3 Tips for Better Home Improvement Franchise Opportunity Evaluations in 2019
Getting started with a home improvement franchise opportunity is like entering into a partnership agreement: ultimately, its success depends on the experience, skills, and passion of both parties. In a perfect world, there would be a proven business formula and powerful brand name behind every home improvement franchise opportunity. But that’s simply not the case. In 2019, home improvement franchise opportunities abound, so prospective franchisees need to know how to separate the wheat from the chaff. Accordingly, today’s post is all about helping you find the perfect home improvement franchise opportunity. Read on for 3 tips to inform your home improvement franchise opportunity evaluations.
How to evaluate a home improvement franchise opportunity
Decide what you want out of the home improvement franchise opportunity.
Are you looking to dive head-first into a new career, “embrace the grind” and take on 40+ hour work weeks? Or do you want a business you can run on autopilot? Do you want to be on the front lines with hammer in hand, or would you rather play a management or executive role? Do you want to work year-round or only during certain seasons? Do you want to offer a complete set of home, kitchen, and bathroom services, or more of a “niche” company? Ultimately, only you can answer these questions, but it’s important that you do! Decide what you want out of a home improvement franchise opportunity and then look for a system that suits your goals. Kitchen Solvers is extremely flexible in this regard. Whether you want a spot on the installation crew or would rather focus on sales, our system will work for you.
Consider the cost.
Once you’ve assessed your financial situation and calculated your available working capital, you need to determine how much your prospective home improve franchise opportunity is going to cost. Get the investment details. Does the start-up investment include the franchise fee? Does it include equipment costs? If your business needs a brick-and-mortar location, is rent included in the price? Beware of exceptionally low start-up costs. Some franchisors post stripped-down start up figures to attract buyers, when in reality that price does not include much–you may have to cover your own marketing costs, equipment, cash flow, etc. The Kitchen Solvers home improvement franchise opportunity averages $65,810- $90,580 in start-up costs, which includes the franchise up to $25,000 in liquid capital to cover you in case of shortfalls and emergencies. This low price is possible because our sleek and mobile business model eliminates much of the overhead that would be required for large staff and brick-and-mortar locations.
Take a closer look at the training program.
Reputable franchisors do not skimp on training, both initial and ongoing. Beyond familiarizing you with the franchise’s products, operating methods, and procedures, your training should cover back-office administration, employee management, methods of advertising and promotion, and more. The Kitchen Solvers training program is one of the cornerstones of the Kitchen Solvers Advantage. You will learn how to use our state-of-the-art marketing platform; how to close more sales with our Platinum Sales Process; how to set and meet big business goals with the Franchise Vision Plan; how to make more impressions and convert prospects to clients; how to manage vendors and products; and, of course, learn how to install every bath, kitchen, and home improvement product you can imagine. We don’t skimp on training! Visit http://www.kitchensolversfranchise.com to learn more about our home improvement franchise opportunity.
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