After a strong performance in the final quarter of 2015, it’s obviously a great time to get involved in the home improvement industry. Despite volatility in the stock and realty market, HIRI/IHS Economics projects a 4.7% sales growth in 2016, with a macroeconomic forecast showing even greater acceleration into 2017 and 2018.
If you’ve begun your research on home improvement companies and franchise opportunities, there’s a good chance you’ve seen the words “refacing business” pop up more times than you care to count. In today’s post, we explain why starting a refacing business is one of the best ways to take advantage of the home improvement industry’s upward surge. Read on for an introduction to this niche service and an explanation as to why it’s so profitable, or visit https://www.kitchensolversfranchise.com to learn more.
What is a refacing business?
Cabinet refacing is a popular and cost-effective option for homeowners looking to give their existing cabinetry new life. As the name would suggest, refacing is all about giving the cabinets a new face, which means replacing the door and drawer fronts while the “skeleton” remains intact. In doing so, customers are able to shave time off their renos and save money while they’re at it. The majority of the work, cost, and time commitment involved in a cabinet overhaul has to do with tearing down and rebuilding the foundation. By comparison, unscrewing and replacing the cabinet doors is a breeze!
Of course, there’s more to the work and service itself than swapping doors and drawers. At Kitchen Solvers, our goal is to make the “recycled” cabinet box look as good as the brand new doors and drawers. This could mean completely sanding, priming, painting, and sealing your cabinet box, or simply fixing up some blemishes on an otherwise immaculate framework; the workload differs based on the client’s unique home conditions, but it’s always less than a full replacement.
Beyond the actual hands-on work, our team can support or lead the client’s cabinet design, with our involvement varying depending on the interest and experience of the client in this regard. Once the design is ready, we dip into our exclusive vendor networks to track down premium materials for less than the client would pay at the hardware store. As we like to tell our clients, we aren’t just a construction crew – we partner with the client to help them realize their home improvement dreams.
Is a refacing business profitable in 2016?
Saving money and time is great for the client, but doesn’t that mean less profit for you? Well, no!
First of all, our refacing business is driven by a fat-free sales, design, and construction process that saves you just as much time and money as the customer. This means quick and cost-effective client turnover, which lets ambitious franchise owners take on dozens of projects in the time it takes our competitors to handle 4 or 5. And trust us, your phone will be ringing.
This system also gets you a lot of satisfied customers quickly, which does wonders for your future business through future referrals, and repeat customers. At Kitchen Solvers, we pride ourselves on being much more than a refacing business, offering a wide range of bath and remodeling services. Since its so easy, inexpensive, and produces great results, cabinet refacing is a great way to court new clients who will then trust you for more expensive projects in the future.