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How Much Does A Carpet Cleaning Business Make in Australia?
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Each year, the carpet cleaning industry generates $1.6 billion in revenue for the Australian economy. Aspiring business owners may want to take advantage of this growing industry with famously high-profit margins. If this line of work interests you, you probably want to know how much a carpet cleaning business can make in Australia?
How Much Does A Carpet Cleaning Business Make in Australia?
There are many factors that impact how much profit a carpet cleaning business can make in Australia. First, let’s look at the total potential revenue. Most carpet cleaners work independently. Their income will be based on the number of jobs that they can complete in a week. Most jobs are priced based on the size of the area being cleaned.
On average, this works out to approximately $40 to $60 per hour. Keep in mind that some hours will be spent on business activities such as bookkeeping or sales. These hours will not generate any revenue. Based on this, the average solo carpet cleaner can expect to bring in $75,000 to $100,000 in revenue.
From this revenue, you will need to pay for things like taxes, vehicle maintenance, supplies, and payroll (if you hire a team). The good news is that carpet cleaning has one of the highest profit margins (before taxes) at about 95%. Taxes will likely be your biggest expense. After all costs and taxes, most carpet cleaning businesses are left with approximately $60,000 to $75,000 per year. Of course, this all depends on how well you can control your costs.
Fortunately, there are some things you can do to improve your profit margins or generate additional revenue:
- Hire Additional Workers - Carpet cleaning businesses that run multiple crews can complete more work in a week, generating more revenue. The only downside is that you have to pay these workers’ salaries.
- Outsource Business Operations - Hiring an accountant, for example, to do your bookkeeping may make sense if the cost is less than what you could make spending that time cleaning more carpets. The same goes for website design, sales, and other business activities.
- Invest in Higher Quality Equipment - Equipment will be your largest expense when operating a carpet cleaning business. Higher quality equipment will cost more upfront, but it will likely last longer and have a lower cost in the long run.
Protecting Your Business With Insurance For Carpet Cleaners
To maximize your profits, you need to keep your expenses as low as possible. However, you don’t want to cut corners on your insurance policy. A single lawsuit for personal injury or property damage can be very expensive. That's why you should check out upcover's instant quote generator, where you can get an estimate on insurance for carpet cleaners in seconds!
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