All Posts in Category: Home Improvement Franchise
Home improvement is an industry that is ripe for the taking. The purchase of a home brings with it plenty of opportunities for maintenance and repair. From landscaping and adding a deck to interior decorating and plumbing, the services required by homeowners are deep and expansive. With today’s homeowner likely to be too busy, too unknowledgeable or too old to tackle these jobs, now is the perfect time to get in on an industry that topped $327 billion in 2015, according to statistics gathered by the Home Improvement Research Institute (HIRI).
Mr. Handyman is a unique home improvement franchising opportunity that provides two types of opportunities. With their tools and guidance, investors can either grow their current business or start one from the ground up. From eye-catching vehicles and uniforms that exude a professional appearance to menu pricing guides and extensive marketing programs, Mr. Handyman works closely with you to achieve your professional, financial and personal goals. As a ranked business on Entrepreneur magazine’s Franchise 500 list in 2017, Mr. Handyman strives to meet their goals of treating people and their homes with respect and quality by providing ongoing support in the form of field operations, regional media, a toll-free phone line and more.
Since 1997, Trend Transformations has been providing entrepreneurs with the opportunity to transform homes. Specializing in terrazzo tiles for new and resurfacing countertop applications, Trend Transformations also offers acrylic bath surfaces and cabinet refacing. Their large-format terrazzo tiles are ideal for commercial projects. With an array of collections, including quartz and granite, and an emphasis on eco-friendly construction, Trend Transformations is committed to helping their franchisees grow their businesses. Ranked as #284 on Entrepreneur’s top 500 Franchises, Trend Transformations offers purchasing co-ops, field operations, ad slicks and other supportive training.
N-Hance offers a unique franchising opportunity for remodeling home interiors. It uses a proprietary wood refinishing process that doesn’t require any sanding. Instead, the company uses an instant-curing UV method to refinish kitchen cabinets and hardwood floors. N-Hance is ranked #258 on Entrepreneur’s 2017 list of the top 500 franchising opportunities. It requires two employees to run a franchise and provides ongoing support in the form national media coverage, newsletters, and meetings.
Outdoor Lighting Perspectives provides a variety of lighting services for homes and businesses, including landscape lighting design, lighting automation, and maintenance. With this franchise, you’ll be offering customized services to your clients. Each lighting system is custom-crafted of weather resistant materials, such as brass or copper, to meet the individual needs of the client. As North America’s largest provider of architectural and outdoor landscape lighting, Outdoor Lighting Perspectives provides an extensive array of support and marketing options including field installation, lead generation tactics and business management and accounting.
Interiors by Decorating Den gives you the tools to transform your clients’ home interiors to match their goals and visions. Whether your customers need help with decorating their home office, living room, bedroom or the whole house, Interiors by Decorating Den provides everything — furniture, drapery, wall coverings and more — for you to make them happy. You can even provide interior decorating services to commercial establishments. With more than 45 years of helping people succeed, Interiors by Decorating Den provides ongoing training, a wholesale vendor network and a variety of marketing and advertising to reach your target audience.
As evidenced by the companies highlighted above, there is a wealth of diverse opportunities that await entrepreneurs who have the dedication and interest to tap into this growing industry.
If you’re considering a franchise investment or just have questions, feel free to contact one of our franchise specialists to learn more about the process and all the different franchise opportunities by completing our request form or calling 1-877-650-5551.
It’s never simply fall, winter, spring, or summer. It’s also flood, tornado, fire, and hurricane season. As a result, the year-round demand for home and commercial restoration services has created a multi-billion dollar industry. Get wind of these five leading franchises investors can buy into.
ServPro repairs damage from water and fire, removes mold and biohazards and also provides cleaning services. Since 2010, ServPro has been ranked among the top 10 companies in Entrepreneur magazine’s Franchise 500 and was most recently named #7. The initial franchise fee is $44,000 and the total investment cost falls between $138,550 and $187, 200. The ongoing royalty fee varies between 3 and 10 percent and the term of franchise agreement is five years and renewable. A $100,000 net worth and $85,000 of liquid cash are required of franchisees. Absentee ownership is not allowed as ServPro’s franchising vision is to “help entrepreneurs succeed.”
ServiceMaster provides commercial and residential disaster restoration as well as general floor care and cleaning. The company, ranked #35 on Entrepreneur magazine’s Franchise 500 list for 2014, currently has over 3,000 units in the United States and is looking to expand worldwide. With initial franchise fees between $23,900 and $67,000 and ongoing royalty fees between 5 and 10 percent, the total investment ranges from $49,585 and $180,580. After five years, the franchise agreement is renewable. As a prerequisite, franchisees must have a net worth between $50,000 and $75,000 as well as at least $20,000 in available liquid cash. ServiceMaster does not permit absentee ownership.
Rainbow International offers home and commercial restoration and cleaning from damage due to fire, water, smoke, and more. This restoration franchise is unique from most in that it can be run from home, although absentee ownership is not allowed. The initial fee for a Rainbow International franchise is $28,000, with a total investment expense between $156,175 and $256,100. The financial requirements for a franchisee are a net worth of $250,000 and $50,000 of liquid capital. There is an ongoing royalty fee ranging between 3 and 7 percent. The renewable term of franchise agreement lasts 10 years and veterans receive 25 percent off the franchise fee.
AdvantaClean is another restoration franchise providing service for indoor air quality such as water removal, mold remediation, air duct and dryer vent cleaning. AdvantaClean brands itself as a “recession-resistant and low cost” home-based company. A $45,000 franchise fee is required of franchisees with a $200,000 net worth and $75,000 in liquid capital. The total investment tops out between $204,300 and $218,300, with an ongoing royalty fee of 10 percent. One term of franchise agreement is 10 years and renewable. As a participant in the IFA VetFran program to support our nation’s armed forces, AdvantaClean also offers $2,500 off the initial fee for qualifying veterans.
Paul Davis Restoration, Inc. offers cleanup, remodeling, and property damage services. A leader in the industry in North America, Paul Davis has consistently been named among the Franchise Business Review’s Franchisee Satisfaction Award winners. Along with a longstanding professional reputation, this company offers franchisees exclusive territory rights, certification opportunities, and first-in-market products and services. The initial investment fee is $75,000 and the minimum total investment is $200,000. Paul Davis charges a 4 percent ongoing royalty fee and a renewable, five-year term of franchise agreement. Franchisees must have a net worth of $350,000 and at least $180,000 of available liquid cash to invest in a “company worth knowing.”
By Erin Cizek
Every home needs repairs, upkeep, and improvements. As a result, the home improvement industry has sales of more than $300 billion a year. That’s why buying into a home improvement chain can be a profitable franchise investment. Here are the top five home improvement franchises that investors can buy into.
Budget Blinds Inc.
Budget Blinds allows its customers to shop at home for blinds and other window coverings and offers in-home consultations, measurement taking, and installation. It currently has 804 U.S. and 101 Canadian franchise units. The franchise fee is $14,950 with a total investment of $89,240 – $187,070. The ongoing royalty fee varies, and the term of franchise agreement is 10 years, renewable. Liquid cash available of $54,370 – $86,120 is a financial requirement. Budget Blinds allows running of the franchise from home but does not allow absentee ownership.
CertaPro Painters Ltd.
CertaPro Painters offers residential and commercial exterior and interior painting services. It currently has 411 U.S. and 31 Canadian franchise units. The franchise fee is $52,500 with a total investment of $129,000 – $158,500. The ongoing royalty fee is 5 percent, and the term of franchise agreement is 10 years, renewable. Liquid cash available of $75,000 and net worth of $200,000 are the financial requirements. CertaPro Painters allows running of the franchise from home but does not allow absentee ownership.
Decorating Den Interiors
Decorating Den Interiors decorate homes and businesses by appointment. It currently has 272 U.S. and 14 Canadian franchise units. The franchise fee is $39,900 with a total investment of $54,018 – $79,000. The ongoing royalty fee is 7 – 9 percent, and the term of franchise agreement is 10 years, renewable. Liquid cash available of $40,000 and net worth of $50,000 are the financial requirements. Decorating Den Interiors allows running of the franchise from home but does not allow absentee ownership.
Re-Bath offers bathtub liners to full bathroom remodeling for homes and businesses. It currently has 194 U.S., 7 Canadian, and 7 international franchise units. The franchise fee is $30,000 – $115,000 with a total investment of $94,000 – $342,500. The ongoing royalty fee varies, and the term of franchise agreement is 10 years, renewable. Liquid cash available of $50,000 and net worth of $100,000 are the financial requirements. Re-Bath allows running of the franchise from home but does not allow absentee ownership.
Mr. Handyman provides a range of home repair services for homeowners including leaky faucets, drywall damage, small tile jobs or other minor repairs. It currently just under 200 units in the U.S., 12 Canadian, and 8 international franchise units. The initial fees total $59,400 with a total investment range of $102,000 – $129,600. The ongoing royalty fee is 7 percent, and the term of franchise agreement is 10 years, renewable. Additional working capital required of $42,600 – $69,700 and a net worth of $250,000 are financial requirements. Mr. Handyman allows running of the franchise from home or small office but does not allow absentee ownership. The company provides 6-8 weeks of pre-training prior to one week of training at the home office along with field training that follows.