Did you know that running your own office cleaning business could net you anywhere from $20,000 to $100,000 annually? And that’s just for starters. Your overall earning potential hinges on many factors, including the businesses you contract with, the number of cleaning crews at your disposal, and your general reputation.
If you’re considering franchising your own office cleaning business, here’s some more enticing info on how lucrative it could be.
Commercial Cleaning and Profitability
An office cleaning franchise could just be that genius small business idea you’ve hoped would come. But if you’re planning for success, you need a discrete action plan. This plan will help you start and ensure your business generates a consistent profit. Fortunately, commercial cleaning businesses have a high degree of scalability, which means maximizing your earnings will be a cinch once you have a solid plan.
Yearly Profits
If your office cleaning company operates on a smaller scale, you could make as much as $50,000 annually. However, if you manage multiple cleaning crews in different areas, you could potentially make millions. Of course, the amount of money you can make depends heavily on how much competition you have and how many locations you operate in. Additionally, your ability to attract and retain clients comes down to your reputation, meaning your potential profitability is inextricably linked with the quality of your services. As your reputation grows, so will your list of clientele.
How Much Can You Make with One Cleaner?
You can easily earn anywhere from $20,000 to $50,000 a year when you run a single business with one cleaner. However, remember that this is just an average—the actual figure will vary based on your location and the services you’re offering.
For example, if your service charges $35 per hour and works 40 hours per week for 50 weeks, you might earn as much as $50,000 before taxes. When considering your earning potential, keeping your overhead costs in mind is essential. The amount you make won’t be all profit, as you’ll need to stay stocked on crucial supplies and pay for fuel and associated transportation and maintenance. Don’t forget to also factor in advertising and marketing costs.
How Much Can You Make with a Team of Cleaners?
Having a dedicated team of cleaners can improve your earning potential tremendously.
When deciding whether to hire cleaners, consider the amount of work you currently have. Is your schedule full, or could you handle more clients? If the latter is true, you might want to stick with a smaller team until you have enough work to justify employing more people.
When expanding your business, you’ll want to take on enough work to ensure that your employees have plenty to do. Otherwise, you’ll be wasting their time and your own money. For example, if you’re consistently scheduling your cleaners for 40 hours or more per week, it’s probably time to hire more workers.
As you add more staff, you’ll increase your earning potential, as well as your availability and number of opportunities to connect with additional clientele. However, having a team of cleaners also means higher overhead costs. For example, you might be responsible for three instead of managing a single vehicle. Make sure you keep track of these factors so you can budget accordingly.
How Much Should You Charge?
When you open your office cleaning franchise in a particular area, you will compete with businesses offering similar services. This competition will directly impact how much you can charge for your services. Remember, your potential clients will likely be shopping around for the best rates. If yours are too high, it could cost you a contract. On the other hand, if they are too low, your customers may not value your product for what it is truly worth.
To come up with competitive rates, you’ll need to consider your top-down financial goals, overall expenses, and how much your competitors charge. You can find the latest stats by conducting an in-depth competitor analysis. Doing a little research will also give you a better idea of what you can do to stand out from the competition, which is essential to retaining clients and promoting your business over the long term.
What Expenses Should You Expect?
All cleaning businesses have unavoidable overhead expenses that impact the company’s bottom line. However, these costs shouldn’t prevent you from expanding your business and advancing in your entrepreneurial journey. Just be careful not to let your expenses balloon and overwhelm you when you could be increasing your revenue.
If you’re entering the office cleaning niche, some recurring expenses you can expect include EPA-approved cleaning products, conventional and industrial cleaning equipment, transport vehicles, fuel, and personal protective equipment.
Embark on Your Entrepreneurial Journey Today
So, is office cleaning profitable? We hope this blog helped answer your question! As you can tell, starting a business is always hard work, and cleaning franchises are no exception. However, the franchising model can eliminate the friction that comes from the awkward startup phase. You’ll find that’s true at 360clean, where our model offers the following advantages:
- A well-developed niche in health-focused cleaning
- Training programs for you and your employees
- Administrative and financial support
- Personalized support
- Customer development programs
Ready to get started? Contact us today to discuss the next steps in your journey toward business ownership. Thanks for stopping by our blog; we hope to help you soon!
