With the United States economy starting to open back up, the commercial cleaning industry is on the rise. Cleaning and janitorial services are more important than ever in the COVID-19 era. Today’s businesses cannot operate without a thorough and professional approach to hygiene.
Due to strong demand, a commercial cleaning franchise provides an enticing opportunity to recent college grads. There is great income to be made as a franchise business owner.
Read on for a comprehensive guide to starting a commercial cleaning business. Explore the income potential for a commercial cleaning company.
Why Start a Commercial Cleaning Franchise?
Freedom - Owning a commercial cleaning franchise means you’re the boss. You determine your schedule and how many hours you work each week. Business ownership gives you the freedom to make decisions that work best for you and your business.
Easy Start-Up - Starting a commercial cleaning franchise is easy. With a franchise, you are taking over an existing business plan. The groundwork is already done for you. You will need an Employee Identification Number (EIN) from the IRS. Operating a commercial cleaning business also requires insurance and state licensing requirements.
Proven Business Model - One major perk in joining a cleaning franchise is that the business model is already established. You are investing in a successful business with the structure already in place. According to the U.S. Bureau of Labor Statistics, roughly half of all small businesses fail in the first five years. For this reason, many entrepreneurs are turning to franchising instead.
Training & Education - You don’t need experience to get started. Comprehensive training once you’re on board along with ongoing educational opportunities should be included in your franchise agreement.
Low Operating Costs - Starting a commercial cleaning business is often successful because of the low operating expenses. Commercial cleaners and janitors work at other facilities and offices. They can operate their commercial cleaning franchise from a home-based office without the need to rent a large office space to host employees. Also, you naturally spend less on utilities like water, electricity, and more.
Financial Benefits - Pursuing a franchise instead of a startup has benefits when seeking financing. Lenders view startup companies as a higher risk due to the failure rate of small businesses. Joining an established business model mitigates the risk of failure. As a result, lenders are more likely to approve financing packages and provide more favorable terms.
Is the Cleaning Industry Susceptible to Economic Downturns?
Many entrepreneurs are familiar with failed businesses. In the wake of the pandemic, they are a constant reminder of business risk. However, many financial experts consider commercial cleaning and janitorial services to be recession resistant.
There is always work in the commercial cleaning business. Regardless of whether the economy is up or down, commercial cleaning businesses are considered essential services, necessary to maintain public health and safety.
While business owners realize the importance of commercial cleaning, many simply do not have the time or resources to do it themselves. Therefore, they hire a third party to do it for them.
The bottom line is that cleaning work does not dry up regardless of what is going on.
Is Starting a Commercial Cleaning Business Worth It?
After reading this article, the answer is clear. Starting a commercial cleaning franchise business is a worthy entrepreneurial pursuit.
Commercial cleaning is a recession-resistant industry with low operating costs. It is simple to execute your vision and minimal employee training is necessary.
If you are interested in starting a commercial cleaning franchise, contact us today to get going.