Over the last few years, cleaning businesses have been one of the leading small business opportunities around, according to Entrepreneur, an authority website on small business ownership.
It's topped two of their lists, which we'll discuss here.
And if economic indicators are anything to go by, this is not likely to change any time soon.
This is good news for those looking to start a foreclosure cleaning business, making it one of the leading small business opportunity for 2011 - and beyond.
Following is why.
The 2 Main Reasons Foreclosure Cleaning Remains a Hot Small Business Opportunity If you're willing to work hard, you can grow a foreclosure clean up business to be as large, or keep it as small, as you wish.
If you're serious about owning your own business, foreclosure cleaning is one to look at, mainly for the following reasons.
I.
Commercial Cleaning in General is a Fast-Growing, Top-Rated Business Opportunity Remember above when we said that commercial cleaning topped two of Entrepreneur's lists in 2010? Well one of those lists is the list of fastest growing franchises of 2010.
Of those, six of the top 10 fastest growing franchises were some type of commercial cleaning firm.
They are: Jan-Pro, No.
1; Stratus Building Solutions, No.
3; Anago Cleaning Systems, No.
5; CleanNet USA Inc.
, No.
7; Bonus Building Care, No.
8; and Vanguard Cleaning Systems, No.
10.
And the second list - best business franchises to start in 2010.
Of the top 10, two are commercial cleaning companies -- Jani-King and ServPro.
This is no accident.
One common-sense reason is that there's an evergreen need for commercial cleaning.
And, this is exactly the type of service that foreclosure cleanup businesses offer.
They trash out properties for real estate agents, do maintenance work for banks/lenders until they can be sold/rented and clean out properties for landlords after evictions/moveouts.
II.
Shadow Inventory Represents Opportunity for Cleaning Foreclosed Properties If you've never heard of the phrase "shadow inventory," you may not realize just how big an opportunity it represents for existing and wannabe foreclosure cleanup business owners.
Shadow inventory is simply foreclosed properties, or those that are about to be foreclosed on, that banks own that they haven't listed for sale yet.
The foreclosure crisis has lenders literally drowning in shadow inventory.
One of the main reasons banks hold onto properties, instead of promptly listing them for sale, is that they don't want to flood the market with more inventory, when the homes they already have aren't selling.
If they do, they are likely to get even less money.
So, they list a certain number, then hold off until some of those are sold (and this is not happening in great numbers right now), then list some more.
According to the article, Shadow Inventory of Homes Rising in the 11/22/2010 edition of the Wall Street Journal online:
But even when it does, foreclosure cleaning businesses will continue to prosper.
Why/how? Because as long as real estate is bought and sold, it will need some type of work (cleaning, trashing out, yard maintenance, etc.
).
In reality, foreclosure clean up is just a synonym for real-estate services.
The same services are needed when foreclosures are at record highs, or record lows.
All you have to do is change how you market your services to keep the business flowing in.
It's topped two of their lists, which we'll discuss here.
And if economic indicators are anything to go by, this is not likely to change any time soon.
This is good news for those looking to start a foreclosure cleaning business, making it one of the leading small business opportunity for 2011 - and beyond.
Following is why.
The 2 Main Reasons Foreclosure Cleaning Remains a Hot Small Business Opportunity If you're willing to work hard, you can grow a foreclosure clean up business to be as large, or keep it as small, as you wish.
If you're serious about owning your own business, foreclosure cleaning is one to look at, mainly for the following reasons.
I.
Commercial Cleaning in General is a Fast-Growing, Top-Rated Business Opportunity Remember above when we said that commercial cleaning topped two of Entrepreneur's lists in 2010? Well one of those lists is the list of fastest growing franchises of 2010.
Of those, six of the top 10 fastest growing franchises were some type of commercial cleaning firm.
They are: Jan-Pro, No.
1; Stratus Building Solutions, No.
3; Anago Cleaning Systems, No.
5; CleanNet USA Inc.
, No.
7; Bonus Building Care, No.
8; and Vanguard Cleaning Systems, No.
10.
And the second list - best business franchises to start in 2010.
Of the top 10, two are commercial cleaning companies -- Jani-King and ServPro.
This is no accident.
One common-sense reason is that there's an evergreen need for commercial cleaning.
And, this is exactly the type of service that foreclosure cleanup businesses offer.
They trash out properties for real estate agents, do maintenance work for banks/lenders until they can be sold/rented and clean out properties for landlords after evictions/moveouts.
II.
Shadow Inventory Represents Opportunity for Cleaning Foreclosed Properties If you've never heard of the phrase "shadow inventory," you may not realize just how big an opportunity it represents for existing and wannabe foreclosure cleanup business owners.
Shadow inventory is simply foreclosed properties, or those that are about to be foreclosed on, that banks own that they haven't listed for sale yet.
The foreclosure crisis has lenders literally drowning in shadow inventory.
One of the main reasons banks hold onto properties, instead of promptly listing them for sale, is that they don't want to flood the market with more inventory, when the homes they already have aren't selling.
If they do, they are likely to get even less money.
So, they list a certain number, then hold off until some of those are sold (and this is not happening in great numbers right now), then list some more.
According to the article, Shadow Inventory of Homes Rising in the 11/22/2010 edition of the Wall Street Journal online:
"The "shadow inventory" of unlisted bank-owned homes and potential foreclosures increased to 2.Why Foreclosure Cleaning Businesses Will Always Be Profitable The American economy will recover - it always does.
1 million units in August [2010], up 10% from one year earlier,...
That's around eight months of supply, compared to a five-months' supply one year ago.
"
But even when it does, foreclosure cleaning businesses will continue to prosper.
Why/how? Because as long as real estate is bought and sold, it will need some type of work (cleaning, trashing out, yard maintenance, etc.
).
In reality, foreclosure clean up is just a synonym for real-estate services.
The same services are needed when foreclosures are at record highs, or record lows.
All you have to do is change how you market your services to keep the business flowing in.
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