! You can create an abandoned tank filling company that serves homeowners who want to decommission their abandoned oil tanks. Abandoned tank filling involves filling the tank up with sand, concrete, slurry, or polyurethane foam so that it can never be used again.
There is some special equipment required to launch this business, but it can be a great niche. As long as you keep your equipment and staff busy, you're likely to make some great profits.
Successful Business Plans for Abandoned Tank Filling Businesses
By now, you're probably tired of hearing how important a good business plan is to your abandoned tank filling business startup.
Although it might seem like an unnecessary formality, your abandoned tank filling company's business plan is a document that will shape your goals and strategies on a go-forward basis.
Furthermore, a good business plan will help you avoid key startup mistakes. Lacking a solid business plan, many startups find themselves rudderless and incapable of executing consistent decision making processes, while committed business planners rely on their plans to guide all of their decision making and short-term planning efforts.
Check Out the Competition
Long before you open an abandoned tank filling business in your town, it's essential to determine how strong the competition is. Use the link below to generate a list of competitors in your city. After following the link, enter your city, state and zip code to get a list of abandoned tank filling businesses in your area.
It's important to be aware of what the competition is doing. Take the time to visit the competition to properly assess their strengths and weaknesses.
A Good Source of Advice
If you are seriously contemplating launching an abandoned tank filling business, you really ought to learn from folks who are already in business. Local competitors are not going to give you the time of day, mind you. The last thing they want to do is help you to be a better competitor.
Fortunately, somebody who runs an abandoned tank filling business in a different city may be more than happy to give you a few tips, as long as they don't view you as a competitive threat. Many business owners are happy to give advice to new entrepreneurs If you are persistent, you can find a business mentor who is willing to help you out.
Where do you find an abandoned tank filling business founder outside of your area who is willing to talk?
Simply, try our helpful link below, type in a random city/state or zipcode, and start calling.
Should I Buy or Launch an Abandoned Tank Filling Business?
Unfortunately, many inexperienced abandoned tank filling business entrepreneurs approach ownership with the mistaken idea that a startup is their only option when they could also pursue a business acquisition.
Unless you have compelling reasons to launch a new business, buying an existing abandoned tank filling business may be the better choice.
The good news is that an abandoned tank filling business acquisition is a recognized name and usually comes with a loyal customer base. The key is to locate a business-for-sale that closely matches your ownership philosophy and professional objectives.
Is Franchising the Right Option?
If you want to increase your chances of business success, you should evaluate leveraging the success of an established franchise network.
Before you get too far along in your plan to open an abandoned tank filling business, you would be wise to determine whether franchise opportunities in your space might make it easy to get started.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
These additional resources regarding starting a business may be of interest to you.
If you already are in business and came here to learn about growing an existing abandoned tank filling business, these resources will come in handy:
If you sell to abandoned tank filling businesses, this isn't the right place for you. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.