Financial Controller Andrew Proverbs reflected on all the ways that company wide stability was ensured when the pandemic first began.
According to Andrew, “We helped our franchisees access all the support on offer to maintain the [cashflow] that is the lifeblood of their businesses, including applying for the furlough scheme.”
Because Minster Cleaning jumped into action so quickly, franchisees with the cleaning franchise were in the strongest possible position early on in the pandemic. Although the general turnover dropped by 37% across the network during the first half of 2020, all was back to pre-pandemic levels by October.
Now, as the UK reopens and the country resurfaces from the worst of COVID-19, franchisees have been able to take advantage of increased demand for hygiene and cleanliness. Minster Cleaning has solid foundations that have seen it through an unprecedented year.
Franchisees have been supported in every possible way, from assistance with day-to-day financial issues like invoicing, billing and payroll, to the provision of advice on accounting systems, business plans, HMRC compliance and data analysis.
Andrew said of the support that Minster Cleaning provides, “Our franchisees come from lots of backgrounds. Some have really valuable skills in marketing or sales, but perhaps haven’t experienced running a finance department. That’s why we tailor our support to each new franchisee. We’ve been in the business a long time and are one of the UK’s leading commercial cleaning franchises, which means we have a huge amount of knowledge to share and can take away some of those finance headaches.”
To become a Minster Cleaning franchisee, you’ll need to make a minimum investment of £20,000, with total investment costs of £60,000. To find out more about the commercial cleaning franchise, visit its profile page, linked above.
Lily Sweeney, Point Franchise ©