Franchising? Try Home Renovation
Here’s Why Opening a Renovation Franchise has Become a Popular Option for Business-Minded Individuals.
The past few years have brought a shift in societal mindsets when it comes to both the way we see our jobs and the way we see our homes. After lockdowns sent many workers remote, the transition back into the office has been slow or even nonexistent for many. A growing proportion of the workforce is choosing to begin working for themselves by freelancing or starting their own businesses — including franchising.
Simultaneously, the housing market’s dramatic fluctuations in the last few years, coupled with new mindsets also brought on by lockdown, have turned more and more people’s attention toward their homes. Whether that has meant improving their current home by taking on a DIY project or partnering with a renovation franchise, or whether it’s involved moving to a new home or state completely, priorities have undeniably shifted when it comes to where we live.
These two factors combined make this a lucrative time to open a renovation franchise. Here’s why.
Lowest Franchise Fee
Starting at $49,500
Declining Royalties
5% / Declining
Lowest Brand Development Fund
2% national brand development fund
Powerful Software
On-site quoting software, automated sales processing included
Built-In CRM
Automated communications / reporting
No Local Restrictions
No exclusivity on territories
And best of all....
Franchise System Ownership
When you become part of the Painter1 family, you own a piece of the franchise system overall!
Disposable Income
During the lockdowns caused by the COVID-19 pandemic, household budgets generally grew more roomy. Without spending money out and about at restaurants, shows, or sporting events, many families ended up with the opportunity to spend some overflow on improving their homes.
At the same time, as many big-name employers moved to a permanently remote model or opened headquarters in more affordable cities, many professionals found themselves with the freedom to move out of pricey coastal cities like San Francisco and instead buy homes in areas with a lower cost of living, like Raleigh. This shift has contributed to added disposable income in many households, opening the door for partnerships with renovation franchises in order to improve the home itself.
We'll help you achieve success, gain your freedom, find more time and grow your financial security within your own painting franchise.
Step into a thriving industry with the best branding, marketing materials, coaching, software, tools and technologies available.
Step into a thriving industry with the best branding, marketing materials, coaching, software, tools and technologies available.
Renewed Attention on the Home
On top of the fact that more homeowners can now afford to hire professionals for their home improvement and renovation projects, the home has also grown more important in the minds of many people. Because there were months when many people spent almost all of their time at home during lockdowns, many people have found themselves with a renewed attention on their homes.
For some, this meant noticing imperfections and areas for improvement. For others, changing lifestyles simply meant they needed something different from their home, such as a home office or classroom, or more outdoor space for entertaining safely. These shifts in lifestyles as well as the heightened time and attention put toward the home has also contributed to making the home renovation industry a lucrative and high-demand undertaking, drawing more people toward a renovation franchise.
Seller’s Market
Most people who have moved in the last three years have found themselves dealing with a competitive seller’s market. While some local markets are stronger than others, sellers have had the upper hand in transactions throughout most major cities since the onset of the pandemic.
Therefore, many people have found that the only way to get into an existing home is by offering well over asking price, which has skewed home buying budgets in many areas and left some buyers with homes that need significant renovations.
For many, the eagerness to take advantage of low interest rates and get into a home quickly outweighed the fact that there would be some work to do in order to update the home or adapt it to new lifestyles. Renovation franchises have seen an uptick in demand as new buyers have requested help in executing their vision for their new home.
Opening a Renovation Franchise with Painter1
Whether you’ve been involved with DIY projects and construction jobs all your life or whether you’re simply ready for the next step in your career, opening a renovation franchise with Painter1 may be the perfect next step. Painter1 offers declining royalties and unlimited territories, allowing you to see the fruits of your labor and truly strive for more.
You don’t have to know how to renovate a home or even how to run a business in order to get started with a home renovation franchise. Painter1 offers a Mentorship Program that pairs new Franchise Owners with seasoned professionals who can speak to the realities of running the business and give guidance as needed. As you get started, you’ll benefit from in-depth training, and you’ll always have support along the way!
Leveraging the reputation and experience of Painter1 is the ideal way to benefit from the booming home improvement business by opening a renovation franchise. Get started today!