The home services industry has the biggest potential to blossom, providing business owners with opportunistic ventures into recession-resistant businesses. There has never been a better time to explore options. It has never been easier to invest in firms around cleaning, yard care, plumbing, HVAC, and other home-related services, and let’s face it, you can also invest in features that people are always going to need, so it’s likely your business wouldn’t experience downturns in demand. If you too are looking for an established business that has room for growth, in this guide you will find the top home services for sale. Whether you want to buy a business that you will be able to work in relatively less or semi-absent, one of these will be for you.
A home service business for sale offers the owner many advantages with respect to repeat customers, being scaleable, and offering franchise and license opportunities.
Residential Cleaning Services
Residential cleaning service businesses are a sub-sector of the home service sector that continues to flourish because there are always more and more homeowners and renters looking for reliable, professional cleaning services. These businesses require low initial investment (cleaning supplies and equipment, plus staff), which is why residential cleaning appeals to first-time buyers. In addition to being low-cost and competitive, many residential cleaning companies are subscription-based, which affirms demand and consistent revenue.
If you are considering the purchase of an existing cleaning business, take a look at its clientele, its contracts, and its reputation. Older cleaning companies often come with existing trained employees and loyal customers, so you don’t have to worry about starting one yourself. One of the great things about residential cleaning services is that the overhead is often quite low, but the profit is high.
Landscaping and Lawn Care
Lawn maintenance is just as important to homeowners as the roof over their head, which is why landscaping and lawn care providers can be very profitable. These services include mowing, fertilizing, tree trimming or pruning, and hardscaping. The landscaping industry benefits from seasonality of demand, allowing for websites to diversify revenues; for instance, in the winter you would do snow removal.
When you purchase an established landscaping business, you will usually be acquiring equipment, a list of clients, and maintenance contracts that are ongoing. While there is enough potential wiggle room in the demand for residential work, landscaping companies can grow rapidly with new business through referrals and as the owner expands the offerings of the businesses — such as snow removal in the winter months.
HVAC (Heating, Ventilation, and Air Conditioning)
HVAC is essential to the running of residential and commercial properties alike, as HVAC companies do the installation, maintenance, and repair of climate control systems. HVAC is a recession-resistant business since these systems must be maintained regularly for the best efficiency. As an HVAC business relies on skilled technicians who have proper licensing, you might find it favorable to purchase an existing business with trained staff.
When shopping for an HVAC company, examine its service agreements, inventory of equipment, and certifications. Like other service-based businesses listed here, once you have these good customers in your queue, you should be careful to keep them and your company as is. Many companies also have the means to make recurring revenues with maintenance contracts so you are guaranteed your cash flow.
With climate change on everyone’s minds these days, there is no stopping the demands for energy-efficient systems; with everything from thermostats and furnaces to solar panels, there will be work and opportunity available in this industry for the foreseeable future.
Plumbing Services
Plumbing businesses will always be in demand because of emergency plumbing repairs, installations, and maintenance. Homeowners and property management systems will use licensed plumbers to repair leaks, install pipes, and service water heaters. An already established plumbing business means you will have an existing base of customers as well as already hired licensed, skilled tradespeople.
Before buying a plumbing business, you should always review the reputation of the business along with the company’s service area, any licensing compliance, and area demand. Plumbing businesses associated with emergency (after-hours) plumbing tend to have higher pricing and demand as well. Based on the regular service calls and higher profit margins associated with plumbing services you will find this to be a solid opportunity if you are an entrepreneur looking to start a business offering stability.
The Finale
Regardless of whether you choose to enter the cleaning, landscaping, HVAC, plumbing, handyman, pest control, or moving/junk removal space, investing and starting a home service business means stability, recurring revenue, and growth potential too. Investigate and assess the opportunities as they arise. Each opportunity presents a unique advantage, whether that be market demand, higher pricing, reduced competition, or exponential scalability. An existing customer base, trained staff, and operational system reduce the disadvantages often associated with starting a business.
Take the time to investigate market demand and competition for each opportunity. With the right opportunity and strategy, you can build a profitable home service business. Start browsing existing listings and start your search for your next opportunity today!
