Top 10 Home Improvement Franchises

Every homeowner has specific home improvement needs in their house. There are times when homeowners feel that it’s not worth spending money on minor repairs or renovations because the cost of repair will be more than the value of the home itself. However, as time passes, such homeowners see the need to give their homes a new look or make them function better. 

If you love home renovation and repair and want to venture into this industry as a business owner, you should consider investing in a home improvement franchise. These franchises offer opportunities to own a business while working in an established niche market with less risk than launching your own independent company from scratch. You can conduct market research and due diligence to find which of these home improvement franchises is right for you. Here are the top ten options in the market:

1.  Budget Blinds

First on our list of home improvement franchise options is Budget Blinds. This company prides itself in being North America’s number-one provider of custom window coverings. They also claim to offer cost franchise investment with low overhead but a home-based business model that offers great earning potential. A franchise requires a total investment of $140,533 – that includes the $89,950 initial fees and the $50,583 minimum working capital.

2. Decorating Den Interiors

When it comes to home maintenance franchise options, Decorating Den Interiors is one of the options that offer a “turn-key” business system. That means you’ll have all the support and tools you need to begin the business on your own. Starting a business with a franchise under this company requires an investment of $53,813 to $70,400.

3. USA Insulation

If you’re looking for a business with a stable presence in the industry, you may want to check out USA Insulation. This company ranked as a top franchise in Entrepreneur Magazine’s Home Improvement Category. In addition, they also have 35 years of experience, so you can rest assured that they have a good grasp of the industry. The estimated initial investment for this business ranges from $271,000 to $399,500.

4. iDeal Furniture

Also included in our list of home improvement franchise options is iDeal Furniture. Technically speaking, the company’s website says they don’t offer a “franchise” per se, but a “Dealership and License Opportunity.” That means you will be licensed to hold the brand name, use their systems, and sell their services and products. However, you won’t have to report sales or pay a part of your gross sales to the company. The fee to protect an exclusive territory ranges from $19,000 to $59,000, depending on the area.

5. Mr. Appliance

Having been established in 1996, Mr. Appliance has two and a half decades of experience in appliance repair. In fact, it has over 300 locations across North America. If you’re looking for a company that offers good business support and innovative marketing strategies, this is one of the options you may want to consider. The estimated initial investment ranges from $80,925 to 158,640, with a required minimum net worth of $200,000.

6. Ace Hardware

Ace Hardware has built a name for itself as a go-to store for just about anything related to home and office improvement. In fact, the brand already has 5,600 stores worldwide, proving that they have a system that works. According to Ace’s website, two things set them apart from other home maintenance franchise options. First, they don’t have franchise fees and royalty fees, and second, you own the brand, your store, and the company. Starting an Ace Hardware store requires an initial investment of $292,000 to $1,624,230.

7. Miracle Method Surface Refinishing

Miracle Method Surface Refinishing is a good home improvement franchise to consider if you want a business that deals with repairing and restoring bathtubs, vanities, tile showers, sinks, tile floors, and more. This company claims to offer franchise owners not only a proven business system but also tried and tested marketing, tools, and training. The initial investment costs between $96,400 to $195,800.

8. Bloomin’ Blinds

If you’re looking for family-owned and operated home service franchises, check out Bloomin’ Blinds. This company takes pride in adding a personal touch to its business by offering consistent encouragement and support – exactly what you’ll expect from a family business. They have an average gross sales of $859,120 with a 51 percent average profit margin and $181,065 average adjusted earnings. The initial investment costs around $50,000 to $100,000. 

9. CertaPro Painters

CertaPro Painters’ unique value proposition among franchise owners is simple: an affordable business for just about anyone. In fact, their website says the total investment needed to start a CertaPro franchise ranges from $90,750 to $188,900. This is quite reasonable, given that it allows business owners to use their business format, operations manual, tech assets, and more.

10. Floor Coverings International

Last but not least on our home improvement franchise options is Floor Coverings International. This brand disrupts the industry by offering an innovative way of buying new floors. They have more than 200 locations in North America, thus showing how the market trusts the brand. The initial investment ranges from $165,400 to $235,100.

Tips for Choosing a Home Improvement Franchise

Just as with other business ventures, such as bagel franchises, there are some parameters you need to consider while choosing a home improvement franchise. These are:

Required Investment

The amount of capital required for starting a home improvement franchise will depend on many factors. These factors include the cost of the inventory, the size of the location, the number of staff required, and the desired profit margin.

Shop size

The size of the shop will depend on the kind of products you need to store, the number of customers you expect, and the equipment you need to operate the business.

Location

The location of your shop will determine the kind of customers that you get and their purchasing power. You should conduct thorough market research to choose the best location for your shop.