Home Improvement Franchise and Business Opportunities
Buy a Franchise in the Service Industry in your area
A service-based franchise presents the perfect chance to purchase a business for any would-be professional. Franchises in the service industry have some advantages, such as instant 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 Exactly is a Franchise in the Service Industry?
Did you know that not all service providers are franchises? It's true that a lot of well-known service brands are franchised, but there are a handful that are corporate-owned and operated, so the company owns the location. When a franchisee owns a franchise, it means they hire their own staff, run the operations, and are responsible for the business side of things. Purchasing and running a franchise in the service industry location means that you are also responsible for the company's success.
The agreement that comes with buying a service brand is that franchisees pay a percentage to the home office and get the instruction they need through branding guidelines and a service model. Corporate then handles marketing, menu design, training, conferences, and damage control for all its franchisees.
What Franchises in the Service Field Are Available?
Some are service specific like residential only, or just commercial while other service franchises do it all. Prior to pursuing any franchise in the service industry, we can help you figure out what might be more successful in your area and fill a hole in the local market.
- Restoration Companies
- Heating and Cooling Technicians
- And More
Franchise Grade helps you narrow down the options and make a profile of the local market to help you in choosing the best service franchises. By analyzing the market, the research could illustrate that the neighborhood will be completely supportive. Knowing items like the makeup of the neighborhood, what other service franchises are open in your region and their service models will help you determine what service franchises to choose.
We Help You Choose What Type of Service-Related Franchises to Open in your area
What can you do to open your own service-related franchises in your area?
As your interest in owning a franchise in the service industry grows, contact our team. Buying a franchise in the service industry in your area has the benefits of an established brand, proven processes, and other technology solutions that make it a solid investment.
What does it cost to get into the Home Improvement sector?
The average investment in the Home Improvement sector is $109,567. But, that doesn’t tell the whole story. There's a striking difference between the average and median.
Of all Home Improvement franchises, 1 have an investment lower than $109,567. The average initial investment is skewed because the most expensive franchise in this sector is $139,634.
When looking at franchise opportunities make sure you examine brands within your investment range. Search below for Home Improvement 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 Home Improvement sector?
How much money you can make from a Home Improvement 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 Home Improvement sector, 50% disclose a financial performance representation. Of those, only 100% disclose some type of expense data on its franchisee operations.
Unlock our Home Improvement Sector Report to learn which franchises are profitable.