Uncertainty is a reality of business. In 2020, that reality is even more pronounced having brought in the New Year to news of widespread bushfires, followed by the global COVID-19 pandemic and now a recession. Even the AFL premiership season is up in the air!
Like all capital equipment, the purchase of commercial floor sweepers, power scrubbers or other industrial floor cleaning equipment, should be viewed as an investment rather than an expense. ROI forecasts in capex plans are somewhat theoretical. But what if there was a way to create more certainty for your industrial floor cleaning equipment ROI? The kind of certainty that’s sure to put a smile on your CFO’s face…
What is ROI?
ROI is a measure used to determine the profitability of an investment. It calculates the difference between your outlay and what you get back from your investment. ROI is typically presented as a percentage, positive or negative.
Conquest Finance Manager Joshua Doxey explains “When purchasing any capital equipment, a business should always consider the ROI and payback period along with the asset’s ability to scale with business growth”.
When calculating the ROI of a floor cleaning machine, the cost of labour is priced into the amount of time saved. Quicker, more efficient floor cleaning reduces paid time on the job, which ultimately saves you money.
Choosing the “right” machine
To optimise ROI, the question to ask yourself is, “which is the right machine for the job?”. For the budget conscious, it might seem wise to choose the least expensive option. But if that machine does not clean the full width of the aisle, frequently requires recharging or does have adequate tank capacity to complete the shift, then productivity is impacted with unnecessary additional time spent on the task. That additional time expense will likely more-than-offset any perceived gains achieved by opting for a less expensive, less suitable model.
The equipment best suited to your unique floor cleaning requirements always achieves the highest ROI and is therefore a more prudent investment, even when factoring a greater asset price.
There are many considerations when selecting the right floor cleaning equipment for an efficient clean, to fully maximise ROI. This includes:
- Size and layout of the floor space
- Surface type
- Any ramps or gradients
- Any impediments or restrictions to access, such as under warehouse racking
- Environmental considerations, such as dust, spills, moisture or debris
- Indoor and/or outdoor use
- Health and Safety requirements
- Business growth and expansion plans
For even greater ROI certainty, you will want the assurance that your investment is protected for the life of the machine. So it can be most beneficial to understand:
- The warranty term and inclusions
- Machine servicing and maintenance options
- Technical support
- Local access to spare parts and consumables
- Ongoing operator education
- Any value-add guarantees or offers, such as our Conquest 60-day money back guarantee
Conquest give you certainty
At Conquest, we strive to bring more surety and certainty to business, giving you the confidence that your ROI forecasts for your floor cleaning assets are reliable. We have the tools to calculate your ROI quickly and easily, and we’ll work with you to ensure you get the right equipment for optimum efficiency. The best part? Clean floors are guaranteed.
Contact us today on 1800 826 789 to discover get the best return on your next floor cleaning investment.