Kitchen Solvers has tapped into the $527.36 billion home remodeling industry. Kitchen and bath remodeling has seen its ups and downs throughout the years, but it is never going to go away. Most people have a kitchen and whether it is something that they moved into, or something they’ve created, chances are they will want to update at least one kitchen throughout their lifetime. It is estimated that $173 billion is spent on kitchen and bath remodeling. Kitchen Solvers has been around since 1982 and has seen volatility in the economy. The kitchen remodeling franchise has been recession resilient and has always been able to flex with the everchanging demand. It is continually growing and Kitchen Solvers fits a niche that allows us to provide simple upgrades all the way to a complete overhaul of the kitchen. This allows for fluidity in offerings and a consistent pulse on the latest trends and industry changes. Some of the most recent information about the kitchen and bath remodeling industry are:
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Kitchen and Bath Industry Valued at $173 Billion 1 |
83% of homeowners who purchased a home last year did home improvements (33% in the kitchen) 2 |
The industry is projected to grow at a compound annual growth rate of 4.6% from 2024-2030 1 |
Sources:
Average Revenue of Top-Third
Average Materials Expenses
Average Installation Expenses
Average Gross Profit Margins
Average Number of Jobs
