Renovation Franchises: Six Types You Can Open
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 [...]
Remodeling Business Plan: A Five-Step Guide
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, [...]
The Best Franchises to Invest in for 2023: 5 Recession-Resistant Ideas
The best franchises to invest in for 2023 are those that thrive in times of economic uncertainty. Here are five recession-resistant franchise ideas worth looking into. 1. Home Improvement Home remodeling and repairs have typically been deemed recession-proof by experts. That’s due to people looking to stay in their homes longer and repair their current homes during economic downturns. IBISWorld statistics show that the home remodeling industry has grown every year for the last decade, [...]
Kitchen Tune-Up Franchise vs. N-Hance Franchise: How they Compare
Home remodeling is a $450 billion industry, and it continues to grow. One of the first rooms that becomes outdated in a home is the kitchen, so it makes sense that you’re looking to jump into the market with a kitchen remodeling business. Researching kitchen franchise opportunities? Here’s how Kitchen Tune-Up compares to the N-Hance franchise, including franchise costs, training, and expansion. Side-By-Side Comparison Kitchen Tune-up N-Hance Franchise Fee $79,950 (Initial Franchise Fee: $19,950 Initial [...]
5 Home Improvement Franchise Trends: A 2025 Outlook
Want to open a home improvement franchise? Learn which home remodeling industry trends are gaining momentum (and which are on the way out) to find the best opportunity. Trends to Watch Many people are calling it the “renovation renaissance.” People who want to revamp their homes have several factors to weigh. Here’s a look at trends from experts that home improvement franchises are watching: Remodeling vs. Buying Inflation, interest rates, rising construction costs, and increased [...]
7 Creative Ways to Get Home Improvement Leads
Wondering about the best ways to get home improvement leads? Here are seven marketing ideas for home improvement companies to find new customers. 1. Use Social Media Innovatively Meet your customers where they’re spending their time -- social media. Angi finds that 51% of customers use social media for buying decisions, with Facebook being the best platform for home remodelers. On top of that, Sprout Social says 80% of all internet users who earn $100,000 or more use Facebook. [...]
Restoration Franchise Cost: 5 Upfront and Ongoing Costs to Expect
You’re thinking about opening a restoration franchise, but now as you begin to research, you’re noticing lots of dollar signs. It can be challenging to decipher the true costs. Plus, everything’s adding up quickly. Curious about what your restoration franchise costs will be? Here are five expenses you can expect. 1. Initial Franchise Fee A franchise fee is your cost of entry into the brand. The payment unlocks the door to the franchisor’s proprietary business systems [...]
Woodworking as a Business: 5 Reasons to Open a Cabinet Franchise
If you’re considering woodworking as a business, learn all the different types to choose from and which one would provide the best path to financial success. Here’s what it takes. Types of Woodworking Businesses According to Profitable Venture, woodworking accounts for 4% of the total U.S. manufacturing GDP. If you’re looking to work with your hands and provide a service, there are many options for woodworking businesses. Here’s a look at some that Builderology lists: Custom Furniture Business: Requires [...]
The Rise of the Home Improvement Industry: A $450 Billion Market
By the start of 2023, the Joint Center for Housing Studies expects home improvements and repairs to expand to a nearly $450 billion industry. The home improvement industry has been growing at unprecedented rates since the pandemic. Here’s what’s driving sales today and where the market’s headed. Growth of the Home Improvement Industry The industry saw a spike in improvement projects around the house in 2020. Whether it’s a do-it-yourself project or a do-it-for-me one, researchers don’t [...]
Royalty Fees vs. Franchise Fees: The Costs of Franchising
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 [...]
