Industry Analysis & Industry Trends
The industry suffered during the recession as consumers changed their preferences to hardwood or laminate flooring and disposable incomes fell. As the economy moves into a recovery, incomes will climb, supporting demand for carpet cleaning services. Furthermore, increased household formation rates will benefit the industry... purchase to read more
Industry Report - Starting a New Business Chapter
There are low barriers to entry for the Carpet Cleaning industry. The industry is highly fragmented. Furthermore, there are minimal industry-specific regulations and a low level of capital intensity. There is, however, a high degree of competition in the industry.
Start-up costs vary depending on location and the scale of operations. New businesses will need to secure an operational facility to store equipment. Furthermore, companies will need to purchase vehicles to transport equipment to client homes and businesses. Additionally, new entrants will need to purchase carpet cleaning equipment which may come in the form of equipment for: steam cleaning, dry cleaning, bonnet cleaning, shampoo cleaning or foam cleaning which necessitates slightly different cleaning equipment... purchase to read more