What’s the Best Home Services Franchise to Start in 2022?
If you are interested in starting a home services franchise in 2022, Creative Colors International has a business investment opportunity designed to generate profits by capitalizing on multiple revenue streams.
The home services industry is booming in the United States. As Americans limit travel and spend more time on the home front, they are investing in making improvements to their homes. Low interest rates and soaring home prices are allowing Americans to take advantage of the equity in their homes to make improvements. Annual expenditures for renovation and repair were slated to rise to $337 billion by the second half of 2021, compared with $332 billion in the previous year, the Joint Center for Housing Studies of Harvard University projected.
While spending less on entertainment and travel helped increase the amount of money many Americans have in the bank, current events continue to spark concern. The rollout of vaccines and a positive economic outlook is helping fuel America’s recovery, but the emergence of the latest COVID variant is damaging consumer confidence and causing many Americans to tighten their purse strings.
Home improvement remains a priority, but people are searching for ways to cut costs and spiff up their space on a budget. In addition, concerns for the environment and ongoing supply chain issues are prompting people to turn their focus to refurbishing versus replacement. Google search results indicate people are concerned about their home’s carbon footprint. Searches for solar panel installation, energy-efficient kitchens, and geothermal systems are trending, Rocket Mortgage reported.
Home Improvement Franchises Deliver Opportunity
The franchising community offers countless opportunities for people exploring business ownership. At least 40 home improvement franchises earned spots on Entrepreneur magazine’s 2021 Franchise 500 ranking, including window coverings, flooring, kitchen remodeling, and handyman providers. Here are a few reasons home improvement franchises are the business of choice for budding entrepreneurs.
Training and Support. Home improvement franchise owners do not need to have experience in the industry to thrive. Franchising allows entrepreneurs the opportunity to own a business with ample training and support. They receive all of the training and techniques they need to run their business before their grand opening, and franchisors help new owners use their previous experience in business to excel.
Profitable Venture. Choosing a business with a proven track record ensures owners can generate a profit quickly and focus on growth.
Successful Marketing Strategy. Franchise owners can also take advantage of omnichannel marketing programs designed to boost brand awareness and help add new customers in their local communities.
Low Initial Investment. Many home improvement franchises are home-based businesses that do not require the expense and hassle of a brick-and-mortar location. In many cases, franchise owners invest in a van that has all the tools of the trade they need to service customers. The van pulls double duty as a mobile billboard advertising their business.
Ample Financing Options. Picking a home services franchise makes securing financing less of a hassle. Most franchisors provide assistance finding funding for your new business and even offer discounts for veterans.
Attract Valuable Talent. One of the biggest challenges for any new business owner is recruiting employees with a passion for home services and the necessary customer service skills to help you achieve results. Typically, franchises pay 2.2 percent to 3.4 percent higher wages than independent businesses, according to a survey of 4,000 franchise owners conducted by Oxford Economics. Franchises are also more likely to offer benefits than independent operators, making them an attractive opportunity for workers seeking a high-quality opportunity.
CCI Offers Bright Future
CCI is capitalizing on current trends, focusing on refurbishing as the leather franchise leader. Our mobile leather and vinyl repair technicians use environmentally friendly, water-based products that are clean, non-toxic, non-hazardous, and biodegradable.
CCI’s mobile vans are equipped with all the tools to fix furniture and floors for residential customers and area businesses. We also provide services to the automobile, marine, and aviation industries, allowing business owners a diverse customer base to bolster sales. Offering multiple revenue streams helps franchisees diversify their business to fuel growth.
CCI has a track record of hiring highly motivated and skilled technicians. Our technicians have unlimited earnings potential and the ability to create their own schedule, making it an attractive option for talented employees.
Our franchise business consultants will guide you on your new venture. The total initial investment for a CCI franchise starts at $86,980. It includes the down payment cost and setup of your van, pre-opening travel, insurance, home office supplies, working capital, and other expenses.
Learn More About a CCI Franchise Opportunity
If you are interested in learning more about a home services franchise, please visit CCI to request franchise information and learn more about starting a franchise business.