5 Things You Should Know About The Cabinetry Business
The cabinetry business offers great opportunities for hardworking entrepreneurs. If you want to own your own business, you can do a lot worse than to own a cabinetry business. Here are five things you should know about the cabinetry business.
1. A Glut Of Home Refinance Applications Indicate Plenty Of Opportunities For Cabinetry Businesses.
In March 2020, home refinance applications surged by a remarkable 79%. Now, there are many causes for this. This doesn’t mean that the demand for new cabinets rose by 79%. But many home improvement jobs do involve cabinetry and if you operate a business that can make and/or install cabinets, you can expect a steady stream of business.
2. The Money In The Kitchen And Bath Industry Indicates A Healthy Cabinetry Business.
The kitchen and bath industry is valued at $130.8 billion dollars (USD). Many, if not the majority, of significant home renovations involve the kitchen and/or bathroom. And many kitchen and bathroom jobs involve installing new cabinets. Thus, this massive $130.8 billion figure indicates yet more opportunity for cabinetry businesses.
3. Kitchen Remodels Are Not Cheap Jobs.
It’s hard to bore down and get clear numbers on this—there is no national register of kitchen remodel jobs—but the average kitchen remodel costs somewhere in the range of $23,000 – $136,000. This is a lot of money and any job that costs that much likely involves new cabinets. A gig job such as the cabinetry business can be unsettling because there’s no guaranteed paycheck, but when the opportunities you do receive involve sums these large, it’s not hard to turn a comfortable profit.
4. Owning A Cabinetry Business Gives You The Opportunity To Enjoy The Fruits Of Your Labor.
Most people looking for cabinetry business opportunities want an active life. Not just active in the sense of actively making something instead of sitting in front of a computer all day, though many cabinetry business makers do enjoy doing some of the work themselves, but active in that you’re creating something. At the end of a job, you can admire your hard work and actually see what you’ve accomplished. Don’t underestimate the mental and emotional boost you can get from being able to fully appreciate your hard work.
5. The Opportunity For Deals.
Buying a cabinet business from a successful franchisor gives you the opportunity to take advantage of exclusive discounts from top-notch vendors. Buying high quality hardware at reduced rates gives you a real leg up on the competition.
Kitchen Solvers Franchise