If you’re thinking about purchasing a house cleaning franchise, explore the pros and cons first. Then, consider some lower-risk franchise opportunities.
Pros of Cleaning Franchises
American families are busy. Dual-income families are the norm and balancing work with childcare, household chores, and self-care is challenging. Parents aren’t the only ones who are crunched for time. On top of a full day at school, at least 84% of parents who earn more than $75,000 enroll their kids in sports, while 62% sign their children up for music, dance, or art classes, a survey conducted by Pew Research revealed.
Rising income levels are making it possible for people to lighten the load and improve their homes by outsourcing household chores. High demand is making it an optimal time to consider opening a house cleaning franchise. Being able to rely on a regular service to take care of mundane household chores is invaluable. Investing in a franchise allows you to operate a recognizable brand with a history of success. Plus, a reputable franchise will provide the training, tools, and support you need to get started.
Increasing health and safety standards are also prompting people to hire cleaning services. They ensure the air quality in a home is clean and fresh to prevent unwelcome allergies and other health concerns. Clearing out the cobwebs and regularly cleaning household items can help extend the life of furniture, carpet, and drapery.
Cons of Cleaning Franchises
Investing in a house cleaning franchise allows you to pursue a business in a high-demand industry with recurring revenue and high-profit potential. The residential cleaning services market is forecast to generate $1.2 billion this year, up 3.2% from 2022, according to IBISWorld.
However, keep in mind that high competition and a low barrier to entry make it difficult to gain traction in the market — at least 20 residential and commercial cleaning franchises earned a spot on Entrepreneur magazine’s Franchise 500 ranking. A tight labor market is also making it difficult to find reliable staff to facilitate growth.
Complete Weddings + Events: A Different Investment
If you like the idea of operating a home-based business without the hassle of managing staff or heavy competition and want to compare white-collar franchises, Complete Weddings + Events has an alternative option. We’re a year-round event and wedding planning franchise. We provide couples with a one-stop shop for securing photographers, DJs, videographers, photo booths, and lighting.
You get a turnkey business in the lucrative event planning industry for a low initial investment of $56,820 to $71,070. The wedding industry alone generated $51 billion in 2021. Wedding bookings continued to surge in 2022 as people held receptions they had postponed at the height of the pandemic. Nearly 22.4% of wedding professionals said wedding bookings were up in 2022, according to Wedding Report. Experts predict bookings will normalize in 2023, with 17.1% of venues reporting an increase in reservations.
To generate year-round business, Complete Weddings + Events relies on planning for special occasions and memorable milestones, including corporate functions, bar mitzvahs, and school events. We offer comprehensive training and support to help you generate leads and become an event planning leader in your local community.
More than 90% of couples plan their weddings online, according to The Knot. Whether they are using a mobile device or desktop, Complete Weddings + Events offers an extensive online presence with top-notch branding, progressive digital advertising solutions, and effective business development tools.
The Knot also reports that nearly 77% of couples follow vendors on social media. We outsource our SEO to Omaha SEO Company to ensure our franchisees are equipped with the latest technology to build a solid reputation in their market. We also offer high-quality collateral material and a wide variety of traditional marketing to complement our online strategy.
