The power washing business can be a rewarding endeavor. The industry is fairly profitable and there are a lot of opportunities to grow your business.
Stephen Rogers from NW Softwash brings in over $30k a month and he started his business from scratch! There are some important things to know before you start your own power washing company. Read on for some ideas.
Costs
There are a number of costs associated with running a power washing business. These include purchasing the necessary equipment, business licenses, insurance, and a contractor’s permit. In addition, there are also ongoing costs such as fuel and maintenance.
Pricing for pressure washing services can vary greatly depending on location, types of services offered, and competition. It is important to decide on prices that will allow your company to make a profit and cover expenses. You can do this by secretly shopping for other companies in your area to see what they charge for their services.
A common way to price a power washing service is to use the square footage method. To do this, you will need to measure the length and width of the working area. You can then multiply these values to get the total square footage of the work area. You can then use this information to create a price estimate for your customers.
Equipment
The equipment required for starting a power washing business can be quite costly, especially if you have to purchase everything brand new. It includes a pressure washer, surface cleaner, nozzles, chemicals, and a trailer or truck to transport your equipment. Additionally, you need to pay for a contractor license and business permits.
It’s essential to have the right amount of equipment in order to provide top-quality services to your clients. A professional with years of experience can clean a home or office in half the time as someone who is new to the industry.
You’ll also need a dedicated space to store your tools and machinery. Ideally, this should be in a garage or shed to protect it from weather and theft. In addition, you need to keep complete records of all expenses on QuickBooks or another accounting software. This will streamline tax filing and reduce errors. Mike’s Power Washing presently services residential and commercial properties in Manhattan, Brooklyn, Queens, Nassau & Suffolk County Long Island.
Insurance
Power washing is dangerous work and the powerful spray can damage property. General liability insurance protects against third-party bodily injury and property damage claims. It’s required to set foot on most commercial job sites and is affordable through Thimble.
Tools & equipment coverage is also necessary. It ensures your equipment is protected if it’s in a vehicle, storage shed, or at a client’s home. It’s usually an add-on to the general liability policy. Commercial property insurance offers protection for your business locations, equipment (including pressure washers), inventory, and misplaced keys & locks. It’s usually required if you have a mortgage or lease a space.
Professional liability insurance is another essential coverage for pressure wash businesses. It helps defend your business against claims of professional negligence that cause clients to lose money. Hiscox is one of the few insurers to offer this specific type of policy for small businesses. They have a long history in the industry and are able to provide cost-effective premiums for power wash contractors.
Marketing
Starting a power washing business is an exciting and rewarding opportunity for new entrepreneurs. However, there are many things you need to consider before making the decision to start your own business. From the initial startup costs to marketing strategies, there are a variety of factors that can affect your profitability.
Marketing your pressure washing business can be a tricky task, especially when you’re just getting started. You need to balance promoting your business with handling the daily tasks involved in running a small business. This includes invoicing, contracts, scheduling, and payments. Fortunately, there are some great tools out there that can help with these tasks, including Joist and Jobber.
Additionally, you should focus on local marketing efforts to reach potential clients. This can include distributing flyers in your neighborhood or leaving your cards at local businesses. Finally, make sure to always go above and beyond your client’s expectations to generate word-of-mouth referrals. This will help your business grow and gain more customers. Check out this webpage.