The home improvement business in the UK is a multi-billion pound industry. The pandemic renewed a fresh look at one’s home, increasing the valuation of the home renovation sector. Housing prices have also increased, prompting people to improve their homes rather than move. This effect has also cascaded into that people’s finances are stored in their houses, further making them improve and repair their homes.
All in all, these effects have made the home advancement sector an excellent place to consider starting a franchising business. And with it, many home development franchise ideas that you can choose from. We have highlighted 9 of the best ones in this article and provided information on the best franchises to consider if you are looking to become a franchisee.
The Six Home Improvement Business Ideas are:
Start a Kitchen & Bathroom business: Repair and Renovation services
The kitchen is the heart of the house, and the growth of the kitchen retailing and fitting sector is a sign of this importance. In fact, the kitchen sector is thriving with a five pct growth year-over-year, and the flourishing franchising options on offer are capitalizing on this progress. Below you will see successful franchises in the kitchen and bathroom sector. However, if you want the entire list, our kitchen franchise opportunities are an excellent list for that.
Wallpaper installation and fixing business
Wallpaper installation and fixing business is all about decorating the home. A lot of homes today use wallpaper because they are affordable and aesthetically appealing. The company needs a lot of grit and creativity for success.
It is a simple way of making money as all you will need to do is install wallpapers, and though most times, homeowners will seek your counsel for the most appropriate wallpapers for their house. Wallpapers can incredibly improve the appearance of a home, especially the 3D format.
The business is lucrative, in high demand, easy, and a low-cost entry into the business of home improvement. It doesn’t even require a high level of training or sophistication.
Furniture Polishing and Spraying
Furniture polishing is another type of lucrative and flourishing home improvement business. If you are interested in earning a considerable amount of cash, then this business is worth starting. This business has a vast clientele or customer base.
Furniture looks more beautiful when polished. Furniture like chairs, cabins, wardrobes, tables, and shelves are found in every home and may need polishing.
Polishing and spraying furniture is a way of refurbishing and caring for furniture in a bid to prevent waste. In order to thrive in this business, you need a basic understanding of carpentry, which will enable you to repair wooden furniture. Spraying will also mean removing old finishing and applying a new coat or staining the wood afresh.
Deck building business
The demand for decking is at an all-time high, and business analysts have predicted that 7 billion dollars worth of deck materials will be bought in the coming years. This shows the lucrativeness of the deck-building business. Homeowners are usually upgrading or renewing their outdoor decking.
The deck-building business revolves around constructing decks and patios for homes. There are lots of decking materials today, like pressure-treated decking, redwood decking, vinyl decking, wood decking, and composite decking boards.
Home Remodelling business
The home remodeling business revolves around renovating or improving the design of an existing home in order to improve its appearance. It is very profitable, especially in areas with ancient buildings. People, who live in antique homes or homes with vintage structures and designs, always request the service of a home remodeler to modernize their building.
Home remodelers focus on residential apartments. They also offer services to residential buildings destroyed by fires or disasters. As a home remodeler, you might be asked to focus on parts of the house, for instance, the kitchen. Today, a real estate lingo, ‘green remodeling,’ is on the rise as more home residents are transforming their homes into eco-friendly, energy-efficient, and sustainable buildings.
Lawn care business
Lawn care service business is another profitable home improvement-related business you can engage in. It is exceedingly easy to set up and manage when compared to other businesses. What is needed is the essential tools and machinery like lawnmowers, wheelbarrows, and shovels, amongst others. This business has enough potential for hard-working and determined individuals to make money in.
The business requires some skills like good organizational quality, customer service, trustworthiness, communication capabilities, and teamwork. You will also have to maintain your machinery and equipment, understand how to track your expenses and develop financial literacy.
In conclusion, the home improvement business is a large and growing industry. There are many opportunities for entrepreneurs who are willing to work hard and provide excellent customer service.
If you are considering starting a home improvement business, there are a few things you need to do to be successful. First, you need to do your research and understand the market. What are the needs of your target customers? What are the trends in the home improvement industry?
Once you understand the market, you need to develop a business plan. This plan should contain your goals, strategies, and financial projections. It would be best if you also created a marketing plan to reach your target customers. Finally, it would help if you built a strong team of employees. Your employees are the ones who will interact with your customers and provide the services that make your business successful.