Cleanliness is essential in every home and office. Thus, there is an increased demand for commercial and domestic floor cleaning services. For this reason, most people are looking to start a commercial floor cleaning business.
Most individuals think that starting a cleaning business is an easy undertaking. However, this is not the case; starting any business is challenging and requires planning, discipline, and patience. Not only will you require cleaning equipment, but you will also need to learn about the cleaning industry, which can be pretty complex.
Starting your own cleaning business will be tough. However, with the below tips, you can make things a little easier:
1. Define Your Business
The commercial floor cleaning business is not capital intensive. Thus, you can start with a relatively small investment, especially if you run it as an independent business owner. Startup costs estimates can be as low as $500-$2000.
Unfortunately, starting with small capital may not be the best thing for your business. That’s because you will not have enough capital to buy high-quality cleaning equipment. The money may also not cover other essential expenses such as bigger equipment and vehicle costs.
Fortunately, you can always add to your collection and include more equipment such as a sweeper scrubber as your business develops.
On the other hand, if you prefer a franchise, you will need a bigger investment. Franchises provide business owners with everything they need. A franchise will help you market your business and teach you the best ways to clean and the type of equipment you should purchase.
Unfortunately, a franchise is capital intensive, but it may save you the headaches and disappointment of failure. Defining your business will help you understand how much money you need and create a budget for the startup.
2. Do Some Research
Check out the existing companies in the market to estimate the hourly cleaning rates or the flat rates they charge. For your business to run effectively, you must ensure that it’s profitable. For this reason, it’s essential to invest time in researching the current rates in the market so that you can establish competitive prices for your services,
When pricing your commercial flooring services, remember to consider your competitor’s rates, target customer, the location, and the size of floor you are cleaning. You can choose to price the services you offer differently. For example, the price for floor waxing can be different from floor vacuuming to help you maximize your profit.
However, in other cases, your customers may prefer an all-inclusive flat rate for all the services. Ensure you study the market to understand better how to price your services. Below are the three types of pricing in the commercial floor cleaning business:
You should consider charging your customers a flat rate if you can estimate the amount of time it takes to clean their property. You may choose to offer a package with basic cleaning services and include additional services at an extra fee. This will not only be great for revenue purposes, but it also gives your clients the freedom of tailoring the package based on their needs.
When charging a flat rate, don’t forget to consider the cleaning equipment you will need and the supplies. Ensure you charge the client a rate that’s also fair to you.
This is one of the most common pricing types in the cleaning business. On average, homeowners pay $25-$40 per hour, depending on the location and cleaning service. However, commercial cleaning may cost a little more depending on the type of cleaning needed and where the office is located.
Rate Per Square Footage
This is one of the most common pricing units for commercial floor cleaning services. This is because high-end vacant houses and business establishments have a more extensive floor coverage. When cleaning a property that’s larger than 1000 square feet, you may need more cleaners, cleaning supplies, and larger equipment; thus, it’s better to charge per square foot.
While most people tend to set their rates low to attract more customers, this strategy will not serve your company’s bottom line for long. It’s better to set your prices and establish a reputation at the start.
3. Get the Right Insurance to Protect Your Business
Underinsured and uninsured businesses have a higher liability risk of lawsuits. Even with well-trained staff members, and the highest precaution levels, accidents can still happen, especially when cleaning. Without the right insurance cover, you may face financial frustrations in fees for damages and personal injury.
There are different insurance policies you can take out for your commercial cleaning business. These include commercial auto insurance, surety bond, and commercial general liability insurance. Ensuring your company will help you protect your clients and employees from bodily harm, protect your business property from damage and loss of money, and other valuables from your client’s homes and businesses.
4. Write a Business Plan
After choosing the niche you want to tap into, it’s time to draw up a business plan. Most startups often make the same mistake- rushing into things without adequately considering essential aspects of their businesses.
While writing up a business plan is not mandatory, it will assist you to stay on course and avoid making mistakes. According to research, business owners who take their time to write a business plan when starting a business are 2.5 times more likely to get their businesses off the ground and follow through on their goals.
Creating a business plan takes time and a lot of effort. This helps you build essential entrepreneurial skills that are invaluable to running your business.
Are You Ready to Start a Commercial Floor Cleaning Business?
Starting a commercial floor cleaning business takes investment, skill, and a lot of planning. However, with the right amount of preparation, a professional cleaning can be a profitable business with lots of advantages.
Like any other business, a floor cleaning business requires market analysis, background knowledge, and high-quality customer service, and professionalism. Follow the above tips to help you start and run your business. Did you like this article? Check out other posts on our website for more business tips.