Anyone who owns or rents a home (that’s all of us, then) knows that when something goes wrong with the property, it can be a total pain in the neck to resolve. From the roof tiles all the way down to the foundations, all properties - at some stage - go wrong.
So repair and painting franchises are an industrial sector built on a solid foundation of continuous need. If you live in a small town, there will always be someone who needs help with their home. If you live in a city, you have a huge potential market of homeowners and renters.
It could be a full-scale renovation project or rewiring the electrics. A blocked sink or drain, or a boiler that's gone on the blink. Or a new kitchen or bathroom, carpeting or tiling, cleaning or finishing, window fitting or cleaning, guttering and insulation. The list of jobs that repair and painting franchises can solve is literally endless.
So, it’s no surprise that repair & painting franchises are part of the booming home improvement sector. Repair and painting franchises focus on services that improve the interior and exterior of residential homes and commercial buildings.
This particular franchise sector covers a massive range of professions, including:
- Electricians
- Plumber and wastewater services
- Water damage restoration
- Painting & decorating
- Floor repairs and tiling
- Professional cleaning services
- Wood finishing
- Kitchen fitting
- Roofing and guttering
- Window cleaning
- Blinds, drapes, and shades
- Insulation
- Handyman services
So, if you’re good with your hands and love helping people get out of their home-based scrapes, a repair and painting franchise could be an excellent way to become your own boss.
Franchising
In business, there are several things you need for success:
- A reputation
- Recognizable branding
- A tried-and-tested product
- An existing supply chain
- An existing customer base
When you start up an independent company (without the support of an established, experienced partner), you begin your business journey from scratch. It takes several years to develop a reputation and a customer base, and - as such - it takes time for your branding to establish and become associated with excellent customer service.
Franchise businesses, however, begin their new company journey with all of those things already in place. Franchising is a unique opportunity to inherit the hard-earned reputation of a parent company, and with that reputation comes trust. Your customer base already knows, loves, and trusts the brand, meaning that you're the first on the list when something goes wrong and your customers need help with a home project.
So, the parent company's branding is integral to your business identity and comes with instant curb appeal.
Additionally, your repair and painting franchise comes with a ready-built supply chain, ensuring that you can maximize your profits because you get the best deals for tools and materials, as well as inclusion in any marketing activity they may carry out.
Many parent companies offer world-class training opportunities to ensure that you can maintain their excellent reputation for quality and customer service. And some parent companies offer complementary HR services, covering employment and business regulations, to make sure you work in line with complicated business guidelines.
Facts About Repair & Painting Franchises
64% of Americans own their homes, but most homeowners outsource their home maintenance tasks to the experts who can paint their houses or repair their broken services. Repair and painting franchises don’t just maintain the aesthetic appeal of a person’s home; they help sustain or increase the market value of the property.
When somebody prepares their home for sale, they often rely on a tradesperson to ensure that any renovation or repair work is done to a standard that reinforces or boosts the value of the sale. Most Americans don’t have the time (or skills) to do their own home improvement work, but they do have the resources to pay a skilled professional to do the work for them.
The commercial and residential painting industry in the US is worth $20.6 billion but has seen a significant boost due to the pandemic. The stay-home orders and subsequent uncertainty from the COVID-19 pandemic have resulted in people having more disposable income because they're not going out as much or taking exotic holidays.
So, it's an excellent time for home maintenance professionals and a perfect opportunity to consider taking on a repair and painting franchise opportunity.
Many repair and painting franchises are mobile businesses and can be run from home, meaning fewer outgoings. These franchises are typically outfitted with a branded mobile vehicle so that workers can bring all the necessary supplies to a client's home.
There’s currently huge growth potential in the repair and painting sector, so it’s a great time to consider investing in a well-known brand on which your future customers feel they can rely.
Franchising Vs. Independent
All franchise opportunities are investments - you need to make an initial financial investment to access the portfolio of benefits that your franchise opportunity offers. Most franchise investments start at around $25-50,000, but can reach up to around $200,000.
Of course, most of us don’t have that type of collateral hiding in a box underneath our beds, so we need to apply to funders to help us achieve our investment goals.
Luckily, most banks and moneylenders favor the franchise model - they consider independent companies a much higher risk in respect of return on investment. Franchises can rely on their parent company’s reputation and business model that has already been proven successful, sustainable, and profitable.
The same can't be said for independent companies that present a much higher potential risk for investors because their business model hasn't proven its market viability, and there's no evidence of customer need. The lack of reputation means that most independent companies often fail to penetrate the marketplace against their established competitors, and there's a high probability of failure within the difficult first five years.
In fact, around half of all independent companies go into receivership within five years as they fail to recoup their initial investment and penetrate the marketplace.
Franchise businesses, on the other hand, tend to hit the ground running, achieving a comfortable starting position with which to thrive for years to come.
Repair and Painting Franchises
Check out Franchise Direct's excellent choice of repair & painting franchises, and help American homes look fresh and new!
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