This sounds like a fantastic opportunity for growth. However, there are a few things you may want to consider before making a decision:
1. **Resources:** Do you have enough manpower and equipment to handle a project of this size? If not, would you be able to hire more staff and purchase the necessary equipment without straining your company's finances?
2. **Experience:** Does your team have any experience working on commercial projects? If not, you may need to invest time and money into training your team or hiring experienced employees.
3. **Market Research:** Have you done any market research to determine the demand for commercial janitorial services in your area? If the demand is high, it might be worth investing in a commercial division.
4. **Competition:** What does the competition look like? If there are several other companies offering commercial janitorial services, you'll need to develop a unique selling proposition to stand out.
5. **Contract Terms:** What are the terms of the contract? How much will you be paid and when? How long is the contract for? These are all important factors to consider.
6. **Risk Assessment:** What are the risks involved? If the project doesn't go as planned, how much could this potentially cost your company?
If after considering these factors you decide to go ahead with the project, you could start by dipping your toes in the pond. Take on the 32,000 sqft project and see how it goes. If it's successful and profitable, then consider starting a commercial division. This way, you can test the waters without committing fully from the outset.
