Did you know there are more than 30 million small businesses in the US today?
It’s no surprise there are so many small businesses, considering how easy it’s to start your own. However, not all small businesses are flourishing due to competition. So if you’re considering starting a cleaning company, you need to consider if it’ll be profitable.
Crunching the numbers will tell you what you need to know about the viability of your business. Whether you need a few cleaning services for some residential clients or if you have plans to expand the business and hire more employees, crunching the numbers to determine future success is crucial.
Read on for our financial breakdown of starting a cleaning company.
The start-up costs for commercial cleaning can vary, but they typically include the cost of supplies, equipment, and marketing.
The average cost of starting a cleaning company is between $3,500 and $200,000. Therefore, a cleaning company needs to bring in enough revenue to cover its expenses and bring in customers to be profitable.
This means marketing your company and your services. Marketing can be expensive, so it’s essential to factor that into the start-up costs.
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It’s vital to consider the ongoing expenses associated with the business.
These expenses include things like the cost of cleaning supplies, equipment, and utilities. In addition, the cost of marketing and advertising the business can add up quickly.
When all of these costs are considered, making a profit with a cleaning company can be challenging. However, it’s possible with careful planning and a bit of luck.
The advertising costs to get your business heard is significant. You’ll need to spend money on advertising to get your name out there and attract customers, but if you do it right, you can make that money back and more.
Keep your advertising costs low by using online marketing techniques and word-of-mouth to get the word out.
The average expected income of a professional cleaning business is around $35,000 to $50,000 a year. However, this number can vary widely depending on the size of the company, the number of clients, the supplies and tools you need to purchase, and the location.
Try to get more clients and charge more per hour to make your cleaning company more profitable.
Use These Tips to Start a Cleaning Company Today
If you’re considering starting a cleaning company, it’s time to crunch the numbers. You can create a profitable cleaning company with careful planning.
Start by looking at your start-up costs, ongoing expenses, advertising costs, and the expected income. Know your target market and what they are willing and able to pay. Examine what you need to charge to make a profit.
Did you find this article helpful? If so, keep coming back for more articles on cleaning services, housekeeping, and more.