Hi Luke,
My business partner and I are just about to start up a wheelie bin cleaning business in Solihull & Worcestershire area.
We bought a van off someone on ebay. We traveled to Weymouth to pick it up, its a LWB transit with the kit already fitted to the back of the van. The van is an M reg with 189k miles on the clock, so it's done a few miles but we had a service inspection and viewed the van to be worth buying. It had already been sign written on the sides and back so reduced cost for us, we just changed the phone numbers as we deciede to keep the business name as it was and the seller transfered his domain name so we could attached it to our site. More saving.
We paid £4000 for the van and equipment on the back. The equipment is worth about £2000-£2500 so the van was quite cheap for its condition.
We had a look at a few websites of companies selling the equipment and for what we wanted we would have needed to spend at least £6-£10k.
The franchises that we looked at we £15-£24K so we thought this van was the best option, so at least if the business fails then we can still sell the van and equipment and hopefully not lose too much money.
We've only just touched the serface with a canvass trial and the response was quite possitive.
We are looking to start within the next few weeks to try and get a few customers a day, enough to give us about 2 hrs worth of work as we are both still employed but waiting for our redunancy dates which we expect to be in November.
We are the same as you for competion. We only really know of 1 other person who operates in our area so we thought the same as you that the market place is massive. In redditch alone there are about 50k houses and a van can only really cope with 3k cleans a month, theres just not enough hours in the day to do the whole area from one van.
I obviously think its a good idea, there are plenty of companies that have failed but as to why, well I don't know. I think you've just got to try and work hard and you will get the results that you want.
I hope this has been a bit of help to you, a bit long winded I suppose..
Regards
Simon