Choosing a Home Services Franchise: 5 Types to Consider
Starting a business by purchasing a franchise is appealing for many reasons. For starters, there’s the advantage of having a successful business model and brand already in motion. Choosing the right franchise starts with deciding which industry is best for you, your budget, and your personality. Right now, the home services industry is booming! Recent years brought a massive surge in demand for home services, and high demand continues to increase steadily. It is a great time to start a home services business, and many franchise options are available.
Home Services Franchises
Home Services franchises include many areas such as interior design, landscaping, repair, maintenance, home updates, HVAC, and many more. Some franchises may fall into one or more categories in the home services business sector.
Demand skyrocketed following COVID-19 as homes transitioned from financial assets to places where family members spend most of their time. Residential homes used to be where a family spent nights and weekends. Now, they are central hubs for everything from work to entertainment. Homeowners are now more interested in making improvements to their homes. The home services industry continues to see steady growth making this a great time to be in business as a home services franchisee.
5 Different Types of Home Services Franchises
1. Kitchen Renovation and Updates
The words renovation and remodel are often used interchangeably, but there is a difference. A kitchen renovation leaves the basic layout of a kitchen intact while updating major features such as cabinetry and appliances. Kitchen renovations are more affordable and less involved, so they can be completed on a quicker timeline. Houzz reports median spending for kitchen updates averages about $10,000 for more minor renovations and up to $40,000 for major improvements. In addition to this promising median spending information, kitchen updates offer homeowners a high return on investment, making them a top choice for homeowners planning home projects. Companies like Kitchen Tune-Up offer homeowners five different ways to update the kitchen based on their budget constraints.
Window franchises offer a variety of services all centered around windows. Window replacement, window cleaning, and window coverings companies offers everything from traditional blinds, shutters, shades, and drapes – including automated Smart Home solutions – to rugs, pillows and bedding. These businesses fall under the home services franchise category. Windows and window treatments provide privacy and help residential homes and businesses improve energy efficiency.
3. Bathroom Renovation and Updates
Bathroom renovations are similar to kitchen renovations because they do not involve changing the existing bathroom layout. A renovation business offers upgrades and replacements of existing cabinetry and other bathroom fixtures. Renovations can range from major renovations to minor, depending on the complexity of the job and the final cost. How big is the bath remodeling industry? On average, homeowners spend over $24,000 on a midrange bathroom renovation project and upwards of $75,000 on an upscale bathroom renovation project.
A flooring franchise can include carpet, wood, and even decorative concrete flooring, to cleaning and maintenance, to epoxy garage flooring businesses. Many flooring franchises offer in-home consultations services from floor selection to installation. In-home services appeal to customers in a post-pandemic world. Many people still prefer to make shopping decisions from the convenience of their homes instead of going out to big box stores.
5. Duct Cleaning and HVAC services
An HVAC franchise focuses on heating and air conditioning services. HVAC services are highly specialized, requiring specific education and certifications. Establishing an HVAC franchise business has many pros for those with HVAC certification. Name recognition and access to many resources are helpful in a competitive market. There is a steady demand for HVAC services with continued growth expected. Restoration franchises often offer air duct and HVAC services, and many other services that homeowners need to keep their homes healthy.
Things to Consider When Choosing a Home Service Franchise Opportunity
Finding the perfect home services franchise is a big decision. When considering which franchise to choose, consider your personality and strengths. Experience in a specific industry may not be a requirement for some franchise opportunities. Personality traits such as a willingness to learn, organizational skills, and leadership qualities are helpful as a franchise owner. Understanding yourself is a great place to start when looking into franchise options.
Another crucial consideration includes your investment budget. Some market research will help you know the initial investment and ongoing franchise costs associated with the franchise you are interested in buying.
Consider a Kitchen Tune-Up Home Service Franchise
Kitchen Tune-Up has been in business for 34 years, and in late 2020, became part of the Home Franchise Concepts family of franchises. Home Franchise Concepts is one of North America's largest franchisors in the home services industry and includes brands such as Budget Blinds®, Bath Tune-Up®, AdvantaClean®, Concrete Craft® and more.
A Kitchen Tune-Up franchise requires a modest investment, where you’ll get everything you need to get your new business off the ground. Market reports show that the demand is strong and growing for remodeling services! Talk to us today to see if you qualify to own a Kitchen Tune-Up franchise in the lucrative home services industry.