Many companies who are just starting out are unsure which is the best way to acquire outdoor surfaces for their pressure washing business.
There are two main ways, renting or leasing. Each has its own pros and cons. By considering the state of your business and what you hope to achieve, you can determine which option is best for you.
Leasing
One of the easiest ways in which you can get hold of land for your pressure washing business is by leasing it. This means that you don’t have to buy it outright and this means that it will be much cheaper for you as well. This is a great option if you don’t have the money to buy the land right now and if you aren’t sure whether or not the location is going to be good enough for your needs. There are usually lots of different types of lease options available as well so it is worth looking into these.
Pros
- Builds equity/credit history
- More control over location
- Long term investment opportunity
- Leave when lease expires or sell property
Cons
- More expensive than renting
- Long term commitment (usually)
- You need to maintain property and pay taxes
Renting
Renting is also another great option if you don’t have enough money to buy your own land at the moment. It is often quite cheap and it means that if anything goes wrong with the land then it won’t be a burden for you to move to another one.
Pros
- Cheaper than leasing
- No long term commitment
- Less responsibility for maintenance
- You can leave at any time
Cons
- Doesn’t build equity/credit history
- No control over location
Factors to Consider When Deciding to Lease, Rent,Buy Pressure Washing Business Land
- Your Budget
How much money do you have available for the project? If you don’t have significant funds, then you may not be able to buy land outright. However, if you have the funds and aren’t sure whether it’s best to buy or lease, speak with an accountant about which option is best for you.
- The Location
The location of your business is important because it can impact the amount of traffic you receive. You want to choose a location where your customers will be able to find you easily and one that’s convenient for them.
- The size of the property
This is also important because it will determine how many pressure washers you’ll be able to accommodate at one time. If you plan on offering other services besides pressure washing, such as auto detailing or window washing, then choose a larger piece of land so this won’t be an issue in the future.
- Availability of Room Expansion
Whether or not there’s room for expansion. Consider how much room there is on the property for expansion before making a final decision. Remember its always easier to expand.
- Land Cost and Availability
One thing that is going to impact your decision about whether or not to lease, rent or buy land for your business is availability and cost. You can find out about available properties by checking online real estates. You can also search through local newspapers and put out ads asking if people want to sell their land.
Once you are settled about the land, Giraffetools collections brings you their best pressure washers at the best prices.
