If you’ve been thinking of starting a remodeling business, you’ve probably been asking yourself tons of questions: How much money will I need? Where should I locate my business? Do I need a remodeling business plan? How will I advertise and attract customers? As you’ve likely realized, opening any small business requires a large investment of time, know-how, and money. Buying a remodeling franchise, however, may allow you to reduce those investments significantly. A strong franchisor, like Cabinet IQ, offers you these three keys to franchise success.
Save Time with a Franchise
When you start a business from scratch, you have to figure out everything on your own or hire someone to help you. As the TRUiC website points out, “There is more to starting a business than just registering it with the state.” You’ll have to write a remodeling business plan, form a legal entity and register for taxes, set up business accounting, apply for licenses and permits, get business insurance, develop a marketing strategy, create a website, and more. All of these steps take enormous amounts of time, especially if you’ve never done them before.
On the other hand, starting a remodeling business with a franchise simplifies these steps and saves you time. Yes, you’ll still have to write a business plan, register your business with the state, etc. The difference is that you’ll now have the benefit of your franchisor’s experience, support, and guidance throughout the whole process, and your franchisor has been through the process many times. You won’t have to waste time doing market research to see where to locate your showroom because your franchisor will do that for you. The same is true for developing a marketing strategy and creating a website. In fact, the franchisor takes care of much of the difficult planning, so you can spend your valuable time preparing to open your new business.
Gain Knowledge with a Franchise
Most people who consider starting a remodeling business have some interest in the industry, even if they don’t know the difference between a hammer and a screwdriver. The good news about buying a franchise like Cabinet IQ is that you aren’t required to have any previous industry experience; you simply need to be self-motivated and have a strong work ethic. Cabinet IQ will give you all the training you need to run a successful kitchen and bathroom remodeling business. Before you even sign your franchise agreement, we help you understand what will be required of you as a franchisee. And once you officially join our team, we provide on-site training at our home office in Texas, in-market coaching at your new store, and continued support in the form of calls and visits. Our knowledgeable support staff is always available to answer questions and help you navigate any problems you encounter.
Save Money with a Franchise
Many entrepreneurs can save money by buying a franchise rather than starting a business from scratch. Your franchisor knows exactly what equipment you need to buy, how big your office and showroom should be, how much inventory you need to stock, and how many employees you should hire. That means you won’t waste money on machinery and inventory you don’t need, an expensive lease, or extra employees. Plus, you won’t have to pay an outside source to create a website or develop an advertising campaign because your franchisor already has effective marketing tools in place to support the well-known brand that you’re now representing. With Cabinet IQ, the overall home improvement franchise cost includes a whole package to get you started on your franchise journey. Our summary of initial costs includes everything necessary to begin your business and keep it going through the first three months.
Hit the Ground Running with Cabinet IQ
Cabinet IQ is a high-tech cabinet and countertop company that offers a fresh approach to kitchen and bathroom remodeling. Our customer-focused approach has made us a household name in Central Texas, and we’re ready to share our successful formula with entrepreneurs looking for a ground-floor opportunity in the booming home improvement industry. Contact us today to learn more. We look forward to providing you with all of the keys to franchise success!