Businesses in this industry provide services of restoring machinery, equipment, and other products to working order, as well as routine maintenance to ensure that they do not break down in the future and cause unnecessary repairs. There are multiple sectors within this sub industry, including electronic and computer maintenance, commercial and industrial machinery maintenance, and personal and household goods repair and maintenance. Although there is some overlap with the auto repair sub industry, the maintenance industry is still a distinct category.
The COVID-19 pandemic has had a mixed effect on the industry — while some operations had clientele that remained closed throughout the pandemic, other operations saw an increase in revenue as their clients frantically ordered extreme and frequent cleaning. These differences in clientele have led to significant disparities between the success of various sub industries within the cleaning and maintenance industries.
The Paid-in-Full Rate is when the SBA loan is fully paid off by the small business owner including interest, indicating financial strength.
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off by the small business owner.
For every 11 SBA loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Non-Franchise Businesses taken into account: 20,381
Over the past few decades, the advent of personal technological devices such as computers and cell phones has created a subset within the maintenance industry that deals with maintenance and repair for these personal devices. However, as disposable income rises and it becomes cheaper to buy a replacement device than maintain or repair an existing one, this industry is expected to experience a decline in revenue. The other major subset of the maintenance industry is one of machinery and heavy equipment maintenance. The pandemic has severely curtailed profits, especially with the separation of essential and non essential businesses by the US government. Stay-at-home orders have created a disruption in the global supply chain, which have correlated with a decline in demand for maintenance services. It is estimated that industry revenue declined 12.6% in 2020 alone.
Average Cleaning Franchise Industry Percentage Fees
Standard Cleaning Franchise Industry Investment
This metric is the standard industry investment amount for a single unit franchise investment in this industry. Our research and analytics team analyzed over 107 franchise concept investment breakdowns in order to calculate this figure.
The is the SBA loan fully paid off including interest in the franchise industry, indicating financial strength.
The Charged Off Rate is the SBA loan default rate where loans have no confidence in being paid off.
For every 5 SBA franchise loans fully paid including interest, 1 SBA loan was unable to be paid back, or defaulted.
-SBA Loan Data from 2010-2019
-Franchise Businesses taken into account: 1,840
Learn more about the Cleaning & Maintenance Services Industry
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