Build a Solid Foundation with These 3 Home Renovation Franchises

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home renovation

Home renovation franchises are a fantastic investment. In a time when house prices seem to be rising uncontrollably, more and more homeowners are opting to stay put and make improvements to the property they already have. This means there are plenty of renovation franchises out there catering to and capitalising on the high public demand.

In the UK, the home renovation market is worth an estimated £26 billion. In the last five years alone, UK homeowners have spent a combined £295 billion on improvements such as kitchen renovations and garden landscaping. This is not surprising, given the return than can be made its thought that up to £40,000 can be added to a propertys value as a result of renovation.

So, theres certainly scope to develop a highly profitable business in the home renovation sector. But what other benefits are there to be had? Here are just a few of them:

  • You can choose which area youd like to specialise in. For example, you could opt to offer extensions, kitchen or bathroom renovations, or plumbing or upholstery services. Once youve mastered one, you could develop your home renovation business by branching out to provide more services.
     
  • Youll benefit from word-of-mouth referrals. If a customer likes the work youve done, theyre likely to recommend your services to their friends and family. This will complement any promotional activity you do and generate even more income. Of course, it works both ways if you provide poor service, customers will warn others against you.
     
  • Renovation companies have the chance to make a huge difference on others lives. If you think you would simply be making a space more attractive, youd be wrong. Home renovations can have an incredible, positive impact on the people that live there. Improvements can boost everything from mental wellbeing and mood to your social life. At the most extreme end of the spectrum, it can help those with physical disabilities restructure their home to make it more practical for day-to-day life, making everything easier in the long run.
     
  • Creativity is at the core of home renovation. Great transformations rely not only on skill but on creativity too. Youll get the chance to think outside the box and create truly unique solutions to your customers problems. This means your job should never be boring.
     
  • Youll get to learn. As you grow your company and increase the number of services you offer, youll learn more about the home renovation business. This will also make your work more interesting and allow you to become more specialised in your field. While some business owners might be happy to stand still, youll have the chance to push forward and increase your credibility and, in turn, your profitability. An added benefit of this is that youll be filled with great ideas for your own home, allowing you to improve the space you return to after a hard days work.

House renovation companies

Not all franchises are made equal, and some offer would-be franchisees a much better deal. In this article, well explore some of the best opportunities for savvy entrepreneurs and why you should consider joining one of them. Although there are a large number of house renovation franchises, we consider three to be head and shoulders above the rest: Surface Medic, Refresh Renovations and Trend Transformations. To give you an insight into what makes them so special, weve created an in-depth guide for you.

Surface Medic

Surface Medic is a relatively new franchise that has only existed for a few years. However, this hasn't stopped it from becoming one of the UK's leading home renovation specialists and a remarkably popular investment opportunity. With a dedicated support team of seven and a rapidly growing network of franchisees, Surface Medic is one to watch out for in the future.

The franchise specialises in repairing hard surfaces of all types and restoring them to their original, pre-damaged state. To do this, it uses a wide range of cutting-edge tools and techniques, all of which are taught at the franchise's dedicated training centre. The business has strong links to the insurance industry and is one of many franchises that have experienced rapid growth due to the leading insurance companies' preference for renovation over replacement.

How much does a Surface Medic franchise cost?

Your Surface Medic franchise unit will require an initial investment of approximately £25,000. While this will get your business off the ground, additional working capital will be necessary to see it through its launch and early stages. As the franchise is an established and well-respected organisation, its highly likely that youll be able to receive some assistance from major lenders when financing your franchise unit.

Surface Medic estimates that most franchisees will be able to achieve a turnover of around £70,000 in their first year and that, with time, it is possible to earn a six-figure income. However, it also emphasises the fact that this requires an impressive work ethic and will depend on the franchisee putting in long hours to grow their business.

What does the Surface Medic franchise package look like?

The most attractive feature of the Surface Medic franchise package is the comprehensive training programme on which all franchisees are enrolled. This focuses on ensuring that business owners have the skills required to perform the practical repair work and are prepared for the business management aspect of the role.

On top of the training programme, franchisees are also provided with launch support and ongoing guidance, the business operations manuals and a considerable amount of branded equipment. However, a work vehicle will need to be leased or bought to perform the role.

Refresh Renovations

Refresh Renovations was established in 2010 by New Zealand's foremost strategy and marketing company, Traffic. Having become a key player in the domestic renovations market, the franchise decided to expand into both Australia and the UK.

Currently, the company boasts a network that encompasses 41 franchise units 26 of which are in New Zealand, 13 in Australia and 2 in the UK. The business is looking to expand in all three of these markets and is searching for individuals with the skillset required to become franchisees and facilitate this growth.

Refresh Renovations offers a project management service. Using its list of quality-assured, accredited and approved tradespeople, it manages renovation projects for customers who want their kitchens remodelled, extensions built or homes completely revamped. It provides a customer-focused experience that ensures the homeowner is kept in the loop and aware of developments at all times.

How much does a Refresh Renovations franchise cost?

Currently, UK franchise opportunities with Refresh Renovations are priced at £50,000. However, as more and more franchisees are added to the network, this is likely to increase. As the franchise is still in the early days of its UK expansion, territories are available up and down the country. Its also important to note that, on top of the £50,000, franchisees will need additional working capital to support the early growth of their business.

What does the Refresh Renovations franchise package look like?

The Refresh Renovations franchise package is centred on a high-quality training programme that provides franchisees with all the information and techniques they need to deliver satisfactory service. However, it also includes other essential features, such as the company's bespoke IT systems, its strong marketing support and access to its supply chains and established purchasing power.

Trend Transformations

Trend Transformations is an international franchise with a presence in the US, Spain, Australia and the UK. Founded by Dr Pino Bisazza and Andrea Di Giuseppe, both of whom have extensive experience working with glass and stone, the franchise specialises in providing customers with premium quality home renovation products and services. With a focus on tiling and hard surfaces, they offer a bespoke renovation service that uses unique materials for spectacular results.

How much does a Trend Transformations franchise cost?

A Trend Transformations franchise will set you back somewhere between £57,000 and £68,000. This can be broken down into the following payments:

  • The initial licence costs £25,000-£30,000 (depending on the territory)
  • The franchise package is priced at £17,500
  • The tools and equipment cost around £10,000-£15,000

Up to 70 percent of this investment can be borrowed from a major lender, but a minimum of £25,000 must come from personal assets.

What does the Trend Transformations franchise package look like?

Trend Transformations uses its franchise package to make sure franchisees are capable of managing both the hands-on work and back-office management. This means dividing the training into two separate parts and providing comprehensive instruction in both. Financial management, business planning and marketing support are all provided, while the franchisor will also help you equip your premises and launch the new business.

Start your own home renovation franchise today

To browse our selection of home renovation and construction franchises, just click here. Youll be able to compare their investment costs and franchisee criteria to find the best one for you.

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