Deal or No Deal: How To Evaluate Cabinet Companies For Sale
Inspired by the popular game show Deal or No Deal, today’s post shares some tips to help you evaluate cabinet companies for sale and avoid making a disastrous deal!
Stop Playing ‘deal Or No Deal’ With Cabinet Companies For Sale
Have you ever seen Deal or No Deal?
The American version of the popular game show debuted in 2005 and instantly became a smash hit. To play, the contestant chooses one briefcase from a selection of 26, each of which contains a cash value from $0.01 to $1,000,000. Over the course of the game, the contestant eliminates cases, first at random, then more strategically as they try to guess which case contains the most money. The goal is to pick the best briefcase or to sell it to the “Banker” for a good chunk of money.
This game show is exciting because it leaves everything to chance and forces a blind pick that invites disaster and windfalls in equal measure–which is exactly what you don’t want to be doing when selecting a franchise opportunity.
And yet, this is exactly what some investors’ selection process amounts to. Unsure how else to evaluate cabinet companies for sale, they simply “trust their instincts” and “go with what looks good”–two examples of “famous last words” spoken by losing contestants on Deal or No Deal!
Today, we’re going to share some smarter strategies for deciding “deal or no deal” when evaluating cabinet companies for sale.
How To Evaluate Cabinet Companies For Sale
Use the following quality indicators, given in no particular order, to eliminate the blind guesswork and guarantee a smart pick that pays off big time:
1. Robust Web Presence
In 2020, having a strong website and general web presence is absolutely essential, especially as more web-savvy Millennial homeowners start looking for your services. Make sure that the company in question has a professional website, positive online reputation with third-party reviewers, and active “Big 5” social media accounts. Fortunately, this is as easy as running a few Google searches for the brand names of cabinet companies for sale you’ve selected. If you can’t find their web assets quickly and easily, consider that a big red flag.
For Kitchen Solvers owners, it’s easy. Our state-of-the-art marketing platform, utilizes a multitude of web marketing tools (branding, email marketing, online optimization, social media development, online reviews, reputation management, and more) to make your brand shine online.
2. Reasonable Start-Up Costs
The cat’s out of the bag: it doesn’t cost an arm and a leg to start a cabinet refacing or home remodeling company these days, especially if you’re operating out of your home. This business doesn’t require a big inventory since you can order materials on-demand, and the start-up equipment package is pretty lean.
Exhibit A: Kitchen Solver’s start-up typically costs $90,810 to $115,580. If the company in question charges much more than that, there ought to be a good reason!
3. Praiseworthy Training And Support
One of the primary advantages of franchising, outside of getting access to a proven business model and start-up plan with a clear path to success, is the training and support resources. Make sure the cabinet company in question offers comprehensive training that covers all aspects of your business operations, from sales and customer service to back-end bookkeeping and website management. If you want an idea of what “praiseworthy” training and support looks like, check out the details on the Kitchen Solvers Advantage page and use that as a benchmark and/or reference sheet!
The Best Way To Evaluate Cabinet Companies For Sale Near You
The best way to play rig a game of “deal or no deal” is to speak directly with representatives from different cabinet companies for sale. Good companies will be happy to answer all your questions, since they’re proud of what they have to offer; bad companies will have less patience for your questions and default to ‘sales speak’ before long.
For an idea of what to expect in a consultation with a “good company,” give us a call! Dial 888-484-8468 or visit our website to book a free consultation anytime.
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