If you have always fancied being your own boss – or you're a fan of “Do It Yourself” in general - how about considering a tool franchise business?Home improvements is a growth business these days, and supplying quality tools to commercial companies can also net you a tidy profit. According to the Office of National Statistics, the UK now spends £30 billion a year on projects in and around their home. That's the equivalent of £43 million each week.
That’s not to say that the property building and repair industry – a sizeable market for tool franchise businesses – isn’t going strong too. The prediction is that UK construction projects will increase by 1.3% in 2017, then another 1.2% in 2018.
With so much potential business to go after, it's easy to imagine that setting up a standalone business supplying DIY or construction equipment would be plain sailing. However, these are price-sensitive sectors – and success may hinge on having a reliable, lower cost supply of products under a tool franchise contract.
Tool franchise brand identity is valuable too, to help you bring in customers from day one. A tool franchise also means benefitting a ready made website and expensive items such as vehicles, shop fittings, training and insurance at favourable prices.Your tool franchiser can also help find the right location for your shopfront or mobile tool supply territory.
Which sort of tool supply business you run is up to you.For example, global brand MAC Tools (part of Stanley Black & Decker) is seeking to add more tool franchisees to their network, as are Snap On Tools. You could also choose to join the team at Mr Arkwright’s Tool Emporium. Or start a mobile tool franchise under the Matco brand.
To put more great ideas in your tool box, contact us today. We can match you to the right tool franchise to help you build success today.