What Do I Need To Start A Remodeling Business?
Discover what you need to know if you’ve been asking yourself the question, “What do I need to start a remodeling business?”.
What Do I Need To Start A Remodeling Business? – The Financials
Let’s start by looking at some of the tangible qualities you need to start a successful remodeling business. Buying a home improvement franchise and bankrolling its startup is not something you can do on a whim. It requires significant investment. Having said that, these businesses are far more affordable than businesses in other industries.
For a Kitchen Solvers franchise, you can expect your start-up costs to be between $88,031-$113,292. You can finance some of these costs, but it’s important to have the financial flexibility to cover your costs should financing be unavailable or should you encounter some obstacles. That’s why we look for candidates with a liquid capital of $30,000, a net worth of $150,000, and a minimum credit score of 700. Many successful remodeling franchise partners operate out of their own homes and have two or fewer full-time employees, so overhead costs are minimal.
What Do I Need To Start A Remodeling Business? – The Intangibles
You need more than money to start and operate a successful remodeling business. You need a good work ethic, some experience with business, management, or remodeling, and a devotion to customer satisfaction. Many people think they need construction or handywork experience to successfully run a remodeling business. While such experience can be a great asset, it’s not a prerequisite. At Kitchen Solvers, we can teach our franchise partners everything they need to know when it comes to remodeling and cabinet installation.
Many of our franchise partners don’t have experience in construction, but instead come from a corporate, management, or design background. A lot of our most successful franchise partners are extroverts and/or have excellent communication skills and a customer-oriented mindset. Previous experience managing a team of some kind is useful. At Kitchen Solvers, we love working with veterans and we even offer discounts to veterans.
Why Should I Start A Remodeling Business?
Are you still wondering if a remodeling business is right for you? This article explains why home remodeling businesses are experiencing a boom right now, and there are many other informative articles on our blog. To learn more about what kitchen remodels actually look like, please visit our YouTube page.
Interested In Starting A Kitchen Solvers Remodeling Business?
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 specific questions or would like to begin the process of becoming a franchise partner, please do not hesitate to get in touch with us.