Bathroom Remodeling Business: What You Need to Know Before You Begin
Are you thinking about starting a bathroom remodeling business? A bathroom remodeling franchise like Bath Tune-Up can be quite lucrative, but make sure you know what you're getting into. Read this before you get started.
Bathroom Remodeling Business Outlook
If you’re ready to build a new future and take control of your career as an entrepreneur, opening a bath remodeling business can potentially put you on the fast track to success. Here’s why:
- High demand: Bathrooms are one of the top remodeling projects among homeowners. They turn to remodeling to update outdated styles, make the bathroom more accommodating, and increase resale value. The return on investment for a bathroom remodel was nearly 50% in 2023.
- Strong profit potential: Spending on bathroom remodeling is on the rise. The median spend on all bathroom remodels jumped nearly 60% from $9,000 in 2021 to $15,000 in 2023. The average sale amount for a full bathroom remodel for 31 of Bath Tune-Up’s territories was $28,024 in 2023.*
- Requires a professional: Unlike painting or lawn care, nine out of 10 homeowners outsource bathroom remodeling to professionals, according to a study conducted by Houzz. Bathroom remodeling often requires the expertise of a plumber and general contractor to get the job done. As part of a remodel, at least 22% opt to increase the size of their primary bathrooms. To add square footage to the primary bathrooms, homeowners pull space from closets, bedrooms, and hallways.
“We’ve seen homeowners work with home professionals to find new ways to maximize their existing space and better meet their needs since the beginning of the pandemic. Now, they’re finding ways to reconfigure rooms to expand bathrooms and showers,” Marine Sargsyan, Houzz staff economist, said in a statement. - Flexible opportunity: You can start small, handling projects on your own or with a small team, and expand as you establish your reputation and increase your client base.
- Recession resilient: Home improvement services, including bathroom remodeling, tend to be resilient during economic downturns. People may choose to remodel rather than move to a new home when budgets are tight.
Why Franchise with Bath Tune-Up?
Bath Tune-Up was created to meet the growing demand for efficient, cost-effective bathroom updates without the need for extensive demolition or long periods of downtime. Our franchise model offers structured processes and services ranging from simple updates to complete overhauls, allowing franchisees to cater to a diverse clientele and make bathroom remodels accessible for homeowners. We rely on curated designs to streamline the remodeling process.
You do not need contracting experience to run a Bath Tune-Up franchise. You’ll concentrate on building a successful business and outsource remodeling work to experienced contractors. For an initial investment of $104,930 to $158,850, you’ll get the training, tools, and support you need to build a business in the remodeling industry. We’re looking for new franchisees with project management skills and a customer service mindset.
Bath Tune-Up benefits from brand recognition, which can help new franchisees attract customers. Strong branding also means that customers are more likely to trust the quality and reliability of the services offered. We have 48 U.S. locations. As a testament to the strength of the remodeling industry and our brand, Bath Tune-Up added seven new locations last year.
We also have the backing of Home Franchise Concepts, a leader in the home services industry with ten different brands, including Kitchen Tune-Up, The Tailored Closet, Two Maids, and more. Home Franchise Concepts is a subsidiary of JM Family Enterprises, a privately owned, $20 billion company that ranked No. 22 on Forbes’ list of “America’s Largest Private Companies.”
Capitalize on a Winning Business Model
Inquire now to learn more about partnering with Bath Tune-Up to gain a foothold in the home remodeling industry.
*See FDD for details.