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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
49
/100 score
Fair

Trenchless Pipe Lining (CIPP)

Fix a sewer line without digging up a single inch of yard — and charge $200 a foot for it

Cured-in-place pipe (CIPP) lining companies rehabilitate deteriorating sewer, stormwater, and water mains by inserting a resin-saturated liner into the existing pipe and curing it in place with heat or UV light. The result: a brand-new pipe inside the old one, no excavation required. Homeowners pay $200–$250 per linear foot for residential sewer lining. Municipalities pay $50–$150/ft on large contracts. A 3-crew operator doing residential and light commercial work generates $800K–$2.5M in annual revenue at 35–45% gross margins. The no-dig angle makes this a genuinely compelling sell in dense urban neighborhoods where digging costs are prohibitive.

Avg Revenue

$1.2M

Profit Margin

40%

Acquisition Multiple

2.5x - 5x

Startup Cost

$80K - $350K

Difficulty

4/5

How It Works

A flexible felt liner saturated with epoxy or polyester resin is pulled or inverted into the deteriorated pipe. Heat (steam or hot water) or UV light cures the resin, hardening it into a seamless pipe-within-a-pipe. The job is done in hours, not days. Residential jobs run $4,000–$15,000 per sewer line. Commercial and municipal contracts for longer runs are priced per linear foot at lower unit rates but much larger total contract values. Work is driven by aging infrastructure — most US sewer mains were built in the 1950s–70s and are reaching end of life.

Revenue Range

Low End
$500K
Typical
$1.2M
High End
$2.5M

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

  • +No-dig premium: customers pay 2–3x vs. traditional excavation to avoid destroying landscaping, driveways, or patios
  • +Aging US sewer infrastructure creates decades of backlog demand — every city has failing pipes
  • +High average ticket: $5,000–$15,000 per residential job, $50K–$500K on municipal contracts
  • +Technology moat: CIPP equipment and certified operators are scarce; not easy to enter

Cons

  • -High equipment cost — a UV CIPP rig or inversion drum setup can run $150K–$300K
  • -Requires certified technicians and specialized subcontractors for camera inspection and lateral reinstatement
  • -Municipal contracts have long procurement cycles and require bonding and insurance at scale
  • -Material costs (liner, resin) are significant — supply chain disruptions can squeeze margins

Best For

Plumbing or sewer contractors looking to move upmarket; civil engineering entrepreneurs comfortable with capital-heavy equipment businesses

Operating Costs

Primary costs: CIPP equipment ($150K–$300K), liner/resin materials (35–50% of job cost), CCTV inspection van, and skilled labor. Municipal contracts require performance bonds. Residential work can be cash-flow positive within 6–12 months of launch.

SBA Financing Estimator

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

+$14K/mo
after debt service
Deal price — $2.4M
Range: $2.4M (2.5×) to $7.2M (5×+)
Down payment — 15% ($360K)
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
$360K
15% equity injection
Loan amount
$2.0M
85% SBA-financed
Monthly payment
$26K/mo
$1.1M total interest
Monthly profit
$40K/mo
at 40% margin
Monthly cash flow after debt service
+$14K/mo
Down payment paid back in ~27 months — strong return

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 – Plumbing & Utility Contractors

Specialty plumbing and trenchless contractor businesses for sale nationally

National Association of Sewer Service Companies (NASSCO)

Industry group for underground infrastructure rehabilitation — buyer/seller network and contractor certification

Pipe Lining Supply

Largest US CIPP materials and equipment distributor — often knows of operators for sale

49/100Fair

Acquisition Score

Profit margin
27/30
Entry multiple
17/25
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
4/5
Buy price
$3.0M$6.0M

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