How to help busy people simplify their lives?
As the owner of a Residential cleaning franchise, you can improve people’s quality of life by helping them keep their homes clean. In today’s on-the-go culture, it can be difficult to find the time and energy for chores. That’s why so many people turn to experts to help them maintain a clean home.
By running a home cleaning franchise, you’ll benefit from long-term customers who pay for weekly, bi-monthly, or monthly cleanings. A clean, well-organized environment is important to physical and mental health. Your customers will recognize the benefits of coming home to a clean house, and they’ll want to continue using your service for a long time.
Owning a house cleaning franchise is a great way to create jobs and provide a service that customers really appreciate. As an employer and a service provider, you can help others in multiple ways. As a franchise owner, you’ll benefit from a profitable business that’s always in demand.
What are the advantages of owning a house cleaning franchise?
- Everyone does it! Every household in the world requires regular cleaning to hold its value. There is a huge and ongoing demand for house cleaning services.
- It’s non-cyclical. People need to clean their homes regardless of seasons, business cycles, and shifts in popular wisdom and tastes – all big vulnerabilities for retail and restaurant franchises.
- Low up-front costs. Speaking of life savings, the right home cleaning franchise won’t typically require you to put everything on the line. You can get started for just tens vs. hundreds of thousands that you might need to invest in a well-branded restaurant or retail franchise.
- Recurring revenue. While some people have one-time or infrequent home cleaning needs (move-in/move out, for example) the majority of cleaning franchise clientele will be regular, recurring businesses.
- Cash flow is great and no Accounts Receivables. The standard accepted practice for cleaning franchise customers is to pay in cash or by credit card at the time of service, meaning you never wait to be paid, rarely need to chase collections, and have predictable cash flow.
Why is Residential Cleaning franchises so popular? Here’s what market research firm IBISWorld has to say:
The Residential Cleaning Service Franchises industry, which operates franchised residential cleaning service companies but does not include commercial cleaning or janitorial service companies, expanded over the past five years to 2019. The industry is affected by changes in household disposable income and household demographics, including the age of residents. Franchises in this industry benefit from employed adults in the household with higher incomes and elderly adults within the household. During the current period, disposable incomes increased and a significant portion of the baby-boomer generation moved into retirement. These positive external factors pushed up industry revenue at an annualized rate of 2.8% to $943.1 million over the five years
~ From the IBISWorld 2018 Residential Cleaning Franchise Report (US)
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Should consider the following questions while considering House Cleaning or Residential Franchise business.
- What are the top Residential Cleaning Franchises?
- What are the typical startup costs for Residential Cleaning Franchises?
- How much can I make by operating a house cleaning franchise?
- What are the major challenges in operating the house cleaning franchise?
MaidPro, The cleaning authority, and Mollymaid are matured brands and several emerging brands are very profitable for the Franchise owners