5 Things To Know Before You Invest in a Kitchen Remodeling Franchise
Today’s post shares 5 things every entrepreneur should know before investing in a kitchen remodeling franchise.
Is this business sustainable?
Knowing that unpredictable housing market fluctuations can throw entire economies into recession, can a business that targets homeowners really be sustainable?
Though the housing market’s instability might keep realtors up at night, it’s not a problem for kitchen remodeling businesses. In fact, it’s a boon: some of the greatest demand for remodeling projects comes from homeowners who are settling in to wait out hostile realty conditions. On the other hand, those who are about to sell often invest in quick remodels to up their market value. Simply put, the remodeling business is good under any realty market conditions.
More importantly, the remodeling business is built around the fundamental human need for creature comfort. People have made improvements to their dwellings for the entirety of human existence. Today, remodeling has grown into a $305-billion industry that is expected to grow by at least 6% every year for the foreseeable future.
If you need any more proof, look no further than Kitchen Solver’s 35-year history of success – we hitched our wagon to the kitchen remodeling business, and it’s taking us places! To date, we have remodeled over 45,000 kitchens, and opened up a number of additional revenue streams for our franchisees while establishing ourselves as a “one-stop-shop” within the industry.
How much can I make?
The only way to know whether starting a kitchen remodeling franchise fits your business goals is to have an idea of how much you can make. Once you understand your earning potential, you can plan properly for the future.
Of course, individual earnings will be influenced by a variety of factors. Some owners use Kitchen Solver’s as an add-on to their existing remodeling or ancillary work, while others commit full-time. Additionally, there are various levels of investment to explore, each with their own return potential.
That said, we can give you a general idea of the profit your kitchen remodeling franchise can generate. Though we cannot post specific owner earnings here, we can share a table representing our franchisees’average gross profit on services.
How much does it cost to get started?
Starting your own kitchen remodeling franchise is surprisingly affordable. Entrepreneurs can get started in this $305-billion industry for as little as $65,000. Full cost breakdown for single-unit investors available here.
What services can I offer?
Starting a kitchen remodeling franchise with Kitchen Solver’s is about much more than cabinetry. For the 35 years since our launch, we’ve worked hard to establish ourselves as America’s “one-stop-shop” for kitchen and bath remodeling. In that time, we’ve expanded our service suite to include:
- Design ideas and consultations
- Storage solutions
- Flooring and backsplashes
- Lighting installations, and much more!
Know which services you want to include in your business before getting started. Our franchisees have the option of specializing or maximizing their revenue potential by training in all channels. And don’t feel limited by your current knowledge (or lack thereof!) – our top tier training and support services will teach you everything you need to know.
What makes a good Kitchen Solver’s franchisee?
You don’t need kitchen remodeling experience, and you don’t need millions of dollars. In fact, many of our most successful franchisees came from unrelated careers – you can read their stories here.
We ask for strong work ethic, people skills, a passion for learning, and a coachable attitude.
If you want to explore next steps, visit https://www.kitchensolversfranchise.com to receive an information packet or book your free consultation.Back