The dumpster rental business is a booming industry in the United States, with entrepreneurs taking advantage of its potential profits in many different markets. The average profit margin per job for a dumpster rental company is around $500, and with more people taking on renovation projects in their homes, the market is only getting bigger. But which markets are the hottest at the moment? In this post, we’ll take a look at some of the hottest dumpster rental markets in the US and their potential profit margins.
1. Los Angeles, California
Los Angeles remains one of the top cities in terms of both population and commercial activity, creating a strong demand for dumpster rentals among businesses and residents alike. With competition being fairly moderate and the ability to grow your client base quickly, dumpster rental business owners can expect to see significant gains from investing here.
- Average 20-yard dumpster rental charge in this area is between $550 and $800 for up to 10 days
2.San Diego, California
San Diego has become increasingly popular in recent years as a result of its beautiful scenery and the great job market. It’s also home to many large businesses that require dumpster rental services regularly – providing plenty of opportunities for entrepreneurs who want to break into this industry. Furthermore, the rates tend to be higher in this area compared to other states due to the high level of competition and demand.
- Average 20-yard dumpster rental charge in this area is between $550 and $650 for up to 10 days
3. Dallas / Fort Worth, Texas
The DFW area has been experiencing an economic boom lately, resulting in increased construction and development both on residential and commercial levels as well as higher demands for waste management services. Start-up costs for dumpster rental businesses here tend to be on the higher side but you can often make up for them by offering competitive rates or doing more aggressive marketing.
- Average 20-yard dumpster rental charge in this area is between $500 and $600 for up to 10 days
4. Houston, Texas
Houston has a booming residential and commercial sector, which creates a high demand for dumpster rental services in the area. This market may not be as competitive as some of the other big cities, but start-up costs tend to be higher due to the equipment and supplies needed. Entering a less saturated market, however, can ensure that you have less competition and can book more jobs. The more bookings, the higher your profit and the sooner you can pay off any loans you may need to get your business started.
- Average 20-yard dumpster rental charge in this area is between $500 and $650 for up to 10 days
5.Lexington, Kentucky
Kentucky is another great place for entrepreneurs who want to start or invest in a dumpster rental business as it’s one of the fastest growing states when it comes to GDP growth rate and number of jobs added every year. Recently there has been an influx of new businesses being established within Kentucky because of this, providing additional opportunities for those looking to join this lucrative industry.
- Average 20-yard dumpster rental charge in this area is between $400 and $650 for up to 10 days
6.Chicago, Illinois
Chicago is a major metropolitan area that requires efficient waste management services to stay functional, especially with all construction projects happening throughout the city at any given time. This creates an ideal market for investors looking to capitalize on their dumpster rental businesses, though they may need to invest extra money into marketing or advertising due to fierce competition already present in this city.
- Average 20-yard dumpster rental charge in this area is between $350 and $550 for up to 10 days
Regardless of the market you decide to invest in, there are a few key things to keep in mind when starting or investing in a dumpster rental business such as: having a solid business plan, understanding your customer base, setting competitive prices, a high-quality dumpster rental lead service and finding reliable suppliers for your waste materials. With that said, if you’re looking to invest the industry, these are some of the hottest dumpster rental markets currently in the United States. Best of luck!