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BIZBITE
345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked345 Boring Businesses Analyzed$2K - $5M Startup CostsUp to 85% Profit MarginsUpdated WeeklyReal Revenue DataAcquisition Multiples Tracked
Service
45
/100 score
Fair

Hydrovac Excavation

The $500K-a-truck business that digs up America's buried infrastructure

Hydrovac excavation uses pressurized water and a vacuum system to safely expose underground utilities without risk of hitting gas lines, fiber, or electrical conduits. Every construction project near utilities is legally required to use safe digging methods — and hydrovac is the gold standard. A well-run truck generates $300K–$500K/year, and a 3-truck operation can generate $1M+ with one operator-manager. The global market is growing at 5%+ CAGR as infrastructure spending accelerates.

Avg Revenue

$700K

Profit Margin

28%

Acquisition Multiple

2.5x - 4x

Startup Cost

$300K - $800K

Difficulty

3/5

How It Works

Contractors, utilities, and municipalities hire hydrovac companies to expose underground lines before digging. Jobs are charged by the hour ($250–$500/hr) or by the project. Trucks can run 2,000+ billable hours per year in active markets. Government infrastructure contracts provide recurring, predictable revenue.

Revenue Range

Low End
$300K
Typical
$700K
High End
$1.5M

Real Acquisitions in This Category

SBA 7(a) change-of-ownership loans · NAICS 238910 · Site Preparation Contractors

Deals tracked
111
43 in last 24 mo
Median loan
$871K
$350K–$1.9M p25/p75
Implied deal size
$1.0M
median · ~85% LTV
Charge-off rate
11.1%
of loans that finished

Deal Size Distribution

<$150K
9
$150K–500K
27
$500K–1M
21
$1M–2M
28
>$2M
26

Deal Flow Over Time

Deals per year · median loan
$682K
2020
13
$1.1M
2021
24
$829K
2022
13
$608K
2023
12
$1.2M
2024
15
$1.0M
2025
29
$1.4M
2026
5
12-month momentum
-28.0%
deal volume vs prior 12 mo
Median loan Δ
+68.4%
18 recent · 25 prior

Financing Profile

Median rate
9.50%
9% fixed · last 24 mo
Median term
120 mo
standard 10-yr
Collateralized
97%
of loans secured
Median jobs
11
supported per deal
Top lenders in this space
Live Oak Banking Company13
The Huntington National Bank6
Old National Bank5
T Bank, National Association4
Columbia Bank4
Where deals happen
CO9
MA9
NY8
MO7
NJ7
WA6
FL5
OH5
TX5
ID5

Recent Comparable Deals

ClosedStateLoanImplied dealJobsFranchise
Dec 2025WA$1.6M$1.9M11
Dec 2025NJ$1.1M$1.2M
Dec 2025WI$1.4M$1.6M13
Nov 2025NY$3.1M$3.7M22
Nov 2025NY$400K$471K22
Sep 2025IN$600K$706K28
Sep 2025AR$150K$177K12
Sep 2025AR$2.5M$3.0M12
Sep 2025NJ$2.2M$2.6M14
Aug 2025CO$1.2M$1.4M36
Volume rank #63/534Deal-size rank #187/534Momentum rank #154p90 loan: $3.2MData as of Dec 2025

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.

Pros

  • +Mandatory compliance work — contractors cannot legally skip it
  • +Infrastructure spending tailwind drives long-term demand
  • +High hourly rates with government and utility contracts
  • +Competitive barrier: equipment cost keeps casual entrants out

Cons

  • -Truck cost of $400K–$700K new creates capital requirement
  • -Maintenance-intensive equipment with high downtime risk
  • -Requires CDL drivers and specialized operator training

Best For

Operators with civil construction experience or existing relationships with utilities and contractors

Operating Costs

Operating costs run $100K–$200K per truck per year: fuel, maintenance, insurance, CDL driver wages, and disposal fees for excavated material.

SBA Financing Estimator

Adjust the deal — see if it cash flows after debt service

+$935/mo
after debt service
Deal price — $1.4M
Range: $1.4M (2.5×) to $3.5M (4×+)
Down payment — 15% ($210K)
SBA minimum equity injection is 10% for change-of-ownership
Interest rate — 9.50%
SBA median for this category: 9.5%
Loan term — 10 years (120 mo)
SBA median for this category: 120 months
Down payment
$210K
15% equity injection
Loan amount
$1.2M
85% SBA-financed
Monthly payment
$15K/mo
$658K total interest
Monthly profit
$16K/mo
at 28% margin
Monthly cash flow after debt service
+$935/mo
Down payment paid back in ~225 months — long horizon

Estimates only. Excludes owner compensation, capex, working capital draws, and taxes. Margin assumes average occupancy and volume. Actual SBA terms vary by lender and borrower profile.

Where to Buy

BizBuySell

Find excavation and hydrovac businesses for sale

BizQuest

Browse excavation company acquisitions nationwide

45/100Fair

Acquisition Score

Profit margin
19/30
Entry multiple
21/25
Market depth
6/20
Risk (charge-off)
0/15
Deal momentum
0/10

Scores margin (30), entry multiple (25), SBA market depth (20), category risk (15), and deal momentum (10). Higher = better acquisition candidate.

Quick Facts

Category
service
Difficulty
3/5
Buy price
$1.8M$2.8M

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