Commercial janitorial franchise.. Anyone doing this???

[Switchin Lanes]

<div class="bbWrapper">Hello, I am currently in the process of gathering info with this. I know this isn&#039;t necessarily fastlane but I figure it will give me a little more &quot;free time&quot; to actually work on the good stuff and also raise some capital. I am on my lunch break @ work typing this so I will come back and type in the details. Has anyone done this from scratch or is anyone currently doing this willing to shar some insight. I would really appreciate it. <br /> <br /> smidget of background:<br /> My older brother&#039;s fiance has been working through this company for 4 years. This is her only job and now she is at the point where she doesn&#039;t work at all but rather runs it like a business. Her intial input was 9k with a guarunteed income of 3k per month for a year. Fast forward 4 years later and she still has her intial 4 year old franchise but now her and my brother re-invested in another one @ 16k. She swears by it and I can honestly say she is living really well. Of course this is the outside looking in and I do pick her brain a lot. But if there&#039;s anyone here with actual expericence with this I&#039;d looove to hear it.<br /> Thanks <br /> Charles</div>

 

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[YMCMB]

<div class="bbWrapper">I have also thought about this. I know its a popular business. Anyone have any insight?</div>

 

[SlimTycoon]

<div class="bbWrapper">What kind of insight would you like? <br /> <br /> I have extensive experience in this business.</div>

 

[MNentre]

<div class="bbWrapper">I work with these people on a daily basis since I manage 4 commercial properties. It is not fastlane in my opinion. There is a lot of management that has to happen day to day. We havent been able to find a good cleaning company, so the owner definitely hears an earful from me.</div>

 

[SlimTycoon]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="MNentre" data-source="post: 225638" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=225638" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-225638">MNentre said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I work with these people on a daily basis since I manage 4 commercial properties. It is not fastlane in my opinion. There is a lot of management that has to happen day to day. We havent been able to find a good cleaning company, so the owner definitely hears an earful from me. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Cleaning companies are not different than any other business. Not all CPA&#039;s are good nor are all cleaning companies good.<br /> <br /> <br /> <b><u>It most certainly is fastlane</u></b>. I know of a gentleman that built a janitorial services company to just under $1billion in annual sales in under 10 years. He did it by buying other janitorial companies and rolling them into one. I&#039;ve spent years as an Investment Banker, doing just want I described. Believe me, doing roll-ups is a VERY FASTLANE strategy. You can build massive wealth in under 5 years doing the above.</div>

 

[Rerun]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="SlimTycoon" data-source="post: 225643" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=225643" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-225643">SlimTycoon said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I know of a gentleman that built a janitorial services company to just under $1billion in annual sales in under 10 years. He did it by buying other janitorial companies and rolling them into one. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Can to share how you would go about acquiring so many companies so rapidly? I&#039;m guessing you need massive investment capital to do this, whether it&#039;s your money or someone else&#039;s?</div>

 

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[JEdwards]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="MNentre" data-source="post: 225638" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=225638" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-225638">MNentre said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> I work with these people on a daily basis since I manage 4 commercial properties. It is not fastlane in my opinion. There is a lot of management that has to happen day to day. We havent been able to find a good cleaning company, so the owner definitely hears an earful from me. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> The reason why is because most owners look for the cheapest people possible. When you chase the dollar down, you end up with bad service. <br /> <br /> <br /> <blockquote data-attributes="" data-quote="SlimTycoon" data-source="post: 225643" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=225643" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-225643">SlimTycoon said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Cleaning companies are not different than any other business. Not all CPA&#039;s are good nor are all cleaning companies good.<br /> <br /> <br /> <b><u>It most certainly is fastlane</u></b>. I know of a gentleman that built a janitorial services company to just under $1billion in annual sales in under 10 years. He did it by buying other janitorial companies and rolling them into one. I&#039;ve spent years as an Investment Banker, doing just want I described. Believe me, doing roll-ups is a VERY FASTLANE strategy. You can build massive wealth in under 5 years doing the above. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> Rolling up a ton of companies is fast lane, but the op didn&#039;t mention rolling up companies to create an empire. They are just wanting to start one.</div>

 

[MakeItHappen]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="Rerun" data-source="post: 225659" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=225659" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-225659">Rerun said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Can to share how you would go about acquiring so many companies so rapidly? I&#039;m guessing you need massive investment capital to do this, whether it&#039;s your money or someone else&#039;s? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote>The book Your First 100 Million by Daniel Peña talks about this. Maybe the book might be for you however the book doesn&#039;t come cheap... it costs $197 at the moment.</div>

 

[SlimTycoon]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="Rerun" data-source="post: 225659" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=225659" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-225659">Rerun said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> Can to share how you would go about acquiring so many companies so rapidly? I&#039;m guessing you need massive investment capital to do this, whether it&#039;s your money or someone else&#039;s? </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> MASSIVE? No. Some? yes.<br /> <br /> If you were to come up with $800K(&quot;yours&quot;, investors or SPECIALIZED LENDERS), believe it or not, you could acquire a $100 million/annual sales company. To answer your question. You&#039;ll use the profits from your &quot;platform company&quot; to reinvest in acquisitions. Buying 3-4 companies a year is not RAPID nor fast. That&#039;s what I like to call.... &quot;about right&quot;. <br /> <br /> Some Fortune 500 companies easily buy 12-15 companies a year. That&#039;s how MOST big companies become big. Google, Microsoft, Amazon....that&#039;s how they all get so massive. It&#039;s not purely demand for their products/services. ALL businesses have a plateau, ALL of them. You can only grow internally for so long. It&#039;s best to start off buying companies that way you don&#039;t hit your plateau to soon. There is a lot that goes on &quot;behind the closed business door&quot; that you&#039;ll never hear about unless you run in those business circles. <br /> <br /> <b><u>Most business books</u></b> have people misdirected and confused about business and the way things are really done.<br /> <br /> <br /> <br /> <br /> <br /> <br /> The least of concerns is the cash. There are dozens of ways to structure the deal to lessen capital outlay. <b>DOZENS.</b><br /> <br /> You can also raise private funding through private placements, etc.... I&#039;ll stop here because I could write an entire volume of books on buying companies.</div>

 

[SlimTycoon]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="JackEdwards" data-source="post: 225663" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=225663" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-225663">JackEdwards said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> The reason why is because most owners look for the cheapest people possible. When you chase the dollar down, you end up with bad service. <br /> <br /> <br /> <br /> <br /> Rolling up a ton of companies is fast lane, but the op didn&#039;t mention rolling up companies to create an empire. <b> They are just wanting to start one</b>. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> That is how you start 1 company. <br /> <br /> <br /> Cardinal Heath is a $100 billion company. It&#039;s a combination of over 150 acquired companies rolled into <b>ONE</b>. That&#039;s not an empire. It&#039;s one massive company. :00<br /> <br /> <br /> The point of me mentioning rolling companies was to make a point about the Janitorial Business being a good Fastlane opportunity. <br /> <br /> <br /> I&#039;ve been an investment banker for close to 15 years. I&#039;m passionate about the deal process and doing deals. Excuse me for going off topic, I do apologize. I love high level business and talking about it.<br /> <br /> :0)</div>

 

[Rerun]

<div class="bbWrapper">Good stuff. Do go on... <img src="/community/imgs/emoticons/em-smile2.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /><br /> <br /> Edit: Don&#039;t meant to encourage the thread from going too off topic and OP not getting his questions answered, but I like were this is going.</div>

 

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[InMotion]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="JackEdwards" data-source="post: 225663" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=225663" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-225663">JackEdwards said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> The reason why is because most owners look for the cheapest people possible. When you chase the dollar down, you end up with bad service. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> So true...this practice is so rampant it is unbelievable.</div>

 

[JEdwards]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="SlimTycoon" data-source="post: 225667" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=225667" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-225667">SlimTycoon said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> That is how you start 1 company. <br /> <br /> I&#039;ve been an investment banker for close to 15 years. I&#039;m passionate about the deal process and doing deals. Excuse me for going off topic, I do apologize. I love high level business and talking about it.<br /> <br /> :0) </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> The problem is most entrepreneurs will never get past one shop with a few employees. Most can dream of buying companies and rolling them up to some big conglomerate, but most will never even try.</div>

 

[Switchin Lanes]

<div class="bbWrapper">Wow, Its great to see some actual activity on this thread. <br /> Now please allow me to elaborate a little now that people seem to have interest in helping out. <br /> <br /> I&#039;m a recent college grad working a 30k a years job with a new little one. 30k was cool when it was only me. I was still able to stay up late nights studying, reading, making phone calls and all the things I needed to do to make progress on my businesses, but now I can&#039;t hustle as much on the side because of time being swallowed. While I know the franchise isn&#039;t fast lane at all. My intentions with this investment would be to help add capital with little time needed.<br /> <br /> The smallest entry level investment is 3k. This investment guarantees me a net annual income of 6k. while this isn&#039;t a huge profit or gain. I will be afforded more time to away from the 9-5 which in turn can be added to my actual passion work.. becoming wealthy.<br /> I am not a guru of any type and while I have read MJ&#039;S book I am still green and crave knowlege to improve my situation. My brother&#039;s fiance actually earns 9k of passive income(she owns 3 franchises and delegates all aspects of the business) from this very same company. This makes me comfortable at least trying this at a entry level as I know they can supply my company with the intial business that my current situation wouldn&#039;t not allow intially at least. <br /> Thanks for any input guys and excuse my ignorance. I am here to learn and I will be in the fast lane within 3-5 years I hope i can learn more here!</div>

 

[Switchin Lanes]

<div class="bbWrapper">I have many great plans but if this can be a current form of additional income to help me pay programmer,marketers..etc I wouldnt mind<br /> thanks again</div>

 

[theag]

<div class="bbWrapper"><blockquote data-attributes="" data-quote="Switchin Lanes" data-source="post: 226312" class="bbCodeBlock bbCodeBlock--expandable bbCodeBlock--quote js-expandWatch"> <div class="bbCodeBlock-title"> <a href="/community/goto/post?id=226312" class="bbCodeBlock-sourceJump" rel="nofollow" data-xf-click="attribution" data-content-selector="#post-226312">Switchin Lanes said:</a> </div> <div class="bbCodeBlock-content"> <div class="bbCodeBlock-expandContent js-expandContent "> The smallest entry level investment is 3k. This investment guarantees me a net annual income of 6k. </div> <div class="bbCodeBlock-expandLink js-expandLink"><a role="button" tabindex="0">Click to expand...</a></div> </div> </blockquote><br /> What? A passive ROI of 100% guaranteed? How does that work? Seems fishy to me.</div>

 

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[Brant Gregory]

<div class="bbWrapper">I have 30 year experience in this business.</div>

 

[JAVB]

<div class="bbWrapper">I just bought a Janitorial and Commercial Cleaning company for $500,000 - I&#039;ve never been in this business. The company has been around for 20 years. It gets $900k/ in revenue. No office (lease) no big overhead. Just 14 employees. Lots of work that is sub-contracted. Clients with the company for 4,7,10 years. Owner netting $185k/year. My goal is to learn all about it, grow it, and apply all the improvements I see can be applied. Then acquire other local ones or grow it state wide. Would love to hear tips from other previous or current Commercial Cleaning business owners.<br /> <br /> Sent from my SM-N9600 using Tapatalk</div>