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BIZBITE

Crawl Space Encapsulation

Selling peace of mind, one vapor barrier at a time

Bottom line

Worth studying, but do not buy without strong local proof.

Crawl space encapsulation businesses seal off the underside of homes with heavy-duty vapor barriers, insulation, and dehumidifiers to prevent moisture damage, mold, and structural decay. Average job value runs $3,000–$8,000, and franchises like Crawlspace Medic report average operator revenues of over $1 million annually at 60% gross margins. The $1.2 billion market is growing at 9% per year as aging housing stock and climate anxiety push homeowners to act. Customers rarely shop on price — they shop on fear.

Acquisition score
Margin · multiple · SBA data
46Fair
Avg revenue
$850K/yr
$350K–$1.5M range
Profit margin
22%
~$187K SDE
Multiple
2.5–3.75×
of SDE
Est. buy price
$468K–$701K
startup: $50K–$200K

How It Works

Homeowners call when they notice moisture, musty odors, or pest activity under their home. A technician inspects and quotes a job ($3,000–$8,000 on average). The crew lays a thick polyethylene vapor barrier across the crawl space floor and walls, seals vents, installs insulation, and adds a dehumidifier. Work takes 1–2 days per job. Revenue compounds as customers refer neighbors and add annual maintenance contracts.

BizBite verdict

Watch / verify

Crawl Space Encapsulation has enough high-level data for a first look, but BizBite has not assigned a category-specific operating model yet. Treat the score as preliminary.

46Fair
medium data confidence · 52/100medium financing fit

Why it may work

  • +SBA dataset shows 17 recent comparable loans

Be careful

  • !Source link status has not been verified yet
  • !No last-checked date yet
  • !No category operating model yet

SBA 7(a) data

Real acquisitions in this category

Change-of-ownership loans · NAICS 238310 · Drywall and Insulation Contractors

Deals tracked
46
17 in last 24 mo
Median loan
$803K
$345K–$1.6M p25–p75
Implied deal size
$944K
median · ~85% LTV
Charge-off rate
not enough resolved loans

Deal size distribution

<$150K
3
$150K–500K
12
$500K–1M
10
$1M–2M
10
>$2M
11

Deal flow over time

12-month momentum
−69.2%
deal volume vs prior 12 mo
Median loan Δ
−56.6%
4 recent · 13 prior

Financing profile

Median rate
10.00%
12% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
0%
of loans secured
Median jobs
13
supported per deal
Top lenders in this space
Pathward National Association3
Banner Bank3
Live Oak Banking Company3
The Huntington National Bank3
Pinnacle Bank2
Where deals happen
WA8
FL4
TX4
MI3
GA3
MA3
CA2
CO2
NY2
WI2

Recent comparable deals

ClosedStateLoanImplied deal
Feb 2026TX$691K$813K
Jan 2026MO$2.0M$2.4M
Dec 2025GA$550K$647K
Nov 2025WA$150K$177K
Apr 2025WA$713K$839K
Mar 2025GA$5M$5.9M
Mar 2025GA$728K$857K
Feb 2025MA$1.4M$1.6M
Feb 2025OH$500K$588K
Feb 2025OH$4.5M$5.3M
Volume rank #142/544Deal-size rank #222/544Momentum rank #357p90 loan: $3.9MData as of Mar 2026

Source: SBA 7(a) FOIA dataset, filtered to acquisitions (loans where business age is "Change of Ownership"). Implied deal size assumes an 85% loan-to-purchase ratio, a common SBA change-of-ownership structure. Charge-off rate shown only when 10+ loans have resolved (paid in full or charged off). Interest rates reflect last 24 months only. Actual deal values vary with equity injections, seller financing, and working capital terms.

Deal Calculator

Priced off $187K SDE — can this deal service its own debt?

2.34×
DSCR · Lender-comfortable
Purchase multiple — 3.0× SDE ($560K)
Category range: 2.5×–3.75× SDE
Down payment — 10% ($56K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 10.00%
SBA median for this category: 10.0%
Loan term — 10 years
SBA median for this category: 120 months
Purchase price
$560K
3.0× of $187K SDE
Cash to close
$73K
$56K down + ~3% closing
Debt service
$7K/mo
$80K/yr on $504K loan
Cash-on-cash
147%
cash back in ~9 mo
Debt service coverage · what the lender sees
2.34×+$9K/mo after debt
Most SBA lenders want ≥1.25× coverage; 1.5×+ is a strong file.

SDE = revenue × margin estimate for this niche; it includes owner compensation, so budget your salary out of cash flow. Excludes working-capital injection, capex reserves, and taxes. Actual SBA terms vary by lender and borrower.

Pros

  • +High average ticket ($3,000–$8,000) with short job duration (1–2 days)
  • +Franchise data shows 60% gross margins at scale
  • +Recession-resistant — homeowners protect their biggest asset regardless of the economy
  • +Repeat revenue from dehumidifier maintenance contracts and annual inspections
  • +Market growing 9% per year driven by aging housing stock

Cons

  • -Physical, unpleasant work in tight, dark, dirty spaces
  • -Customer acquisition cost is high — most leads come from paid ads or referrals
  • -Licensing and insurance requirements vary significantly by state
  • -Seasonal slowdown in colder markets (crawl spaces freeze, work pauses)

Best For

Tradespeople or entrepreneurs with home services experience looking for high-ticket, fast-cycle jobs with strong upsell potential

Operating Costs

Major costs: crew wages (40% of revenue), materials (vapor barrier, insulation, dehumidifiers — 15–20%), vehicle and equipment costs (5%), and marketing/lead gen (8–12%). Net owner earnings on a $850K revenue business typically run $120–$180K. Franchise models (Crawlspace Ninja, Crawlspace Medic) lower startup risk but take 7–10% royalties.

Where to Buy

BizBuySell - Crawl Space

Search active listings for crawl space and waterproofing businesses for sale

Crawlspace Medic Franchise

Franchise option with disclosed average revenue over $1M at 60% gross margin

Groundworks (Strategic Buyer)

The largest acquirer in the crawl space and basement waterproofing space — benchmark for exit multiples

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