¢
BIZBITE

Dry Ice Blasting Service

Blasts away grease, mold, and industrial buildup — and leaves zero waste behind

Bottom line

Accessible entry point; validate local supply before buying.

Dry ice blasting uses pellets of solid CO2 propelled at high velocity to clean machinery, electrical panels, food processing equipment, historic surfaces, and fire-damaged structures. The pellets sublimate on impact — turning directly from solid to gas — leaving no secondary waste, no moisture, and no residue to clean up after. This makes it the only approved cleaning method in environments where chemical or water-based cleaning would cause damage or require complete disassembly. Operators charge premium rates because no substitute exists for the applications that demand it.

Acquisition score
Margin · multiple · SBA data
67Strong
Avg revenue
$200K/yr
$80K–$450K range
Profit margin
35%
~$70K SDE
Multiple
1.5–3.5×
of SDE
Est. buy price
$105K–$245K
startup: $20K–$60K

How It Works

The operator purchases a dry ice blasting machine ($15K-$40K) and sources CO2 pellets from a local gas supplier at roughly $2/kg. Jobs are priced at $200-$400+ per hour depending on application. Common clients include food manufacturers (FDA-mandated cleaning without disassembly), auto body shops (paint stripping), restoration contractors (fire damage cleanup), and utilities (electrical panel cleaning without shutdown). A single operator can run $150K-$250K in annual revenue working regional accounts.

BizBite verdict

Worth underwriting

Dry Ice Blasting Service maps to the Dry Ice Blasting Service model. The category can work for acquisition buyers, but the right answer depends on source freshness, verified economics, and the specific red flags below.

67Strong
medium data confidence · 72/100medium financing fit

Why it may work

  • +Attractive 35% estimated margin profile
  • +SBA dataset shows 67 recent comparable loans
  • +5 clear operating upside levers identified

Be careful

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

Category operating model

Dry Ice Blasting Service

medium labor
medium capex
medium owner

Revenue drivers

  • Billable blasting hours, hourly rate, mobilization fees, and minimum job size
  • Customer vertical mix: food plants, restoration, electrical, printing, automotive, molds, and industrial maintenance
  • Dry ice pellet supply reliability, pellet consumption rate, and travel time
  • Equipment utilization, nozzle/compressor capability, and whether jobs require containment or off-hours work
  • Repeat preventive-maintenance accounts versus one-off restoration or project work

Key risks

  • Pellet supply and sublimation can ruin margins before a technician starts blasting
  • Customers may compare quotes to pressure washing even when the method is different
  • A one-machine owner is exposed to breakdowns, compressor limits, and scheduling bottlenecks
  • Dry ice removes the blasting media but not the contaminant; containment still matters
  • Owner technical selling may be the only reason industrial customers trust the service

What you need to believe

  • The business sells a specialized no-residue cleaning outcome, not a commodity blasting day rate
  • Pellet cost and travel are priced into every job
  • Repeat industrial accounts keep equipment utilized
  • A non-owner technician can deliver safe, consistent results
  • Equipment condition and backup plans protect uptime

Unit economics

How one unit makes money

Modeled per one owner-operated mobile dry-ice blasting rig with one blaster/compressor setup. Every line shows its arithmetic — rebuild any number yourself.

Revenue build-up

LineLowBaseHigh
Billable blasting labor400-1,200 billable hours/year × $175-$300/hour; base is 800 hours × $200/hour$70K$160K$360K
Mobilization / off-hours / specialty premium80-180 jobs/year × $250-$500 mobilization or shutdown premium when travel/setup cannot be hidden in the hourly rate$10K$40K$90K

Where it goes — cost structure

  • Operator/helper labor1832%

    Even owner-operated jobs need replacement labor in SDE; many industrial jobs need a helper for hose, safety, or containment.

  • Dry ice pellets and sublimation loss1228%

    Cold Jet cites pellet systems around 2.5 lb/min consumption; at 60-150 lb/hour, pellet pricing and wasted ice decide margin.

  • Travel, fuel, compressor, PPE, containment816%

    The media sublimates, but the dirt does not teleport; some jobs still need containment and cleanup.

  • Equipment maintenance/replacement reserve511%

    Nozzle wear, hoses, compressors, and blaster downtime belong in normal cost, not unlucky anecdotes.

  • Insurance, sales, admin, training510%

    Food plants and industrial customers buy safety documentation as much as they buy blasting.

SDE margin · low
25%
SDE margin · base
35%
SDE margin · high
42%

What actually swings the deal

  • Billable hours

    100 extra billable hours at $200/hour = +$20K revenue before pellets and labor.

  • Pellet burn rate

    An extra 30 lb/hour at $1.50/lb over 800 hours ≈ −$36K gross profit; technique and nozzle choice matter.

  • Mobilization pricing

    $250 added to 120 jobs ≈ +$30K revenue, often the difference between profitable short jobs and charity.

  • Equipment downtime

    Two missed 8-hour shutdown jobs at $250/hour cost ~$4K revenue plus account trust.

Benchmarks to memorize

Cold Jet pellet consumption~0.7-2.5 lb/min depending on system
Profile base case800 billable hours × $200/hour + mobilization = ~$200K revenue
SBA proxy sample182 COO loans; median implied deal ~$527K
Core operating constraintpellet supply + equipment uptime + industrial account recurrence
The ceiling

A single rig with one primary operator struggles to exceed 1,000-1,200 quality billable hours per year after travel, setup, pellet logistics, maintenance, and sales. Past ~$300K revenue, scale requires another trained crew or recurring plant shutdown programs.

Market analysis

Who owns these & where demand comes from

Dry ice blasting is a specialty cleaning method, not a standalone mass market. Demand appears where water, grit, chemicals, or disassembly are expensive: food equipment, electrical cabinets, fire restoration, molds, printing presses, automotive lines, and industrial maintenance.

Tailwinds

  • Food and industrial customers value less downtime and less secondary waste
  • Equipment improvements broaden applications and make mobile operators credible
  • Restoration and facilities partners can feed recurring work to a specialist

Headwinds

  • Dry ice supply, storage, and sublimation make logistics unforgiving
  • Customers can view blasting as a commodity unless the operator proves avoided downtime
  • Small markets may not have enough repeat industrial volume for utilization

Demand drivers

  • No-residue cleaning where water, sand, or chemicals would create downtime or cleanup
  • Preventive maintenance and shutdown windows in food, packaging, manufacturing, and printing
  • Restoration jobs where smoke, mold, or soot must be removed without abrasive damage
  • Rising labor cost that makes faster in-place cleaning more attractive

Regulation

Moderate safety burden. Operators need CO2/asphyxiation awareness, ventilation, PPE, noise controls, customer-site permits, food/electrical safety procedures where applicable, and disposal/containment for the material being removed.

Who you bid against

Industrial cleaning firms, restoration contractors, pressure-washing operators, equipment-rental shops, and maintenance companies. Buyers with existing facility relationships can keep the rig busier than standalone marketers.

Competitive advantage

What protects the good ones

  • moderateSpecialized process knowledge

    Food, electrical, restoration, and mold jobs need different nozzles, pressure, containment, and safety discipline.

  • strongRecurring industrial accounts

    Shutdown schedules and preventive maintenance repeat when the operator proves uptime and cleanliness.

  • moderatePellet supply/logistics

    Operators near reliable dry ice supply can quote jobs that distant competitors cannot margin safely.

  • weakEquipment ownership

    A blaster can be financed; recurring customers and technique cannot.

Who wins — and who loses

The winner is a plant-maintenance partner that prices pellets, mobilization, and containment openly, then shows up during ugly shutdown windows with the right nozzle and enough ice. The loser buys a blaster, quotes like pressure washing, watches half the dry ice disappear in the truck, and calls the job profitable because the media left no residue.

How this niche degrades

  • Pressure washing, soda blasting, chemical cleaning, and manual scraping compete where residue or water risk is tolerable
  • Pellet shortages or supplier distance can make booked work unprofitable
  • Large facilities may internalize equipment if cleaning frequency is high enough
  • Safety/containment mistakes can damage the exact premium positioning dry ice sells
Consolidation status

Fragmented and often attached to restoration, industrial cleaning, or specialty maintenance shops. Strategic buyers value it most when it feeds existing plant accounts rather than waiting for one-off inbound jobs.

SBA 7(a) data

Real acquisitions in this category

Change-of-ownership loans · NAICS 561790 · Other Services to Buildings and Dwellings

Deals tracked
182
67 in last 24 mo
Median loan
$448K
$245K–$978K p25–p75
Implied deal size
$527K
median · ~85% LTV
Charge-off rate
not enough resolved loans

Deal size distribution

<$150K
23
$150K–500K
75
$500K–1M
40
$1M–2M
36
>$2M
8

Deal flow over time

12-month momentum
−13.9%
deal volume vs prior 12 mo
Median loan Δ
−51.7%
31 recent · 36 prior

Financing profile

Median rate
9.75%
9% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
0%
of loans secured
Median jobs
7
supported per deal
Top lenders in this space
Live Oak Banking Company23
The Huntington National Bank13
Customers Bank7
Stearns Bank National Association6
Columbia Bank5
Where deals happen
FL23
TX21
CA17
AZ11
OH9
CO8
WA6
IL6
KS5
MA5

Franchise vs independent

Franchised acquisitions finance at $350K median vs $471K for independents — a −26% franchise discount. Franchises make up 20% of deals tracked.

Recent comparable deals

ClosedStateLoanImplied deal
Mar 2026TX$350K$412K
Mar 2026NJ$1.2M$1.4M
Feb 2026LA$402K$473K
Feb 2026FL$55K$65K
Feb 2026FL$615K$723K
Feb 2026FL$50K$59K
Jan 2026TX$270K$318K
Jan 2026KS$171K$201K
Jan 2026FL$650K$765K
Jan 2026KS$211K$248K
Volume rank #44/544Deal-size rank #438/544Momentum rank #222p90 loan: $1.6MData 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.

Valuation framework

How these actually get priced

Valued on normalized SDE after adjusting for rig utilization, pellet gross margin, customer recurrence, equipment condition, and owner technical sales. A buyer should treat equipment value as the floor and recurring industrial accounts as the reason to pay a multiple.

Basis: SDE

What moves the multiple

  • ▲ PremiumRecurring plant/restoration accounts

    Scheduled shutdown work and partner referrals make utilization financeable.

  • ▲ PremiumJob-level pellet/labor margin records

    Pellet burn and mobilization discipline prove the gross margin is real.

  • ▼ DiscountOne-rig downtime exposure

    No backup plan for equipment failure or pellet supply lowers reliability and transfer value.

  • ▼ DiscountOwner-only technical selling

    If the seller is the only person who can diagnose applications and quote jobs, transition risk is high.

Worked example

$200K revenue × 35% margin = ~$70K SDE. At 1.5x-3.5x, indicated value is roughly $105K-$245K. A buyer can defend the high end only with repeat industrial customers, job-level pellet margins, and maintained equipment; otherwise the deal is closer to used equipment plus a phone number.

Common buyer mistakes

  • Ignoring dry ice sublimation and travel when pricing short jobs
  • Valuing one-off restoration spikes as recurring industrial demand
  • Treating the equipment purchase price as the moat
  • Forgetting that dry ice removes the media, not the contaminant or safety obligation

Deal Calculator

Priced off $70K SDE — can this deal service its own debt?

2.83×
DSCR · Lender-comfortable
Purchase multiple — 2.5× SDE ($175K)
Category range: 1.5×–3.5× SDE
Down payment — 10% ($18K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 9.75%
SBA median for this category: 9.8%
Loan term — 10 years
SBA median for this category: 120 months
Purchase price
$175K
2.5× of $70K SDE
Cash to close
$23K
$18K down + ~3% closing
Debt service
$2K/mo
$25K/yr on $158K loan
Cash-on-cash
199%
cash back in ~7 mo
Debt service coverage · what the lender sees
2.83×+$4K/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.

Due diligence checklist

Before you sign anything

  1. 01

    Export job-level data: customer, vertical, billable hours, rate, mobilization fee, pellet pounds purchased/used, travel, labor, and gross margin.

    This verifies billable-hour, pellet-burn, and mobilization sensitivities.

    Red flagThe seller knows revenue but not pellet pounds or margin by job.
  2. 02

    Map repeat customers by shutdown schedule, referral source, decision-maker, and next expected service date.

    Recurring industrial accounts are the valuation premium.

    Red flagRevenue came from one-off restoration spikes or seller relationships with no documented recurrence.
  3. 03

    Inspect blaster, compressor, hoses, nozzles, maintenance logs, downtime, warranty, and replacement cost.

    Equipment uptime attacks the capacity ceiling and SDE reserve.

    Red flagOne aging rig supports all revenue and has no maintenance history.
  4. 04

    Verify dry ice supplier terms, distance, backup supplier, price history, minimum orders, and average sublimation loss.

    Pellet logistics can erase gross margin before the job starts.

    Red flagNo backup supply or long-distance pickup for time-sensitive jobs.
  5. 05

    Review safety plans, CO2 ventilation practices, PPE, containment procedures, insurance, and any claims/rework.

    Premium industrial work requires proof that the process is safe and controlled.

    Red flagNo documented safety process for indoor or food/electrical jobs.

Pros

  • +No secondary waste — pellets sublimate, leaving only the removed contamination
  • +Premium pricing with virtually no substitutes in regulated food and electrical environments
  • +FDA and USDA approved for in-place food processing equipment cleaning
  • +Low labor overhead — one operator per machine is standard

Cons

  • -Dry ice pellet supply requires a nearby gas supplier — rural markets are harder
  • -Equipment is specialized and sourcing parts requires a vendor relationship
  • -Loud — hearing protection required and residential jobs face noise complaints

Best For

Operators in industrial or manufacturing corridors who want high-ticket service work with defensible pricing

Operating Costs

Reddit and operator interviews show net ~$100/hour after pellet costs ($2/kg, 50-100kg/hour consumption) and machine overhead. At $250/hour billed for 800 hours/year, an owner-operator approaches $200K revenue with 35% net margin. Main costs are pellet supply, fuel, machine maintenance, and liability insurance.

Where to Buy

BizBuySell – Industrial Cleaning Businesses

Search for dry ice blasting and industrial cleaning service acquisition listings

Cold Jet – Start a Dry Ice Blasting Business

The leading equipment manufacturer's guide to starting a dry ice blasting service

Get the full breakdown in your inbox

Weekly boring business breakdowns

One researched boring-business breakdown every week. Free.

Buy a dry ice blasting service
via BizBuySell – Industrial Cleaning Businesses
See listings →