A cleaning business can be an extremely profitable enterprise with a low level of volatility and consistent demand. Janitorial services, which includes companies that clean building interiors, windows, carpets and upholstery, account for $53 billion in revenue with a growth rate of 1.6% each year from 2011- 2016. By 2019, revenues are projected to grow to $57.7 billion with an annual growth rate of 2.1%.
The cleaning service industry offers great opportunities for continued growth for a number of reasons. Improving economic conditions, an aging and relatively affluent population and a growth in busy two-income households increase the demand for outsourced domestic cleaning. Educational and medical institutions, in particular, are increasingly outsourcing their cleaning needs, while an increase in construction activity, declining office vacancy rates and growth in number of businesses create more clients and demand for cleaning services.
Along with profitability and high margins, cleaning businesses offer diversity and flexibility that appeals to a wide range of people with a variety of goals, interests and operating styles. The industry offers an ability for owners to cater to general or niche markets. Transworld’s list of cleaning businesses is comprised of small and large businesses that focus on individual consumers, large commercial businesses or specialty cleaning services. Furthermore, the cleaning industry allows small businesses to compete effectively with larger businesses since small independent companies comprise 70% of cleaning contractors.
If you are considering the purchase or sale of a cleaning business, Transworld is the go-to source to prepare your deal and meet vetted buyers or sellers. If interested in purchasing a cleaning business, Transworld Business Advisors Michael Shea is here to help