Do you want to start a foreclosure cleanup company? If YES, here is a detailed sample foreclosure cleanup business plan template & FREE feasibility report.

This type of business can be started by someone who is already into similar services (services such as residential cleaning services business or general cleaning business). If you have experience in this regard, it will be easier for you to start and effectively run a foreclosure cleanup business.

Foreclosure cleanup business is a business that basically engage in the cleanup of foreclosure properties. Their service offerings include interior cleanup, yard cleanup, hauling of rubbish and debris, lock changing and other general cleanup of the home and yard.

A Sample Foreclosure Cleanup Business Plan Template

Industry Overview

Foreclosure cleanup business is a business that basically engage in the cleanup of foreclosure properties. Their service offerings include interior cleanup, yard cleanup, hauling of rubbish and debris, lock changing and other general cleanup of the home and yard.

A foreclosure property is a piece of real estate that a mortgage lender sells to pay off a defaulted mortgage loan. Every foreclosure culminates in a public auction where the lender sells the property and anybody can purchase the property.

Foreclosure cleanup business is niche business idea in the janitorial services industry and this is an industry that clean building interiors, the inner parts of transportation equipment (e.g. aircraft, railcars and ships) and windows. Industry activities include contract cleaning services for factories, retail outlets, shopping centers and malls, business and government offices, trains and airlines and house-cleaning services.

The Janitorial Services industry has grown over the five years to 2019. Demand for commercial cleaning services, the industry’s primary product segment, increased over the past five years, as rising corporate profit led to an increase in business cleaning expenditure.

Furthermore, strong revenue expansion has encouraged many sole proprietors and small-business owners to enter this industry because it has relatively few barriers to entry.

While increasing demand for industry services has led to price growth for residential and commercial cleaning contracts during this period, rising competition, driven by growth in the number of janitorial services companies, has dampened industry profit margins.by growth in the number of janitorial services companies, has dampened industry profit margins.

Nevertheless, over the five years to 2024, industry revenue is projected to increase. Over the next five years, a robust economy will lift demand for cleaning services from businesses and households. The janitorial services industry is indeed a very large industry and pretty much thriving in all the parts of the world especially in developed countries such as United States of America, Canada, United Kingdom, Germany, Australia and Italy et al.

Statistics has it that in the United States of America alone, there are about 870,916 licensed and registered janitorial services companies (foreclosure cleanup companies inclusive) and related businesses responsible for employing about 1,890,016 employees and the industry rakes in a whooping sum of $61 billion annually with an annual growth rate projected at 4.0 percent.

A recent report published by IBISWorld shows that in the coming five years revenue for the Janitorial Services industry to decrease at an average annual rate of 1.7 percent and total $40.6 billion. During this period, the Great Recession has hampered industry growth because it caused many businesses to curtail expansion plans, cut staff or even shutter operations.

As the number of companies declined, demand for janitorial services fell and significant priced-based competition for remaining contracts grew. As a result, industry revenue declined 5.2 percent to total $41.8 billion in 2008 and 6.1 percent to total $38.3 billion in 2009. The downward trend has since reversed, but revenue is only expected to grow 1.5 percent in 2011 because the economy remains weak.

The commercial market is the primary driver of industry growth because most janitorial services are geared toward corporate buildings, municipalities and retail outlets.

In the commercial market, growth has been hampered by the retail, finance and real estate sectors, all of which were decimated by the Great Recession. Many finance and real estate firms were forced to consolidate operations or file for bankruptcy in the aftermath of the subprime mortgage crisis and real estate bubble collapse

Over and above, the foreclosure cleanup services business all over the world are still enjoying good patronage particularly if they are well positioned and if they know how to reach out to their target market (businesses, government and household et al).

Executive Summary

Gordon Richards® Foreclosure Cleanup Services, Inc. is a standard and licensed foreclosure cleanup services company that will also provide top – notch foreclosure cleanup services to a wide range of clientele. The business will be located in will in North Charleston, South Carolina – United States of America and we will cover other neighboring cities.

We chose to operate in this city because we know that our services will be in high demand due to the growing activities in the real estate and property investment / mortgage industry. Gordon Richards® Foreclosure Cleanup Services, Inc. offer service offerings that include interior cleanup, yard cleanup, hauling of rubbish and debris, lock changing and other general cleanup of the home and yard and other related cleaning service.

We are well trained and equipped to service the market segments that require foreclosure cleanup services. Although our intention of starting a Gordon Richards® Foreclosure Cleanup Services, Inc. is to offer only the above stated services, but we will not close our doors to diversification (additional services) as long as it does not affect our core services.

We will offer both in – station (within the state) and out – off station (outside of the state) services. Our customers will have the options of choosing from our different packages – we have the plans to serve both individual clients (households) and corporate clients (industries and the government) as well which is why we designed various packages.

At Gordon Richards® Foreclosure Cleanup Services, Inc. we are passionate in the pursuit of excellence and financial success with uncompromising services and integrity which is why we have decided to start our own foreclosure cleanup services business; we are in the industry to make a positive mark.

We are quite optimistic that our values and quality of service offering will help us drive our foreclosure cleanup services business to enviable heights and also help us attract the numbers of clients that will make the business highly profitable.

We are a company that will be dedicated to establishing good business relationship with our clients giving them value for their money and reasons for them to hire our services over and over again. We are quite aware that in order to become the number one choice in our city, we must continue to deliver quality services and that is exactly what we will do.

We are open to the use of latest technology in the janitorial services industry. No doubt our excellent customer service and the range of services we offer will position us to always welcome repeated customers and handle massive deals from both government agencies and mortgage companies.

Our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.

Gordon Richards® Foreclosure Cleanup Services, Inc. is owned and managed by Gordon Richards and his immediate family members. Gordon Richards graduated from Illinois Institute of Technology, he studied Facility Management. He has well over 15 years of hands on experience working with some of the leading brands in the janitorial services industry in the United States of America.

Our Services Offerings

Gordon Richards® Foreclosure Cleanup Services, Inc. is a standard and licensed foreclosure cleanup services company that will offer a wide range of services that revolves around the janitorial services industry and other complementary services.

We intend giving our customers every reason to always come back which is why we have customized our services. Basically, our services will involve us going out to services of clients’ needs. These are the services we will offer as a foreclosure cleanup services company;

  • Providing interior building cleaning services
  • Providing yard cleanup, hauling of rubbish and debris, lock changing and other general cleanup of the home and yard of a foreclosed property
  • Other related cleaning and maintenance and repair services

Our Mission and Vision Statement

Our Vision is to become the number one foreclosure cleanup services company in the whole of North Charleston – South Carolina with active presence in major cities in the United States of America.

  • Our Mission Statement

Our mission as a foreclosure cleanup services company is to develop a highly successful, profitable all round Foreclosure cleanup services business which provides quality services in our community and to become a standard for an ideal Foreclosure cleanup services business not only in the State of South Carolina but also throughout the United States of America where we intend opening our operations and selling our franchise.

  • Our Business Structure

We are quite aware that the success of any business lies in the foundation on which the business is built on, which is why we have decided to build our foreclosure cleanup services company on the right business foundation.

As a matter of fact, we are set out to build a foreclosure cleanup services business. that will be a standard for the janitorial services industry in the United States of America. We want to build a business of dedicated workforce who will go all the way to ensure that our customers are satisfied and they get value for their money.

In other to achieve this, we aware that it takes a business with the right employees and structure to achieve all what we have set to achieve, which is why will be putting structures and processes in place that will help us deliver excellent services and run the business on auto pilot.

The success of our foreclosure cleanup services business. will be anchored on the team not on any individual. With the wide range of our service offerings, we are only expected to employ more than it is required to run a conventional foreclosure cleanup services business.

Definitely, we will have various employees to man the various services offering of Gordon Richards® Foreclosure Cleanup Services, Inc. Gordon Richards® Foreclosure Cleanup Services, Inc. will employ professionals and skilled people to occupy the following position;

  • Chief Executive Officer
  • Human Resource and Admin Manager
  • Accountant / Cashier
  • Marketing and Sales Executive
  • Cleaning Technicians (6)
  • Client Service Executive
  • Truck / Van` Drivers

Job Roles and Responsibilities

Chief Executive Officer – CEO:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Creating, communicating, and implementing the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Reports to the board

Admin and HR Manager

  • Responsible for overseeing the smooth running of HR and administrative tasks for the organization
  • Design job descriptions with KPI to drive performance management for clients
  • Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
  • Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
  • Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
  • Defining job positions for recruitment and managing interviewing process
  • Carrying out staff induction for new team members
  • Responsible for training, evaluation and assessment of employees
  • Responsible for arranging travel, meetings and appointments
  • Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
  • Oversee the smooth running of the daily office activities.

Marketing and Sales Executive

  • Identify, prioritize, and reach out to new clients, and business opportunities et al
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of projects.
  • Writing winning proposal documents, negotiate fees and rates in line with organizations’ policy
  • Responsible for handling business research, market surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develop, execute and evaluate new plans for expanding increase sales
  • Document all customer contact and information
  • Represent Gordon Richards® Foreclosure Cleanup Services, Inc. in strategic meetings
  • Help increase sales and growth for Gordon Richards® Foreclosure Cleanup Services, Inc.

Accountant / Cashier

  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
  • Responsible for financial forecasting and risks analysis.
  • Performs cash management, general ledger accounting, and financial reporting for the organization
  • Responsible for developing and managing financial systems and policies
  • Responsible for administering payrolls
  • Ensuring compliance with taxation legislation
  • Handles all financial transactions for Gordon Richards® Foreclosure Cleanup Services, Inc.
  • Serves as internal auditor for Gordon Richards® Foreclosure Cleanup Services, Inc.

Client Service Executive

  • Welcomes clients and visitors by greeting them in person or on the telephone; answering or directing inquiries.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the manager in an effective and timely manner
  • Consistently stays abreast of any new information on the organizations’ products and, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

Cleaning Technicians (6):

  • Responsible for handling core services such as interior cleanup, yard cleanup, hauling of rubbish and debris, lock changing and other general cleanup of the home and yard and other related cleaning service
  • Handle any other duty as assigned by the manager,

Truck / Van Driver:

  • Responsible for transporting equipment, supplies and workers to project site
  • Run errand for the organization
  • Handle any other duty as assigned by the manager,

SWOT Analysis

Foreclosure cleanup services business is one of the many businesses that can easily generate sales with little stress as long as they are well positioned and equipped to carry out their services. We are building a standard foreclosure cleanup services business with variety of services which is why we have decided to subject our business idea (company) to SWOT Analysis.

Ordinarily we can successfully run a normal foreclosure cleanup services business without the stress of going through the required protocol of setting up a new business including writing a detailed business plan, but because of the nature of the kind of foreclosure cleanup services business we want to establish, we don’t have any option other than to follow due process.

We hired the services of Mr. Long – John Boniface, an HR and Business consultant with bias in startups to help us conduct SWOT analysis for our company and he did a pretty job for us. Here is a preview of the result we got from the SWOT analysis that was conducted on behalf of Gordon Richards® Foreclosure Cleanup Services, Inc.;

  • Strength:

Gordon Richards® Foreclosure Cleanup Services, Inc. is centrally located in a thriving real estate and business district in North Charleston – South Carolina; our location is in fact one of our major strength. Another strength that counts for us is the power of our team; our workforce and management. We have a team that are dedicated and well – groomed in the janitorial services industry.

  • Weakness:

Gordon Richards® Foreclosure Cleanup Services, Inc. is a new business which is own by an individual (family), and we may not have the financial muscle to sustain the kind of publicity we want to give our business and also to attract some of the highly experienced technicians in the janitorial services industry.

  • Opportunities:

We are centrally located in one of the busiest property market and mortgage areas in North Charleston, South Carolina and we are open to all the available opportunities that the city has to offer. Our business concept also positioned us to be a one stop shop in the janitorial services industry.

  • Threat:

Some of the threats that are likely going to confront Gordon Richards® Foreclosure Cleanup Services, Inc. is unfavorable government policies, downturn in the economy which is likely going to affect consumers spending and of course emergence of new competitors within the same location where our business is located.

MARKET ANALYSIS

  • Market Trends

The property cleaning market is a market that is dependent on loads of factors. The fact that it helps keep our environment clean and also help in saving energy gives room for people to patronize the business. As a matter of fact, it is now common and trendy to find foreclosure cleanup services, house cleaning companies and industrial cleaning companies leveraging on ‘Climate Change and Save Energy’ to market their services.

Of course, foreclosure cleanup services respond to the increase in the inability for people to meet up with the payment of their mortgage. Foreclosure is what happens when a homeowner fails to pay the mortgage. If the owner can’t pay off the outstanding debt, or sell the property via short sale, the property then goes to a foreclosure auction. If the property doesn’t sell there, the lending institution takes possession of it.

Another common trend in the janitorial industry is that in the bid to survive global economic melt – down and to ensure steady flow of income to effectively run the business, most foreclosure cleanup services companies engage in other related services. Some of them even go as far as establishing a general house cleaning, snow removal services and a carpet cleaning business simply because they all fall within same line of business.

Our Target Market

Before choosing a location for our foreclosure cleanup services business, we conducted our feasibility studies and market survey and we were able to identify those who will benefit greatly from our service offerings. Basically, those who will benefit from our service offering are mortgage companies, property investors, households, facility managers, real estate companies, constructions companies and government et al.

They cut across various sectors of the economy. Below is a list of the people and organizations that our foreclosure cleanup services is designed for;

  • Property investors
  • Mortgage companies / banks
  • Facility managers
  • Interested buyers of foreclosed properties
  • Property auctioning companies

Competitive Advantage

Our competitive edge is that Gordon Richards® Foreclosure Cleanup Services, Inc. is centrally located in a thriving real estate and mortgage business district in North Charleston – South Carolina; our location is in fact one of our top competitive edge.

Another competitive edge that we are bringing to the table is the power of our team; our workforce and management. We have a team that are dedicated and well – groomed in the janitorial services industry.

We can confidently say that the location of Gordon Richards® Foreclosure Cleanup Services, Inc. will definitely count as a positive for us amongst any competitor that might start a foreclosure cleanup services business or any other related business in same location where ours is located.

For the time being, Gordon Richards® Foreclosure Cleanup Services, Inc. has no real competitors that can compete with the quality of services we offer and our business offerings et al. Our customer service will be customized to meet the needs of all our customers.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category (startups foreclosure cleanup services business and other related businesses in the United States) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

SALES AND MARKETING STRATEGY

The marketing strategy for Gordon Richards® Foreclosure Cleanup Services, Inc. is going to be driven basically by excellent customers service and quality service delivery. We will ensure that we build a loyal customer base. We want to drive sales via the output of our jobs and via referral from our satisfied customers.

We are quite aware of how satisfied customers drive business growth especially businesses like Foreclosure cleanup services business and related services.

Gordon Richards® Foreclosure Cleanup Services, Inc. is a business that is strategically located and we are going to maximize the opportunities that is available which is why we spend more to locate the business in a location that will be visible and accessible to our target market.

Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of Gordon Richards® Foreclosure Cleanup Services, Inc.

Gordon Richards® Foreclosure Cleanup Services, Inc. is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our foreclosure cleanup services business by sending introductory letters alongside our brochure to corporate organizations, mortgage companies, foreclosure property auctioning companies, property investors and key stake holders in North Charleston, South Carolina.
  • Print out fliers and business cards and strategically drop them in offices, libraries, public facilities and train stations et al.
  • Use friends and family to spread word about our business
  • Post information about Gordon Richards® Foreclosure Cleanup Services, Inc. and the services we offer on bulletin boards in places like schools, libraries, and local coffee shops et al
  • Placing a small or classified advertisement in the newspaper, or local publication about Gordon Richards® Foreclosure Cleanup Services, Inc. and the services we offer
  • Leverage on referral networks such as agencies that will attract clients who would need our customized services
  • Advertise Gordon Richards® Foreclosure Cleanup Services, Inc. in relevant magazines, newspapers, TV stations, and radio station.
  • Attend relevant expos, seminars, and business fairs et al to market our services
  • Engage in direct marketing approach
  • Encourage the use of word of mouth marketing from loyal and satisfied customers
  • Join local chambers of commerce and industry to market our services.

Sources of Income

Gordon Richards® Foreclosure Cleanup Services, Inc. is established with the aim of maximizing profits in the janitorial services industry and we are going to go all the way out to ensure that we do all it takes to attract both individual clients and corporate clients on a regular basis.

Gordon Richards® Foreclosure Cleanup Services, Inc. will generate income by offering the following services;

  • Providing interior building cleaning services
  • Providing yard cleanup, hauling of rubbish and debris, lock changing and other general cleanup of the home and yard of a foreclosed property
  • Other related cleaning and maintenance and repair services

Sales Forecast

One thing is certain, there would always be mortgage companies, property investors and foreclosure auctioning companies who would need the services of foreclosure cleanup services business from time to time.

We are well positioned to take on the available market in North Charleston, South Carolina and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our Foreclosure cleanup services business and our clientele base.

We have been able to critically examine the foreclosure cleanup and maintenance services industry – market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in North Charleston, South Carolina.

Below is the sales projection for Gordon Richards® Foreclosure Cleanup Services, Inc., it is based on the location of our business and of course the wide range of related services that we will be offering;

  • First Fiscal Year (FY1): $250,000
  • Second Fiscal Year (FY2): $350,000
  • Third Fiscal Year (FY3): $550,000

N.B: This projection is done based on what is obtainable in the pressure washing and industrial cleaning industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Our Pricing Strategy

Our pricing system is going to be based on what is obtainable in the foreclosure cleanup and maintenance services industry, we don’t intend to charge more (except for premium and customized services) and we don’t intend to charge less than our competitors are offering in North Charleston, South Carolina.

Be that as it may, we have put plans in place to offer discount services once in a while and also to reward our loyal customers especially when they refer clients to us.

  • Payment Options

The payment policy adopted by Gordon Richards® Foreclosure Cleanup Services, Inc. is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Gordon Richards® Foreclosure Cleanup Services, Inc. will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via online bank transfer
  • Payment via mobile money
  • Payment via Point of Sales Machines (POS Machines)
  • Payment via check
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payments for our services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials.

Publicity and Advertising Strategy

Gordon Richards® Foreclosure Cleanup Services, Inc. is set to create a standard for foreclosure cleanup services business. in North Charleston, South Carolina and throughout the United States of America which is why we will go all the way to adopt and apply best practices to promote our business. Good enough there is no hard and fast rule on how to advertise a foreclosure cleanup services business.

We will ensure that we leverage on all conventional and non – conventional publicity and advertising technique to promote our foreclosure cleanup services business. Here are the platforms we intend leveraging on to promote and advertise Gordon Richards® Foreclosure Cleanup Services, Inc.;

  • Encourage our loyal customers to help us use Word of Mouth mode of advertisement (referrals)
  • Advertise our foreclosure cleanup services business. in relevant magazines, local newspaper, local TV stations and local radio station
  • Promote our business online via our official website
  • List our business on local directories (yellow pages)
  • Sponsor relevant community programs
  • Leverage on the internet and social media platforms like; Instagram, Facebook, twitter, et al to promote our brand
  • Install our Bill Boards in strategic locations all across North Charleston and other neighboring cities
  • Leverage Direct coupon mailing approach
  • Engage in roadshow from time to time in target communities in and around North Charleston
  • Distribute our fliers and handbills in target areas such as construction sites, residential estates and business districts et al

Startup Expenditure (Budget)

We have been able to pull cash together that will be enough for us to successfully launch a standard foreclosure cleanup services company in North Charleston, South Carolina, US. These are the key areas where we will spend our start – up capital on;

  • The total fee for registering the business in North Charleston, South Carolina – $750.
  • Legal expenses for obtaining licenses and permits – $1,500.
  • Marketing promotion expenses (2,000 flyers at $0.04 per copy) for the total amount of $3,580.
  • The cost for hiring Business Consultant – $2,000.
  • Insurance (general liability, workers’ compensation and property casualty) coverage at a total premium – $30,800.
  • The cost for purchase of accounting software, CRM software and Payroll Software – $3,000
  • The cost for leasing facility for our corporate office and store – $70,000.
  • The cost for facility remodeling – $50,000.
  • Other start-up expenses including stationery – $1000
  • The amount needed for phone and utility deposits – ($3,500).
  • Operational cost for the first 3 months (salaries of employees, payments of bills et al) – $100,000
  • The cost for Start-up inventory – $15,000
  • The cost for (cash register, security, ventilation, signage) – $13,750
  • The amount needed for the purchase of cleaning equipment and supplies – $50,000
  • The cost for the purchase of furniture and gadgets (Computers, Printers, Telephone, TVs, tables and chairs et al) for the office: $4,000.
  • The cost of launching our official Website: $600
  • The cost for our grand opening party: $5000
  • Miscellaneous: $5,000

We would need an estimate of two hundred and fifty thousand dollars ($250,000) to successfully set up our foreclosure cleanup services company in North Charleston, South Carolina. Please note that this amount includes the salaries of the entire staff member for the first month of operation and the amount could be more or lower.

Generating Funds / Startup Capital for Gordon Richards® Foreclosure Cleanup Services, Inc.

Gordon Richards® Foreclosure Cleanup Services, Inc. is a business that will be owned and managed by Gordon Richards and his immediate family members. They are the only financier of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

  • Generate part of the start – up capital from personal savings and sale of his stocks
  • Generate part of the start – up capital from friends and other extended family members
  • Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 (Personal savings $70,000 and soft loan from family members $30,000) and we are at the final stages of obtaining a loan facility of $150,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

Sustainability and Expansion Strategy

Part of the plans we have in place to sustain Gordon Richards® Foreclosure Cleanup Services, Inc. is to ensure that we continue to deliver quality services, improvise on how to do things faster and cheaper. We are not going to relent in providing conducive environment for our workers and also the required trainings that will help them deliver excellent services at all times.

From our findings, another factor that kills new business is financial leakages. In order to plug financial leakages, the management of Gordon Richards® Foreclosure Cleanup Services, Inc. adopt the use of payment machine and accounting software to run the business.

We are quite aware that our customers are key component to the growth and survival of our business hence we are going to continuously engage them to give us ideas on how to serve them better. We will not waste time in adopting new technology, best practices and diversifying our services; expand our product and service offerings once the need arises.

Our key sustainability and expansion strategy as a business is to ensure that we only hire competent and technically sound employees, create a conducive working environment and employee benefits for all our staff members. We know that if we implement our business strategies, we will grow our Foreclosure cleanup services company beyond North Charleston, South Carolina to other states in the U.S in record time.

Check List / Milestone

  • Business Name Availability Check: Completed
  • Business Registration: Completed
  • Opening of Corporate Bank Accounts: Completed
  • Securing Point of Sales (POS) Machines: Completed
  • Opening Mobile Money Accounts: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of Insurance for the Business: Completed
  • Acquiring office facility and remodeling the facility: In Progress
  • Conducting Feasibility Studies: Completed
  • Generating capital from family members: Completed
  • Applications for Loan from the bank: In Progress
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents and other relevant Legal Documents: In Progress
  • Design of The Company’s Logo: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
  • Recruitment of employees: In Progress
  • Purchase of the needed pressure and industrial cleaning equipment, electronic appliances, office appliances and cleaning accessories and supplies: In progress
  • Creating Official Website for the Company: Completed
  • Creating Awareness for the business both online and in the neighborhood: In Progress
  • Health and Safety and Fire Safety Arrangement (License): Secured
  • Opening party / launching party planning: In Progress
  • Establishing business relationship with key stakeholders, mortgage companies, foreclosure property auctioning companies, vendors – suppliers of all our needed cleaning accessories and supplies et al: In Progress.
Solomon. O'Chucks