Can Millennials Find Success in a Cleaning Franchise?Author: Merry Maids
With franchise start-up costs ranging from a couple of thousand dollars well into the millions, a house cleaning system is feasible for many budding entrepreneurs. It requires about $50,000 to open a Merry Maids franchise. Well-qualified buyers are eligible for financing that can cover 80% of the initial franchise fee. Veterans, women, and minorities can qualify for additional discounts.
A Ready-Made Market
Today, millennials are between 23 and 38. While some are still just entering the workforce, millions are juggling careers, side gigs, marriage, and kids. In a quest for better work/life balance, many are hiring –– you guessed it –– a maid service.
The trend is only expected to grow. According to the Star Tribune, half of 25- to 34-year-olds use a house cleaning service because they’re swamped or simply prefer to spend their time in other ways. Many say they’d forgo lattés and avocados to make room in the budget for housekeeping. That’s why some of today’s best franchises for young entrepreneurs are time-saving services.
For millennial franchisees, this means selling to a ready-made market of their peers. Along with seniors, single parents, boomers, and other key segments, millennials can seize on a market they truly understand.
Franchisee Austin Schneeweis has grown his business from one location to five in less than four years. “I wouldn’t have been able to expand so quickly without the group around me,” he says. “It definitely feels like a family. This whole experience has been extremely gratifying.”
At Merry Maids, it’s clear that millennials, and even brand-new college grads, can make successful franchisees. Tech-savvy, adaptable, and environmentally conscious, millennials are highly motivated to chart their own career course. With the backing of an established brand, and plenty of ongoing support, a cleaning franchise can be the perfect fit.
Interested in charting a new career course with Merry Maids? Learn more.
* Source: www.carpet-rug.org