Thinking about investing in a cleaning franchise? See how they compare to other home service segments and decide which is best for your financial goals.
Franchising in the Home Services Segment
As an investor, you know that putting your money into a franchise is an excellent way to be a part of a successful brand and potentially increase the likelihood you’ll own a profitable business. Franchise businesses may have a better chance at success than independent businesses because of their proven business models and the training and marketing support offered to franchisees.
Franchises in the home services segment include businesses like custom closets, garage doors, bath and kitchen renovations, heating and air conditioning systems, roofing, shades, blinds and curtains, hardscaping, landscaping, pools and spas, house and commercial cleaning, restoration, and custom flooring.
What to Expect
You may be wondering whether a cleaning franchise is a good investment. There are three types of cleaning businesses to consider: residential (maids and housekeepers), commercial (offices and retail), and restoration (cleaning after a natural disaster, hoarding, or decontamination).
It’s a crowded field, and there are numerous options from which to choose including franchise brands like Merry Maids, OpenWorks, The Maids, Two Maids & A Mop, PuroClean, and MaidPro, to name a few. As is true with any franchise investment, you’ll have the advantages of brand recognition, a proven business plan, marketing and other types of ongoing support. The initial costs vary depending on the brand, and your profitability is reliant on the quality of your services, consistency, and value for the money charged.
Client turnover can be high, as much as 55% per year. Residential cleaning services are also vulnerable to people tightening their budgets during economic downturns, since they are often considered a luxury, so success can depend on having clients from higher-income households. Commercial office cleaning or janitorial franchises can be somewhat more stable; you can opt to clean your own house, but office buildings will always need to be cleaned.
If you’re interested in investing in a more glamourous and creative home services business than a cleaning franchise, one with more stability and growth potential, consider a flooring franchise like Floor Coverings International.
A Better Idea for Meeting Your Financial Goals
Floor Coverings International is an affordable, fun, and creative home services franchise with lower costs and fees than many other franchises. Ranked as one of the fastest growing and innovative franchises, Floor Coverings International is well-positioned within the booming flooring industry.
Our franchise owners thrive. No two days are alike traveling to customers’ homes in a mobile showroom, building loyal relationships and awareness of the brand. Owners are supported by a proven and hyper-relevant business model that caters to what customers want today: convenience, accessibility, and quality. With strong training, expert marketing, and ongoing support systems, Floor Coverings International’s leadership team is committed to helping franchisees succeed. We offer opportunities to own multiple units so owners have the chance to scale up quickly, further increasing profit potential.
Learn More About the Opportunity
As the future of the flooring industry, Floor Coverings International is a pioneering leader reinventing the customer experience of shopping for and purchasing floors. By delivering the latest in high-quality hardwood, vinyl, carpet, and tile directly to a customer’s doorstep, you’ll be providing a convenient and custom experience to your clientele. By providing the best customer service in the flooring industry, Floor Coverings International has developed a solid base of satisfied customers leading to repeat sales, referrals to neighbors, friends, and family.
Ready to learn more about investing in this revolutionary home services franchise? Request more information today, and one of our franchise development representatives will be in touch. We look forward to hearing from you!