Guide: Starting or buying an oil tank removal business for sale 

In the modern world, with numerous eco-friendly alternative ways to achieve a cleaner environment and live a greener lifestyle, could this be the driving force behind the increasing number of people seeking to have their oil tanks removed? If so, how many oil tanks are still underground? And, most importantly, how can we seize this money-making opportunity? In this article, instead of discussing the breakdown of oil tanks, we will focus on the essential steps to initiate, operate, or purchase an existing oil tank removal business for sale. 

Before we proceed, make sure to become a member of the BizRoutes community. Here, you can start, buy, sell, and even grow your existing business. If you own an oil tank removal business, be sure to add your company to our directory. By doing so, local customers can easily find your services and reach out to you!

What are oil tanks? 

Oil tanks are containers used to store different types of oils, like heating oil or crude oil. They are commonly found in homes, businesses, and industries.

In homes, oil tanks store heating oil for furnaces and boilers when there's no natural gas available. These tanks can be either above ground or buried underground, depending on the rules in the area.

In businesses and industries, oil tanks can hold larger amounts of oil for various purposes, like backup power, industrial processes, or fuel for vehicles.

However, as oil tanks get older, they can corrode and leak, which can be harmful to the environment. That's where oil tank removal businesses come in. They help safely remove old or damaged tanks, preventing any potential risks to the environment.

Because you may be interested in starting or buying an oil tank removal business, it's essential to understand the basics of oil tanks and the importance of following environmental safety practices. By doing so, you can provide reliable services and contribute to a cleaner and safer environment for everyone.

Why are homeowners and businesses removing oil tanks? 

There can be many reasons why people want oil tanks removed and one of the main reasons is that they are looking for an eco-friendlier solution, Did you know that Oil tanks date back many decades, and their history can be traced back to the early 20th century? The first commercial oil tanks were introduced in the late 1800s to store crude oil, but they were relatively small and made of materials like wood or riveted steel. As demand for oil storage increased, especially during and after World War I, larger and more advanced tanks were developed.

During the mid-20th century, oil tanks became more prevalent with the growth of the petroleum industry and the widespread use of heating oil. Both above-ground and underground oil tanks were commonly used in residential, commercial, and industrial settings.

Many of the older oil tanks that were installed several decades ago are still in use today, although some may have been replaced or decommissioned over time due to safety and environmental concerns. The lifespan of an oil tank can vary depending on factors such as the type of tank, materials used, maintenance practices, and environmental conditions.

It's essential for homeowners and businesses with older oil tanks to conduct regular inspections and consider tank replacement or removal if they pose any risks. As environmental awareness has increased, there has been a focus on promoting responsible tank management and encouraging the removal of old tanks to prevent potential leaks and spills.

Here are 6 Reasons why people may have their oil tanks removed 

1. Environmental Concerns:

One of the primary reasons for removing oil tanks is the growing awareness of environmental issues. Over time, oil tanks can develop leaks or corrode, leading to oil spills and potential soil and groundwater contamination. By removing old or damaged tanks, homeowners and businesses can prevent environmental hazards and contribute to a cleaner environment.

2. Switching to Cleaner Energy Sources: 

Just like homes that switched from electricity to solar power, this is a little similar,  Many homeowners and businesses are opting to switch to cleaner and more sustainable energy sources, such as natural gas, electricity, or renewable energy. As they transition away from using oil for heating or other purposes, they may no longer need their oil tanks and decide to have them removed.

3. Regulatory Compliance:

Local regulations and safety standards may require the removal of underground oil tanks if they pose a risk to the environment or public safety. Compliance with these regulations is crucial to avoid potential fines or legal issues.

3. Property Sale or Renovation:

When selling a property or undertaking significant renovations, homeowners and businesses may choose to remove oil tanks to increase property value or create more space for construction.

4. Aging and Maintenance Costs:

As oil tanks age, they become more susceptible to leaks and other issues. The cost of maintaining and repairing old tanks can become financially burdensome, prompting homeowners and businesses to opt for removal instead.

5. Insurance Requirements:

Some insurance companies may require the removal of old or unused oil tanks to mitigate potential risks and maintain coverage.

6. Health and Safety Concerns:

Leaking oil tanks can emit harmful fumes and pose health risks to occupants of homes or employees at businesses. Removing these tanks ensures a safer living or working environment.

How are oil tanks removed? 

When it comes to starting or buying an oil tank removal business, understanding the process of oil tank removal is essential. The procedure involves several crucial steps to ensure the safe and efficient removal of the tanks. Firstly, a thorough site assessment is conducted to inspect the tank, check for leaks, and assess potential environmental risks. Necessary permits are obtained in compliance with local regulations. Next, the tank is pumped to remove any remaining oil, and then it is cleaned and vented to release any fumes and gases.

In the case of underground tanks, careful excavation is performed to access the tank for removal. The tank is then cut into sections and lifted out using specialized equipment. After removal, the tank is transported to an appropriate facility for proper disposal or recycling, adhering to environmentally responsible practices. If the tank has caused soil contamination, soil remediation may be required. 

Once the tank is removed and any necessary soil remediation is completed, the site is restored to its original condition. Throughout the entire process, detailed documentation is maintained to comply with regulations and ensure transparency with clients. Safety, environmental responsibility, and adherence to local regulations are paramount in oil tank removal, making it imperative for aspiring oil tank removal businesses to invest in proper training, equipment, and safety protocols, as well as staying informed about industry best practices to establish a reputable and successful venture.

How much does a business charge to remove oil tanks? 

The cost of removing oil tanks can vary widely based on factors like the tank's size, location (above ground or underground), and condition. On average, removing an above-ground oil tank can cost anywhere between $500 to $2,500. For underground tank removal, the cost tends to be higher, ranging from $1,500 to $4,000 or more. However, prices can differ depending on specific circumstances, so it's best to get quotes from different oil tank removal businesses to get a more accurate estimate for your particular situation.

In conclusion, stepping into the realm of oil tank removal offers a unique chance to be a driving force for positive change in the world. As environmental awareness continues to grow, the demand for safe and responsible oil tank removal services is at an all-time high. Whether you decide to launch your own oil tank removal business from the ground up or seize the opportunity to purchase an existing one for sale, you're embarking on a journey that goes beyond mere entrepreneurship.

By delving into this specialized field, you become an environmental protector, safeguarding communities and ecosystems from potential oil spills and contamination. Your dedication to adhering to regulations, investing in cutting-edge equipment, and prioritizing eco-friendly practices sets you apart as a leader in the industry.

In the process of removing oil tanks, you also build valuable connections with homeowners, businesses, and industries seeking sustainable solutions. Your expertise becomes a beacon of trust, assuring clients that their oil tanks will be handled with utmost care and precision allowing you to offer additional services you may or want to refer. 

As you venture into this rewarding domain, remember that every oil tank you remove signifies a step towards a greener future. With each task, you contribute to a cleaner and safer environment, leaving a lasting impact on the world. So, whether you start or buy an oil tank removal business, you're not just entering a business venture; you're becoming a vital part of the movement toward a more sustainable and responsible world. Embrace this extraordinary opportunity to make a difference and leave a legacy of positive change in the oil tank removal industry.

Disclaimer: The information provided in this article is for general informational purposes only and should not be considered legal advice. The laws and regulations regarding business licenses may vary from state to state and are subject to change. It is important to contact your local state office to determine which licenses are required for any specific businesses. Additionally, please note that this article contains affiliate links and we may earn a commission from our affiliate partners or Amazon links. If you are considering starting a business, it is recommended that you seek the advice of a qualified lawyer, business broker, or professional in your area. The information provided in this article is not a substitute for professional advice and should not be relied upon as such.