Starting a kitchen and bath franchise is a great investment in 2018, so long as you align yourself with the right brand. To increase your odds, today’s post spotlights 5 warning signs that investors should be wary of when researching kitchen and bath franchise opportunities.
Most kitchen and bath franchise systems provide new entrants with basic training and a “playbook” containing a rigid series of steps that they insist will lead you to success.
But as any business owner will tell you, there’s simply too many variables in play for that to work. Every business will face unique challenges in different territories, and every franchisee enters into the system with a distinct set of skills, strengths, and weaknesses.
Do you think the marketing plan that worked in LA will hit a home run in Louisiana? And why would a veteran contractor waste time on a rudimentary carpentry course when they really want to learn about sales and marketing? The former is ineffective; the latter is inefficient.
Clearly, the one-size-fits-all approach isn’t optimal for investors.
At Kitchen Solvers, we offer unparalleled coaching that covers every aspect of our business and is totally customized to fit your needs. We realize that franchisees have unique talents and personalities, and that’s why we dedicate so much time and effort to assessing our candidates to develop the optimal training/coaching strategy.
Limited revenue streams.
While there’s nothing inherently wrong with the idea of kitchen and bath franchises that specialize in a specific service, whether that be countertops or sinks or cabinetry, this approach isn’t optimal. Not only is it harder to dominate a niche than it is to create multiple moderate revenue streams, but specialists risk hitching their wagon to the wrong horse. For example, going all-in with cabinet replacements puts you directly in competition with cabinet refinishing companies, when you could have done both and enjoyed a larger, more resilient market share.
At Kitchen Solvers, we offer numerous revenue streams in the form of a complete remodeling service suite. Whether you want to focus on countertops, backsplashes, cabinets, flooring, storage solutions, or design, or would rather do it all, our kitchen and bath franchise will work for you.
A weak web presence.
In the Internet Age, a weak web presence is non negotiable. Potential clients will be looking your brand website and expecting online booking options to boot. If the kitchen and bath franchise you’re considering doesn’t have an informative, intuitive, mobile-responsive website like this in 2018, then consider that a major red flag.
An unfavorable brand reputation.
Building off our previous point, potential customers will be looking for brand reviews before they commit to remodels, which are typically “big-ticket” purchases. If the kitchen and bath franchise you’re considering doesn’t have strong reviews third-party sites, expect some headaches in your future. If you want an idea of how your online reputation should look, just Google Kitchen Solvers!
Inflated startup costs.
The Kitchen Solvers kitchen and bath franchise opportunity is available for under $100,000. Considering the amount of coaching, support, tools, and resources that we offer, there’s really no reason why you should pay much more than that. For more information on our startup costs, visit https://kitchensolversfranchise.com/research-kitchen-solvers/what-are-the-start-up-costs.
Learn more about our kitchen and bath franchise opportunity
Visit https://www.kitchensolversfranchise.com to book a free consultation with one of our representatives.Back