Plumbing and Electrical Franchise and Business Opportunities
Buying a Franchise Helping Your Local Community in your area
A franchise presents the prime chance to buy a new business for any would-be entrepreneur. Service industry franchises have several benefits, like instant name recognition, existing customer-base, and built-in marketing. Here below are a few items to consider when checking into and buying a business providing services in your area.
What Specifically is a Franchise in the Service Industry?
Are you aware that not all service providers are independently owned? It's true that a lot of well-known maintenance companies are franchised, but there are a handful that are corporate-owned and operated, so the company owns the location. When a franchisee owns a globally-branded service provider, it means they hire their own staff, oversee operations, and are responsible for the business aspects. Buying 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 royalties to the home office and get a streamlined service model and branding guidelines. The home office carries out the marketing, menu items, training, conferences, and problem-solving for all its franchisees.
What Franchises in the Service Industry Are Available?
Some are service specific like residential only, or just commercial while other service-based franchises do it all. Prior to picking any franchise in the service industry, we can help you figure out what might be more successful in your area and fill a market niche.
- Gutter Cleaning & Repair
- Renovation Companies
- Pest Control
- Heating and Cooling Technicians
- And More
Franchise Grade helps assist you in narrowing down all the options and creating a profile of the local economy to help you find the best service-based franchises. Market research could illustrate that the community will welcome it with open arms. Understanding things like the makeup of the neighborhood, what other service-based franchises are operating in your region and how they do business will help you determine what service-based franchises to choose.
We Help You Choose What Type of Service-Related Franchises to Purchase in your area
Have you thought about how to get started with your own service-related franchises in your area?
As your interest in owning a service-related franchise grows, reach out to our experts. Buying a service-related franchise in your area has the benefits of a reputable brand, proven processes, and other advanced solutions that make it a safer investment.
What does it cost to get into the Plumbing and Electrical sector?
The average investment in the Plumbing and Electrical sector is $171,695. But, that doesn’t tell the whole story. There's a striking difference between the average and median.
Of all Plumbing and Electrical franchises, 8 have an investment lower than $173,695. The average initial investment is skewed because the most expensive franchise in this sector is $375,000.
When looking at franchise opportunities make sure you examine brands within your investment range. Search below for Plumbing and Electrical 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 Plumbing and Electrical sector?
How much money you can make from a Plumbing and Electrical 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 Plumbing and Electrical sector, 53% disclose a financial performance representation. Of those, only 33% disclose some type of expense data on its franchisee operations.
Unlock our Plumbing and Electrical Sector Report to learn which franchises are profitable.