09 Feb Own a Business in the Lucrative Home Improvement Industry
The housing market is booming! Research by the real estate website realtor.com predicts we can see a 6.6 percent growth in home sales nationwide in 2022. That’s the highest sales have been in 16 years. It adds up to a great opportunity for someone interested in the home improvement industry. Here’s why.
While some of these sales represent new construction, most involve older homes that may need renovations before the new owners move in. Many existing homeowners are also considering renovation as an alternative to buying a new home. These factors are contributing to strong growth in the home improvement industry.
While the COVID quarantine put a lot of businesses on pause in March of 2020, many home improvement and remodeling businesses were categorized as essential and allowed to keep operating. As a result, this industry has seen consistent growth. According to the Leading Indicator of Remodeling Activity (LIRA) published by Harvard University’s Joint Center for Housing Studies, the home remodeling industry is expected to grow by 12.3 percent in 2022.
Consider the Home Improvement Industry
So, if you are an investor who’s looking to buy a franchise, it’s worth considering a home improvement business. Closets by Design provides homeowners many different choices when it comes to how they want to update their homes. We renovate every type of closet, from walk-in closets to reach-ins. But we don’t stop there. Closets by Design can improve every room in a house. We transform spare spaces into home offices, improve the organization inside garages, and change laundry rooms from ugly and awkward to bright and orderly. We custom design our organizational system to meet the customer’s home renovation needs. The wide range of options give franchise owners multiple sales opportunities within each home.
Benefits of Franchising with Closets by Design
If you are in the market for a home improvement franchise, you’d be amiss if you didn’t consider Closets by Design. Entrepreneur magazine has ranked us in its top 500 franchises for eight straight years. We are also ranked number one in our category in 2022. The factors the magazine uses to evaluate a franchise are the same ones you should consider when choosing which franchise to purchase. They include the size of the initial investment, the strength of the brand, and the support system provided to the franchisee.
In our more than 30 years in the industry, we have built a well-known, and more importantly, a well-respected brand. We provide our franchisees with extensive training, including two weeks onsite at our corporate offices in California. You will have an exclusive territory, and we will assist you with site selection for your facility. You’ll receive another two weeks of hands-on training at your facility. We are experts at sales and marketing and will teach you what you need to know in these areas to run a successful franchise. Additionally, we have a top-notch support team that’s always available to answer your questions.
Is Closets by Design Right for You?
If you are an experienced leader with good people and management skills, you might be an ideal candidate to head a Closets by Design franchise. Sales and marketing experience is helpful, but not necessary. And you don’t need any construction, manufacturing or installation skills at all. To find out more about this exciting opportunity in the home improvement industry, contact us to request more information today.