How To Start A Remodeling Company
If you’re interested in owning a business in the remodeling/cabinetry sector, this article will give you important information about starting a remodeling company.
When Starting A Remodeling Company, Don’t Go After It Alone.
Some people have achieved great success by starting their own remodeling company entirely on their own. Some people. Many others have failed trying this. The better move for most people is to buy a remodeling franchise.
Not everybody has a wealth of experience in handywork, remodeling, and cabinetry. With a remodeling franchise, you don’t need this. Not everybody has experience running a business. With a remodeling franchise, you don’t need this. Not everybody has experience marketing services. With a remodeling franchise, you don’t need this.
At Kitchen Solvers, we teach our franchise partners everything they need to know about running a remodeling business. When you’re starting out, having some experience managing a team is great and a devotion to customer service and a strong work ethic are much more important than carpentry skills.
Make Sure Your Finances Are In Order.
You can buy and start a remodeling company for remarkably inexpensive, under $100,000 in some cases. But while $100,000 is a remarkably small investment to start a business, it’s still a considerable sum. It’s not something most people can just decide to buy one day without planning for it. At Kitchen Solvers, we look for candidates with a net worth of $150,000, liquid capital of at least $30,000, and a minimum credit score of 700.
Decide Where To Focus Your Remodeling Efforts.
If you market yourself as just a “remodeler”, you’re not telling prospective clients a lot about you. When people look to hire a remodeling company, it’s not because they think, “We should get something remodeled”, it’s because they want a specific room remodeled. And more often than not, that room is a kitchen or bathroom.
These rooms are used often. People are in them multiple times every day. And there’s steam, smoke, cooking splatter, and the occasional plumbing disaster that all wear and damage kitchens and bathrooms. Plus, while you can dramatically change a living room by moving the couch and painting a wall, kitchens and bathrooms have more fixed features. You need to hire somebody to install new cabinets, for example. That’s why it’s wise to start a remodeling company that focusses on kitchen and bathroom work.
At Kitchen Solvers, we are always looking for qualified candidates to work with us heading up one of our kitchen and bathroom remodeling businesses. If you have any questions or would like to begin the process of becoming a franchise partner, please do not hesitate to get in touch with us.Back