New commercial buildings come up every day at an increasing rate, and with them comes a rising need for better air quality. With every new and existing commercial building lies the constant demand for HVAC and air duct cleaning services. Whether you want to go alone as a solopreneur or enter through a franchise, there are several convincing reasons to start your commercial air-duct cleaning business. Below, we’ll examine three such reasons, explaining how you can optimize each benefit.
Air Duct Cleaning is in High Demand
Every commercial building needs air cleaning, which increases the demand for air duct cleaning services. Air-duct cleaning offers a wide range of benefits, including efficiency and health benefits, making it a worthwhile investment for commercial property owners. Today, owners are more educated about the need for air duct cleaning, such as allergen reduction, enhanced energy efficiency, and extended HVAC system lifespan.
As they continually demand these services, your air duct cleaning profitability can only rise to its highest potential, especially if you help clients enjoy the maximum cleaning benefits. For improved HVAC efficiency, builders are now incorporating duct cleaning into the construction process, creating even more demand for the service across the construction industry.
More Financing Options for Small Businesses
An air-duct cleaning business majorly falls under the small to medium-sized businesses (SMBs), making it easier to get financed than when launching a bigger business. Since you may not have enough capital to buy the requisite tools and equipment, hire employees, get licenses, and promote your business, securing a startup capital is crucial. The good news is there are numerous financing options you can consider for your commercial air-duct cleaning business, such as:
- Small Business Administration (SBA) loans: You can secure SBA loans offered by the federal government as a financial boost for successfully establishing your business. These loans are available to startups at a lower interest rate, which is why you should consider them for optimal returns.
- Angel investors: If you’re willing to give up an ownership stake in your company, partnering with angel investors can be the best financing model. These investors will offer a substantial amount of money for a corresponding value of the stake in your business for a given period or forever.
- Bank loans: Loans from banks and credit unions are available at a stricter collateral and qualification requirement, and you should only consider them as your last resort. It’s best to consult a financial advisor to help you pick the right loan with favorable terms.
Multiple Supporting Services to Offer
Once your business is established and you’re looking to improve profits, you can offer numerous additional services to expand your income basket. Commercial buildings need to be maintained in pristine conditions, from keeping the roof free of mold and mildew to maintaining clean walls and sidings.
You can expand your solutions to cover these additional, complementary services that commercial building owners always need. Offering complimentary services will help your customers enjoy all the cleaning solutions they need in one order placement, saving them time and money while increasing your revenue.
Whether you’re franchising or going solo, these three commercial air-duct cleaning business benefits should encourage you to start sooner. With the right planning and execution, you can count on this business to reach its profitability peaks within a short time of launch.
