How To Start A Cabinet Business
If you’re interested in owning and operating a successful, in-demand, and low-cost business, here are some tips for how to start a cabinet business.
Do you have experience refacing and installing cabinets? Do you have any other trades experience, such as carpentry or handiwork? If you don’t, then can you really start a cabinet business?
The answer is yes. You can absolutely start and succeed with a cabinet business with no previous cabinetry experience. What’s more important is having experience managing a business, overseeing a team, or making customers happy. The reason for this relates to what kind of business you start.
Do you want to be all alone or do you want somebody by your side supporting you? Going it alone is better, right? You get to keep all your profits and you don’t have to pay a franchising fee.
Well, if you make any profit, that’s true. But that will be difficult. How will you attract new customers to a business they’ve never heard of? They don’t know you, why should they hire you? Well, if they know your brand, they might trust you. That’s why buying a cabinet franchise from an established and successful company gives you an advantage over the competition. The franchisor can also teach you what you need to know.
Remodeling businesses are low-cost businesses, especially if you operate out of your own home and don’t hire more than one or two employees. You can even do the work yourself as you start out, keeping overhead costs very low.
A cabinet business is still a business, though, so significant investment is required. If you don’t have at least $30,000 in liquid assets and a net worth of $150,000, it’s wise to save up until you do. Trying to survive on a tiny budget isn’t an ideal way to run a cabinet business.
Home remodeling is a service. It’s important to be handy and financially responsible, but you also must be devoted to customer service. You need the right mentality to keep customers happy throughout every phase of a cabinet installation. This kind of work can get messy, so try to keep things positive.
At Kitchen Solvers, we are always looking for opportunities to work with qualified candidates as one of our kitchen cabinet franchise partners. If you would like to learn more about our home remodeling franchise opportunities, please get in touch with us today.Back