To start your own business or to buy a franchise! This is a common dilemma to conquer when trying to break out from the 9 to 5 job cycle and initiate a venture. Among all the business options out there, commercial cleaning is a popular choice because it is lucrative and doesn’t take much time and training to set up. Ever since the COVID-pandemic, the cleaning industry has grown in prominence. In terms of revenue, the cleaning industry in Australia stands at $13.2 Billion in 2022. So, it’s a viable choice if you want to start a venture. However, what would you choose? Buy a cleaning franchise in Australia or build a business from scratch? Let’s find the answer.
Starting a Cleaning Business VS Buying a Cleaning Franchise
Here are a few points that will help you discern and understand what is best for you:
Experience
You cannot start a business without any experience. That will be like rowing a boat without the oars. Before starting a commercial cleaning business, you should gather knowledge about the cleaning equipment, best practices, techniques, etc. Additionally, you should get an idea about how to run a business.
Things are different when you have franchises to buy. You don’t need any experience to buy and run a cleaning franchise. The franchisor will give you initial training and provide equipment, enabling you to do the job accurately. Alongside this, you will also receive training and support on how to run the business.
Business Plan
This is a no-brainer! How do you plan to start and run a business without a plan? Of course, you need a road map, a starting line with projected milestones and a revenue graph. Without these, you cannot start a business. When you are starting your venture, hours go into researching and creating a unique business plan. Even then you have no way of knowing if you are doing it right.
On the contrary, one of the advantages of franchising is that you don’t need to draft a business plan from scratch. Franchisors have their tried and tested business plan, the foundation of the brand and its prominence. You will gain access to the business ideology and processes, without having to put in much work.
Revenue
For a new business, it can take months and even years to generate significant revenue, let alone a profit margin. You need to establish the brand identity and a customer base, and then you might see some revenue stream. It is a time taking process that demands constant investments in business development.
You start generating revenue from the get-go because you are following the business plan of the franchisor. Besides, the training and constant support add to your tenacity, driving more profits into the business.
To summarize, it is more profitable to buy a cleaning franchise than to start a cleaning business from scratch.
Conclusion
Hopefully, this article was able to clear some of your dilemmas regarding investing in a franchise business for sale in the commercial cleaning sector. If you want more insightful write-ups on the Australian franchise industry, then subscribe to https://www.businessfranchiseaustralia.com.au/, the leading franchise directory in Sydney, providing people with the latest news and opinion pieces by experts.
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