Assessing Pest Companies for Sale: 3 Steps to Better Evaluations
The pest control industry is booming and franchise opportunities abound. So how do you choose which company to work with?
Today’s post is meant to help you choose the best business investment by sharing 3 assessment tips.
Look For Multi-service Business Models That Maximize Your Revenue
To properly evaluate the profitability of pest companies for sale, you need to understand the three main components of generating cash flow: revenue, costs, and capital outlays.
Revenue, sometimes referred to as “gross sales,” is the total amount of money that the pest control company generates.
When evaluating pest companies for sale, it’s a good idea to focus on business models with multiple revenue streams. For example, the Pestmaster franchise model gives operators the tools and training to provide a variety of pest control for residential, commercial, and government clients, along with vegetation control services. Compared to niche pest control services, like pest companies focused solely on bed bugs or rodent control, multi-service models give owners the most sales opportunities. And generally speaking, the more opportunities to make money, the better.
To maximize your earnings, our system focuses sales on affluent residential areas, large-scale commercial residential complexes, industrial parks, and other major commercial opportunities, while also building a strong base of local, state and federal government contracts for recurring revenue.
Compare The Cost Structures Of Different Pest Companies For Sale
The exact costs incurred to manage and grow a business, which include personnel, marketing, advertising, product costs, rent, royalties, and utilities, will differ from one market to the next. But comparing the cost structures of different businesses in your area will help you identify good and bad opportunities.
Generally speaking, pest control business costs should be low, particularly in the start-up period. Many pest controls businesses are run from home, which completely cuts office overhead (and actually qualifies you for some juicy tax write-offs). Furthermore, most start as single-person operations, which eliminates personnel expenses. Once your licenses and training costs are covered, marketing materials and equipment are going to be your only significant expenses.
This is why the Pestmaster franchise opportunity is available at such an affordable rate. Most companies start from scratch for $30,000 to $80,000.
If you’re considering pest companies for sale at a price significantly higher than that, you need to do some research and make sure that extra money is benefiting you.
Take A Deeper Look At The Marketing Support
Business pundits often say that marketing is the key to monetization. And rightly so; after all, even the best pest control company won’t make a sale if customers don’t know they exist.
Good franchises furnish a robust marketing plan for franchisees to follow. Great franchises provide not only marketing plans upfront but also support and learning opportunities that span your whole career.
That’s why, in addition to proven-effective marketing templates and co-op advertising, Pestmaster offers ongoing marketing education to keep you apprised on evolving best practices and emerging advertising technologies.
Learn More About The Pestmaster Opportunity
Visit our website or call 817-862-7177 to speak with a franchise development specialist.Back