When I moved here, it was always in the back of my mind that my brother and I would start our of general contracting business. After I got a chance to dig into the scene here, I got a handle on a couple things. Sub contractors can make some serious cash here, and not have to deal with asshole billionaire attitudes.
There are only 3 fire suppression (think sprinkler systems) in like 150 miles. They have guys coming from Denver (3.5hrs away) and pay them per diem and union rates because those 3 companies can't handle the load here. I've been meeting with the state since the early spring. The barrier of entry is tough, because of the registrations and certifications to get into the business. I wrote the business plan over the summer and finished it up about 3 weeks ago. My brother and I were in the final throws of getting this business set up and registered. The one issue we've been having heartburn about, is you have to have a RME (Responsible Managing Employee), or a NICET level 3, or fire system professional engineer on staff. For the RME, it could just be a registered sprinkler fitter, like a journeyman and it takes 8000hrs field experience and passing a test to get there.
I am staring the NICET training right after the first of the year, my brother is going to register as an apprentice. The problem being, is it's going to be about 4 years for each of us to get our certs. So, we just figured we'd have to poach a registered fitter from another company. No biggie, but that's tough to gauge who you'd get, and if he quits, your pretty much screwed.
Got a gift dropped into my lap. I was chatting this idea up with an architect 3 weeks ago. She said..."well, why don't you call this guy. I know he's rather close to retirement." I'd never heard of this guy, there is a 4th company around here, he must be small. Huh. I had her contact him and facilitate a meeting. So, I called him up to see if he wanted to meet for a beer. I wasn't expecting much...How could you not be going gang busters in this climate? It's a very busy time here. Turns out, he has just been winding down since his wife retired 9 months ago. He still has like 5-6 jobs on the books coming up.
Muther ####er did this turn out to be a good meeting. He wants to sell out and retire. We are getting all his existing business, tooling, equipment, and 2 trucks for a paltry sum. He is also agreeing to go under contract for 12months to get us off the ground, and was agreeable to not leave until another RME registered fitter is on board. We met with him again last night to look at all his tooling, equipment, trucks, etc.
I called the lawyer today, getting paperwork drafted. Getting the LLC set up also today as well. Wish us luck!
Edited by AspenLeif, 15 December 2017 - 02:53 PM.