Home improvement spending in the U.S. is expected to increase to nearly $450 billion by the beginning of 2023. With the industry booming, it makes perfect sense for an entrepreneur to be interested in buying a remodeling business. There are numerous franchise opportunities available, but not all are created equally. In fact, the term “remodeling franchise” covers a wide variety of services – kitchen and bathroom remodeling, custom closet design, floor installation, house painting, and more. The trick is to choose one that matches your interests and offers the best potential for growth in your town. If you’re considering opening a remodeling franchise, these answers to some commonly asked questions will help you find the best fit.
Do I Need Prior Experience in the Industry?
Most careers require you to have some level of industry experience, but not franchising. Franchisors provide their franchisees with the training and ongoing support needed to implement their business model. You should, however, have an interest in the business you choose since you’ll be doing the work for years to come. Once you decide what you’re interested in, it’s important to choose a franchisor that offers a thorough training program. For instance, Cabinet IQ provides franchisees with one-on-one coaching during their store build-out in addition to six weeks of online lessons and two weeks of extensive on-site training at our flagship location. Once their store opens, franchisees receive in-store training and continuous sales and marketing support. Cabinet IQ prepares our franchisees for success from day one. Though other franchisors may claim to do the same, not all offer the same level of support.
Is There a Demand for the Service?
While the remodeling industry as a whole continues to grow, some services are more in demand than others. The list of most popular home improvement projects changes every year, but kitchen and bathroom remodeling are usually at the top. For 2022, homeowners’ top priorities are finishing their kitchen remodels, with bathroom makeovers coming in second. When you invest in a cabinet and countertop franchise such as Cabinet IQ, you’ll be positioned to meet the needs of customers working on both of those projects. Our high-tech approach to kitchen and bathroom design earns us five-star ratings and has our customers referring their family members and friends to us. There is huge demand for the top-notch products and outstanding customer service we provide.
Will My Business Be in a Good Market?
When you buy a remodeling franchise, you are assigned a territory where you’re allowed to operate your business. The franchisor does extensive market research to determine which locations will be most likely to succeed. They look at many factors, including existing competition in the area, population density, and neighborhood demographics. At Cabinet IQ, we offer prime territories that include a minimum of 100,000 households within a 30- to 45-minute drive. We’ll even help you pick the best site for your showroom so you get maximum exposure to potential customers while keeping your building costs to a minimum. We understand that your success is our success, so we make every effort to assure that your business is located in a market where it can be profitable.
Learn More about Franchising with Cabinet IQ
If you’re ready to begin your franchise journey, we’d love to share more details about all the wonderful opportunities Cabinet IQ provides. We’re on a mission to transform the outdated kitchen and bathroom remodeling industry, and we’re offering hardworking and enthusiastic entrepreneurs a chance to get in on the ground floor. Fill out and submit our contact form, and a member of our development team will be in touch with you soon.