8 questions for a mobile franchisor: finding the right fit You know you’re interested in the flexibility a mobile franchise can offer but before you settle on a specific company, there’s some research you should do to see if the brand is a good fit. Before you commit to investing, there are eight questions you should ask a mobile franchisor that’ll help you decide if you’re making the best choice. Is the franchise on sound [...]
When researching franchise opportunities in the construction industry, your first decision is determining whether you want to be on the home-building side of the business, or on the home remodeling, refinishing, and renovating side of the business. The National Association of Home Builders notes that builder confidence for newly built single-family homes posted its 11th straight monthly decline in November 2022 according to their housing market index. This is the lowest confidence reading since June [...]
Have a passion for renovating homes or maybe you’ve watched just a little too much HGTV and think you can join the home-flipping business. Whatever piqued your interest in home flipping, we’re here to help. There are plenty of homes to flip. They made up 10% of all home sales in the U.S. in the first quarter of 2022. That’s the highest percentage since 2000. Discover how to start a house-flipping franchise with N-Hance. Learn how to [...]
Considering home renovation franchises? The market is HOT right now. MarketWatch predicts the home improvement industry will be worth $500 billion by 2026. These types of franchises generally have lower investment costs, are home-based businesses, and offer free advertising through word-of-mouth referrals. Learn different types of home renovation businesses you can open and how to determine which is best for you. Kitchen Remodeling Kitchens are the most renovated room in the house. Modernizing them is [...]
A remodeling business plan provides a snapshot of your business. In it, you'll lay out your growth plan for the next five years, explain your goals and strategies to reach them, and provide market research for your industry. Writing a successful remodeling business plan is fundamental to opening a successful business. Our five-step guide details every step you need to take. 1. Perform Market Research You know you want to join the booming remodeling industry, [...]
Franchise startup costs can be as low as $10,000 to as high as a couple of million. But what’s included in that price tag? Here’s everything you need to know about franchise and royalty fees, why they’re paid, and what they cost. Behind the Franchise Fee Basically, franchise fees are the payments made to the franchisor for their great idea. It’s like a cost-of-entry fee. It is a one-time payment at the beginning. The [...]
The world is everchanging, and so is the style of homes. In this housing market, people look for ways to stay in their homes but upgrade them to what they want. This makes it the perfect time to join the booming $450 billion residential remodeling industry. Here’s what it takes to open a kitchen remodeling franchise. How Much Should I Expect to Pay? If you were to open a remodeling business on your own, your [...]
Choosing a low-cost, high-profit franchise requires careful research. While there are several lower-cost franchises to buy into, it’s your money and time that you’re investing. Here are the top seven things to research to find a cheap franchise with high earning potential. Choosing an Industry As a potential franchise owner, you want to ensure growth potential. The pandemic had a significant impact on our lives, including where we spend money. As a result, several industries [...]
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