How Big is Kitchen and Home Remodeling Industry

Kitchen Solvers has tapped into the $352 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 $158.6 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:

 

Kitchen and Bath Industry Valued at  $158.6 Billion 1

 

83% of homeowners who purchased a home last year did home improvements ( 33% in the kitchen) 2

 

Average kitchen remodels range from $23,452 – $68,490 3

Review a few of our more recent blogs for more information:

Sources:

  1. https://nkba.org/research/nkba-2021-kitchen-bath-market-outlook/
  2. https://www.kitchenbathdesign.com/post-pandemic-rebound-seen-in-2021/
  3. https://kitchensolvers.com/kitchen-remodeling-cost/

We Are Professionals

Kitchen Solvers Franchise Ownership

  • $16,987.59

    Average Ticket

  • 46%

    COGS

  • 13%

    Labor

  • 41%

    Gross Profit Margins

  • $658,704.31

    Average Sales

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