Why buying an existing cleaning business for sale is a smart idea
Running your own cleaning business can be an incredibly lucrative business venture, especially when you buy a cleaning business for sale instead of starting from scratch. Buying an established business allows you to skip all the startup hassles and get right to work making money and providing excellent customer service to happy customers. If you’re interested in buying a cleaning business for sale, here are some of the many benefits of doing so that you should be aware of before taking the plunge.
How you can be successful in this business
There are many ways that you can approach cleaning businesses for sale. No matter what strategy you adopt, though, it’s important to keep in mind that there are two different types of cleaning businesses: some offer services that result in one-time cleanings (think professional house cleaning services) while others provide recurring service (for example, carpet or upholstery cleaning). While either type can work out to be profitable and successful, you’ll want to do your research on how much money people typically spend on both recurring and one-time cleans. The average person isn’t going to buy a business that offers recurring services if they won’t have time or money to make regular use of those services.
The pros of owning your own cleaning business
Owning your own business gives you freedom, and anyone who’s been employed by someone else can tell you that. You set your hours and your agenda; it’s up to you to make it happen. Working for yourself also means never having to worry about getting fired, which makes it much easier to focus on meeting or exceeding your goals.
There are many different cleaning service businesses for sale to choose from
A huge perk of buying a cleaning business for sale is there are so many different exciting cleaning-based business opportunities available to choose from window cleaning businesses all the way to office cleaning. Some cleaning businesses for sale now even offer technology cleaning services. Another reason why this is a huge perk since buying a cleaning business for sale is not like buying something like a cleaning franchise you are able to add whatever service you want to your business meaning you can expand to many different aspects of cleaning allowing you to see a faster return on investment than offering a limited range of cleaning services.
What steps you need to take to buy a cleaning company
The first step in buying a cleaning business is to find an opportunity. The best way to find these opportunities (at least initially) is by utilizing social media and job boards. Once you’ve narrowed down your search, there are several ways to begin vetting potential candidates. Some services will be better managed than others; some will have more potential long-term than others; etc. It might take 2 or 3 attempts at business valuation before you ultimately settle on one that’s worth pursuing further. But if it’s not viable, it’s better to know that now than later on when you’ve committed time and resources into growing it!
How much money do you need to buy a professional cleaning company?
Before you can purchase your own business, you need to determine how much cash you have on hand. First of all, decide if you want to pay in cash or via bank loan. Also consider whether you want to use an equity investor (i.e., your family or friends) as a source of funds and how much money they’re willing to put into your business.
How long does it take to get licensed as a cleaner?
If you are looking to start your own cleaning business, you might be wondering how long it will take you to become licensed. While there are other requirements in addition to getting your license, such as choosing a cleaning route and establishing connections with customers, becoming licensed does not take very long. Establishing a name for yourself can take longer than getting your license, but once you do, it’s easy enough to advertise your services and begin earning money right away.
What are some common mistakes when starting up a residential cleaning service?
Most residential cleaning services either overprice their services or undercut their prices so much that they’re not really profitable. A great way to find out what you should be charging is to check websites like GIGSalad and thumbtack where customers are posting tasks that need doing. Get a few quotes, then use them as your baseline. Or you can talk to established cleaners in your area who’ve been in business for more than a year or two and ask them how much they charge per hour. Their advice will be invaluable, since most new cleaning service owners are clueless when it comes to pricing.
