3 Signs You’ve Found a Good Cabinetry Business Opportunity
Are you considering starting a cabinetry business? We’ve outlined 3 more essential considerations to add to your checklist.
1. Look For A Company That Thinks Outside The (Cabinet) Box.
The cabinetry business is good, but owners who focus entirely on this niche service end up leaving lots of money on the table.
In fact, the approximate value of national home improvement and repair expenditures (i.e. remodeling) was $339 billion in the first quarter of 2019. That’s a 7% increase from last year, according to Harvard University’s Joint Center for Housing Studies.
Companies that offer multiple remodeling services under one roof also benefit from a “complementary marketing” effect. Since homeowners typically remodel in “clusters” (i.e. pursuing multiple changes–backsplash, countertop, cabinets, etc.–all at once), businesses that offer more than one service become more attractive to a potential client.
Don’t have the skills to branch into other remodeling services? That brings us to the next point…
2. Make Sure The Business Is Selling For The Right Reasons.
Ask yourself why the seller is offering this cabinetry business opportunity.
Are they looking to expand the brand or penetrate new markets? Great!
Are they trying to offload a company that went broke or has liability issues coming down the pipeline? Run away!
Kitchen Solvers falls under the first categorization. We currently have more than 44 franchise outlets throughout North America. We are offering an opportunity to grow with a company that has 30+ years of success. We are currently accepting applications for our new locations. Learn more.
3. Understand The Training You Need To Start A Cabinetry Business.
New cabinetry business start-ups rarely have money to burn, so it’s a good idea to minimize mistakes by understanding your strengths and weaknesses as a business owner. Many new cabinet business owners require skills in marketing, business planning, vendor/product management, and cabinetry installation. Rarely does a person possess all of these skillsets. This leads to expensive mistakes and costly delays.
High quality training makes all the difference. By following proven processes and learning only what you need to know from established experts, you can close the skill gap between you and the competition, while avoiding the costly errors beginners are prone to make.
You should be prepared to understand the following:
- How to install cabinets, countertops, flooring, and more
- How to set and smash business goals
- How to run a breakeven analysis, measure key performance indicators, and generate leads
- How to create and manage high-performance local marketing campaigns across multiple platforms
- How to develop meaningful partnerships with clients
- How to manage vendors and products
Kitchen Solvers trains all our franchisees on these essential business skills and works with each individual to support their weaknesses and make them thrive with their strengths. Put yourself in the best position to succeed. Learn more.
High quality training will also help with your retention rate. As Falon Fatemi writes in Forbes magazine, “a culture of learning is what makes people stick around.” Ongoing training and easy access to learning resources keeps employees engaged, while also ensuring they stay up to date with evolving best practices.
Kitchen Solvers wholeheartedly promotes a culture of learning. In addition to our initial training program, which includes hands-on installation practice in a controlled environment, we offer ongoing coaching and support in vendor/product management, business planning, marketing, and the finer points of Platinum Sales.
Additionally, franchisees get access to comprehensive manuals and training guides. With Kitchen Solvers, you automatically have a team supporting you in every area of business you need to know to be successful.
Learn More About Kitchen Solvers Cabinetry Business Opportunity.
Visit our website or call 608-615-7399 to book a free consultation with one of our business development specialists.