Pressure washing is a great investment. It can improve the look of your home, the curb appeal, and then, in turn, the value of your home. That’s why it’s no surprise so many homeowners are interested in learning more about pressure washing.
Pressure washing can be a very lucrative, low-cost business to enter into. But it does require some capital upfront. The cost to start one of these kinds of businesses is typically in the thousands if not tens of thousands of dollars. These kinds of numbers are usually too steep for small-time investors.
It’s no secret that pressure washing can be a lucrative business. There are hundreds of people out there thinking about how they can make money from this portable, clean-up job. But what are the facts? What do you need to know before you jump in?
The Pressure Washing Business
The pressure washing business is booming. But it’s important to understand the ins and outs of the industry before you jump in. There are two ways to start a pressure washing business small, owner-operated businesses, or franchise models. The process for each is different.
Franchise models often require you to buy a franchise package with training and support before you can get started. These packages can be expensive, but they’re a way for people with experience to make money on the side without investing their own cash up front.
Small-scale pressure washing businesses have few requirements. You can purchase equipment from rental stores or online sources, figure out how much it will cost to run your business, and start cleaning as many homes as you want.
How to Start Pressure Washing Business and the Finance
Your customer base will depend on your location, but there are three key factors that affect your success: access to customers, time of day, and price points. Many people turn water washers on at 8 am or after work when they’re done with their household chores and don’t need them again until the next day. But if this schedule doesn’t work for you, take advantage of other times of day or weekends. You’ll want to price
There are lots of pressure washer financing options out there, but the term “pressure washer financing” can be a bit misleading. Most of these services allow you to take advantage of a short-term loan to purchase your pressure washer. The loan is usually paid back with interest or by selling off your credit card debt or other assets.
The terms vary, but typical terms include a 60-day term and an interest rate of between 10% and 20%. You also have to make principal payments on time, which could mean doing some heavy work before your next paycheck.
Depending on the cash flow you have coming in, these loans are often a good choice if you need to buy an expensive piece of equipment, like a pressure washer or an industrial vacuum system. However, they may not be a good fit if you have large amounts of credit card debt or no income at all.
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