Establishing your own business has its risks. Some business are very easy to start and maintain while others are very complicated, tricky and requires intricate knowledge of how things should be run. Moreover, some businesses earn money faster than others. In some businesses you have to wait for more than a year before you can savor the fruits of your investments. It can be easier to purchase an existing business instead of starting from scratch. This businesses for sale is one business endeavor where you can quickly recover your investment within one year.
A carpet cleaning business is quite popular. You have both residential and commercial business establishments as market base. You could start with residential areas first and slowly build your customer base before moving to commercial offices, restaurants or shops and stores.
Purchasing an existing carpet cleaning business could be indeed a profitable move as long as you don’t have to pay too many debts by the company and inheriting a very bad reputation that the previous owners and staff have incurred. Since you’re working as a service oriented business, client satisfaction is very important. Any dissatisfied client can pass by word of mouth your lousy services. Therefore, one should be very careful in purchasing an existing business.
Moreover, the carpet cleaning business involves using specialized equipment. One should assess correctly the value of each equipment, taking into considerations factors like depreciation, and wear and tear of the machines. Proper evaluation would help you purchase the equipment at the right price. You don’t want to purchase machines that are over valued.
Carpet cleaning companies can be purchased for $100,000 and above. The newer ones are cheaper and the more established ones are more expensive. The established ones sell their name, reputation and customer base that they have built through the years. This makes their business a little expensive than newly established ones.
Other things that you need to consider is the location of the existing business. Will the current base of operations handle further expansion and would the current customer base offer you to room for growth.
The advantage of a carpet cleaning business it that it has relatively low entry cost. If you will not be buying an already existing business, you could initially rent your equipment. With subsequent clients you can start investing on equipment, manpower and marketing.
Part of the profitability margin of such cleaning services is the fact that it can be operated either on a full time or part time basis. It can be flexible enough to handle a variety of requests from both residential and commercial based clients.
But before you even try to start a professional carpet cleaning service, you need to have the skills and knowledge needed for the job. The job may entail simple shampooing or vacuuming, but the use of specialized equipment can be a little challenging. You need additional training for that since you don’t want to damage the carpets of your very first clients. You will be working from their referrals so you need to do the job perfectly.
There are a lot of side service that you can provide together with your carpet cleaning businesses for sale. To increase your income, you can include upholstery, cars and full house cleaning services aside from just cleaning the carpet. You basically have the equipment and you just might need additional manpower for such tasks. You can also begin to deal with water extraction services in case the house or office have been damaged by floods.