Looking for a profitable franchise opportunity? Homeowners spent $538 billion on home improvement projects in 2021. Sales in these home services should reach $621 billion by 2025.
And there is no shortage of franchising opportunities in the home improvement industry. These are successful businesses with low overhead and minimal inventory. In addition, there is a wide range of industries where you can start.
What is a Home Improvement Franchise?
Home improvement franchises involve businesses related to home improvement and maintenance. There is a wide range of proven business model options that include exterior improvements, painting, kitchen and bathroom renovations as well as maintenance and repair services. And these are just a few of the options for franchise opportunities.
Be your own boss, help residential clients or even work with clients in commercial markets.
The home improvement industry in 2023
The home improvement market was worth at least $384 billion in 2020. Forecasts place home improvement franchises and trade professionals in even better positions going forward.
Home services of this kind had a market size of $558.3 billion in 2022. In 2023, the number is projected to grow to $577.3 billion. All the more reason to deal with a place with registered trademarks and an established brand.
Why You Should Consider a Home Improvement Franchise
These statistics should provide some business franchise inspiration. However, you may need a push to become one of the new franchise owners in the home improvement category.
Here are 5 more reasons it makes sense to answer the call.
There is a low entry barrier
These types of home services are usually among the lowest cost franchises. Many don’t even require a large staff. Some remodeling activities like painting can be a sole proprietorship.
You will get repeat business
If a customer likes your exterior painting services, they will call or refer you. Often, franchisees provide interior finishing services. Either way, there is often more than one project in the queue.
Baby Boomers are looking to age in place
The kitchen remodeling business will do well for boomers who want to be able to maneuver in their homes as they age. Profitable remodeling projects also include bathroom remodeling.
These Franchises cover different services
The franchise company sells different services in this space. House painting and home inspections are just two of the possibilities. There are many businesses to choose from. From floor coverings to interior design and even cleaning and maintenance services.
Don’t forget to look at opportunities you might not have thought of at first. Like Miracle Method Surface Refinishing. This service avoids major construction projects. They use a unique miracle surface process method involving acrylic.
Below is a list of just a few of the existing franchises looking for franchisees. Looking for some of the top picks? The entrepreneur has a Franchise 500 ranking for 2022.
You will have a proven system to work with
Home service franchises often provide training and ongoing support. In addition, you will gain increased buying power that puts you ahead of other small businesses.
A parent company offers a proven system that even includes marketing support in the package. In the digital world, a successfully copied link can lead to a pending request for a new project. Even when the business is brick and mortar.
Top Home Improvement Franchise Opportunities
An initial investment can make small business owners franchisees. Here are some of the top opportunities to accept questions.
1. Budget Blinds
Budget Blinds offers virtual and in-home consultations, as well as installation and measurement services. They are part of the family of brands under the Home Franchise Concepts umbrella.
Budget Blinds has an initial finance charge of $19,950.
2. Doors & Wardrobes One Day
A $100,000 cash minimum is required here. This home service franchise offers 3-D measurement technology for custom and painted doors. They offer full training and have little or no competition.
3. Bathroom coordination
This is an excellent SBA approved franchise opportunity. They even offer proprietary software for this scalable, low overhead business model. Bath Tune-Up offers opportunities in Canada and the United States.
4. Interior decoration
These interior designers have been in business for over 50 years. Decorating Den Interiors offers mentors and coaches and access to over 150 brand name manufacturers and suppliers.
5. California Closets
This is a brand that has been around since 1978. As the name suggests, the California cabinetry company provides storage solutions, systems and custom closets. Learn more about franchising with their exclusive range here.
6. US insulation
There is an initial charge or investment here of $171,000 to $364,000. USA Insulation has been around for 35 years.
7. Wardrobes By Design
Wondering about your profit margins? This company has increased its unit count by 118% in the last three years. This kind of growth is the main indicator of a great franchise. They offer high gross margins that need to keep inventories low.
8. CertaPro Painters
Interior/exterior painting services require an initial investment ranging from $148,000 to $221,000. They are located in Pennsylvania and are part of First Service Brands.
9. ProSource Wholesale
A large initial investment since the prospective clients are not homeowners. They serve contractors, builders, real estate professionals and others in the industry. Franchisees sell at low prices through purchasing power.
10. Screenmobile
The initial investment for this franchise is $92,000 to $184,000. They offer screens, enclosures and patios, screen doors and other similar products. They offer window coverings for sun control and other products as well. Average gross sales are $371,612. Existing franchisees even offer testimonials.
More of the best Home Improvement Franchises
Home improvement franchises provide a way to put window replacement and other skills to work. There are many different revenue streams to explore.
11. iFoam.
The minimum cash required here is $100,000. Opportunities are available throughout the US. Franchisees have access to SEO and PPC services.
12. RooterMan
You will get a plumbing, septic and drain cleaning franchise here that is low cost. Franchisees are members of the Premium Service Brands organization. This means you can get company support around the clock. The franchise fee is $7,475.
13. Concrete crafts
Another one of the franchise opportunities that suits applicants with a craftsman connection. These concrete overlays are a good stone restoration treatment. A scalable home business with dealer opportunities across Canada and the US.
14. iDeal Furniture
This company encourages franchisees to set up distribution centers and sell furniture. You will have access to networks of wholesale suppliers.
15. Kitchen solvers
This opportunity began in 1982. Franchisees need no previous experience. They will deal with sales and service. Ongoing training and support is included along with a two-week training course. Here is a link to Kitchen Solvers franchising opportunities.
16. Restoration Paul Davis
This is a franchise organization that takes care of damages from mold, fire and storm water disasters. The average gross sales for a two-year-old franchise was nearly $4 million. There are over 300 locations in the United States and Canada.
17. HouseMaster
This is a respected name in home inspections with over 310 franchise locations. There are 541 units and the initial investment starts at $499,313.
18. Five Star Table
Royalty fees are 6 percent. The franchise fee is up to $40,000. They operate 175 franchises in America.
19. PuroClean
This is considered a fast growing franchise in the emergency services space. There is an initial investment of $72,732. You can start three weeks of training in their Academy.
20. The Great Frame Up
They offer custom framing, giftware, and art and wall decor. Great Frame Up offers third party funding locations and sources available.
Here are also some good reference materials. Entrepreneur Media has an excellent franchise center. And here’s another list to check out.
How to choose the best Franchise to build a successful business
There are many different franchises to choose from. You will need to have a few boxes to select to narrow down your options. Here are a few that can guide you to the right franchise.
- Consider your own experiences and talents. You need to choose a business model that matches your skill set and appeals to your interests. This is how you will be successful.
- Decide how you want to participate. Absentee owners hire staff who manage things on a day-to-day basis. Other franchisees are directly involved owner-operators.
- Finding a franchise that has a strong support system is critical. They should provide features like ongoing training and a marketing system that works.
- You should do the math to make sure the franchise is within your budget. Initial investment costs and franchise fees should be considered.
Here is a great place to start your search.
How much does it cost to open a home improvement franchise?
According to Franchise Direct, all home improvement franchises require you to come up with an initial investment. This number starts at around $50,000 USD and can go into the hundreds of thousands and up.
Is a Home Improvement Franchise a Profitable Business?
Yes. The International Franchise Association reports that the industry added 232,000 jobs in 2020.
There is more good news. Flooring is trending as a top franchise. The pandemic has made kitchen and bath remodeling another growing market for home improvement franchises. If you’re looking for more business franchise inspiration, follow the decorative concrete industry. This is part of the positive dynamic found in home renovation.
The home improvement franchise industry is durable and reliable. Plus, there are so many businesses to choose from. Harvard University even has a futures program that studies trends in the industry. It publishes a report on various subjects such as smart home technologies and energy efficient products.
YOU MIGHT ALSO LIKE:
Image: Envato Elements