Construction and Remodeling Franchises are Building Great Opportunities
Running a Construction and Remodeling franchise can help you build a profitable future.
Running a Franchise in the Service Industry in your area
A service-based franchise presents the prime chance to open a business for any would-be entrepreneur. Franchises in the service industry have many benefits, such as immediate name recognition, existing clientele, and marketing done for you. Here below are some things to think about when checking into and buying a franchise designed to help people in your area.
What Does It Mean to Own a Service-Based Franchise?
Are you aware that not all service providers are franchises? It's true that a lot of globally-recognized maintenance companies are franchised, but there are some that are corporate-owned and operated, so the company owns the location. When a franchisee owns a piece of the pie, it means they hire their own staff, run the operations, and are responsible for the business side of things. Buying and managing a franchise in the service industry location means the owner is also liable for the success of that franchise location.
As part of the buyers agreement, franchisees pay a percentage to the home office and get solid branding and a service model. Corporate then handles advertising, menu design, training, conferences, and damage control for all its franchisees.
What Service Franchises Are Available?
Some can be very specific in their offerings like residential only, or just commercial while other service franchises do it all. Before pursuing any franchise in the service sector, we can help you figure out what might be more successful in your area and fill a hole in the local market.
- Gutter Cleaning & Repair
- Renovation Companies
- Pest Control
- Heating and Cooling Technicians
- Home Maintenance
- And More
Franchise Grade helps assist you in drilling down the competition and making a profile of the local economy to help you in choosing the best service franchises. Market analysis may show that the locals will welcome it with open arms. Knowing issues like your area's average median household income, what other service franchises are open in your area and their service models will help you decide what service franchises to choose.
We Help You Choose What Kind of Service-Related Franchises to Open in your area
With help from an experienced team, you can find franchises in the service industry to fit your goals in your area.
As residential and apartment construction grows so too does so too does the demand for construction and remodeling services.
What does it cost to get into the Construction and Remodeling sector?
The average investment in the Construction and Remodeling sector is $188,777. But, that doesn’t tell the whole story. There's a striking difference between the average and median.
Of all Construction and Remodeling franchises, 42 have an investment lower than $124,450. The average initial investment is skewed because the most expensive franchise in this sector is $1,369,750.
When looking at franchise opportunities make sure you examine brands within your investment range. Search below for Construction and Remodeling investments that fit your financial criteria. If you're not sure what you can afford, fill out our Franchise Affordability Calculator.
How much can I make in the Construction and Remodeling sector?
How much money you can make from a Construction and Remodeling franchise depends on several factors, including location and demand for your services.
One way to predict your profit potential is to evaluate the financial performance representations provided by a franchisor in Item 19 of their Franchise Disclosure Document. Franchisors are not required to disclose this information, some are more transparent than others.
In the Construction and Remodeling sector, 53% disclose a financial performance representation. Of those, only 39% disclose some type of expense data on its franchisee operations.
Unlock our Construction and Remodeling Sector Report to learn which franchises are profitable.
- Demand just keeps on growing
- Customers value qualified remodeling companies, fueling the market