Home improvement is in high growth! In this article, discover the most successful home renovation businesses and their markets to consider for franchise investment.
- Is it profitable to open a home renovation business in 2022?
- Most profitable sectors in the home improvement business
- The most successful franchises in the home improvement sector
- Top 3 most profitable franchises in home improvement
The UK home improvement industry is worth billions of pounds. The pandemic revitalised the perception of one's home, boosting its market value to soaring heights. This meant that housing costs have risen, pushing people to stay in their homes rather than move houses. And furthermore, renovating and extending the valuation of one's home with a new kitchen or bathroom. In essence, Brits' finances are stored in their homes as opposed to other assets, increasing the demand for home advancements in general. In many ways, real estate is driving the wealth of British citizens, and it shows no indications of slowing down. If anything, people realised the importance of their homes after spending more time than ever in them after the Covid-mandated lockdowns.
In other words, the home renovation and repair industry are fantastic to look for a franchise opportunity that rakes in profits and financial freedom. And with it, there are many home development franchise options to select from. As a result, we have compiled the best and most profitable home improvement sectors and businesses for you to consider when choosing your franchisor.
In a nutshell, if you're seeking an innovative and lucrative business opportunity, the home renovation and repair sector is the place to be!
Start a Kitchen business
The UK kitchen renovation and repair market is showing increased growth. Industry experts and analysts anticipate this trend to continue for the time being, despite high inflation rates and energy complications. In fact, of Brits who renovate their homes, 22 pct have said that their kitchen needs either refurbishing, repair, or a complete renovation [money.co.uk].
As a result, successful kitchen franchise chains have arisen in the UK, providing access to pre-existing supply networks, assisting with finding ideal real estate, website and digital marketing support, and even client recommendations. All reasons to join the kitchen sector today!
Start a Furniture & Furniture Repair business
The UK furniture & furniture repair industry attracts creative business people with a love for traditional and modern stylings. While the trend of 'improve, not move' in home improvement meant that Brits are rethinking their interior design.
The furniture sector is projected to enjoy a 3.2 pct growth year-over-year, with Brits buying £14.4 billion of furniture and furnishings in 2020 [MorderIntelligence]. So whether you are into Nordic minimalism (BoConcept) or traditional French style (Gautier), a furniture and furniture repair franchise is for you.
Start a Landscaping & Gardening business
Several factors contribute to the rise of landscaping needs in the UK. But one significant factor is the increased demands on British people's time. No longer do Brits have the time to pick and groom their gardens. In reality, landscaping is more complicated, requiring knowledge of planting and hard labour. This clashes with the rise of environmentalism, placing risen importance on one's garden. In fact, with the rise of the elderly population, the increase of gardening, lawn care, and landscaping are growing in tandem due to their physical limitations.
In detail, the landscaping sector is projected to grow year-over-year by 4.2 pct between 2022 and 2027 [MorderIntelligence]. In the UK, landscaping and gardening grew by 5.7 pct beating the global average, valued at 4.2bn pounds [IBISWorld].
Concept Claim Solutions
The essential service of Concept Claim Solutions provides Insurance Claims Management & Building Repair within an industry where claims are worth £3 billion every year. Property damage is sadly increasing in the UK, but it also means you have the potential of earning a six-figure income while helping people through a hard time. So with 17 outlets, an incredibly affordable investment minimum of £7,000, third-party financial support, and a business model that combines claims with overseeing building and repair, Concept Claim Solutions is a franchise to consider.
With 30 outlets in the UK and over 800 worldwide, Schmidt installs kitchens, bathrooms, and general interior designs like no one else. Their unrelenting focus on innovative products from Germany and design sensibility from France keeps their solutions up-to-date and modern, while the rapid growth of kitchens in Britain during lockdown saw Schmidt enjoy booming financials. So with £70,000 plus third-party funding, you can open a Schmidt franchise showroom today and expect over £100,000 in actual earnings.
Undeniably British, Granite & TREND Transformations boasts 43 outlets scattered around Britain specialising in kitchens. Uniquely, their business model customizability to fit your needs and your financials is incredibly novel and worth noticing. Essentially, they offer a business model that supports your needs for either a high-growth business or a quaint boutique: the choice is yours. In any case, you can expect to see incomes between £400,000 to £600,000 for your first year and a £1m turnover by your third year!
Underneath any house is a sturdy foundation, and that is where GoliathTech comes in. With a vast British presence of 187 outlets, you can service not just private homes, but decks, railway infrastructure, agricultural infrastructure, solar, and much more. So after £100,000 and £49,500 in fees, equipment and training provided, you can get ready for a high-growth business.
Jackson Fire & Security
Jackson Fire & Security as a franchisor uniquely offers complete technical, marketing, and accounting support. In other words, no matter your background, you can grow their existing network across Britain of 10 outlets. Jackson Fire & Security's portfolio of fire and home security offerings are of Gold standard quality, servicing both enterprises and homes making the market plenty to grow in. So with a £69,500 total investment and £39,500 in franchise fees, you are on your way to £200,000 in revenue in your second year.
Unabashedly a quality plumbing service. Metro Plumb offers an inviting total investment of £17,000 and even franchise funding support to get you on the way. They cover the entire UK from 20 outlets, can be operated with limited ongoing operating fees, and enjoy a 24/7/365 plumbing demand from domestic and businesses. With Metro Plumb, you are backed by a larger franchise network covering recognisable franchises such as Metro Rod (below), ChipsAway, and Ovenclean.
The drain care and repair sector in the UK is a business ripe with repeat clients and 24/7/365 demand, and Metro Rod is capitalising on this need with over 22,000 client requests per month. Metro Rod covers the entirety of Britain with 40 outlets in drain repairs and inspections, gutter clearance, planned maintenance, tanker services, emergency plumbing, asset mapping, and robotic cutting. You can get started with £50,000 with outside funding support available covering 70 pct, and multiple franchise resales possible. Upon starting, you can expect to see £150,000 in sales from day one up to £1 million!
1. Jackson Fire and Security franchise
Despite the franchise only covering the UK with ten outlets, Jackson Fire and Security can be started with no prior experience or expertise in security systems. You can adopt a winning business model with a third-party Gold standard accredited quality as Jackson Fire and Security handles the technical, marketing, and accounting assistance. All you need to do is manage and grow.
2. TREND Transformations franchise
Compared to Schmidt, TREND Transformations is not global in scope but has a strong foothold in the British kitchen renovation and repair market. Nevertheless, TREND Transformations offers a customisable business plan and extremely lucrative earnings. You only need £35,000, which can be funded by a third party by up to 70 pct, and you can expect 13 times revenue compared to the start-up capital in year one, and £1 million, or 27.5 times by your third year!
3. Metro Rod franchise
Metro Rod was chosen as the plumbing and drain care franchise due to its vast portfolio of services covering private homes and businesses, providing extensive growth potential. Additionally, if strictly plumbing services are desired, Metro Rod is within the network of Metro Plumb which offers just that.
The third-party support covers up to 70 pct of financials is enticing, and for the right franchisee, sales can be 2 to 2.5x the investment, with the attractive six-figure number also being possible later on. There are even options for resales in Cardiff, North Scotland, South Yorkshire, London South East, and Cambridge.
Discover more about the lucrative home improvement sector and the home improvement franchises options we offer. Alternatively, click their orange contact button on the franchises above to find out more about their opportunity.
Jakob Pii, Point Franchise ©