Bathroom Renovation Business: Is It Right for You?

A bathroom renovation business can be a profitable investment, but there are some things to know before you begin. Learn more about the remodeling industry and why a franchise may be a better opportunity.

Despite economic headwinds, the home renovation industry is booming. At least 56% of homeowners took on a renovation in 2023, and 91% enlisted the help of a professional, according to Houzz. Kitchens and bathrooms are the top remodeling projects for another year. Houzz reports approximately 25% of home remodeling projects were primary bathrooms, and 27% were guest bathrooms.

Earning Potential of a Bathroom Renovation Business

The average full bathroom renovation cost can range from $30,000 to $40,000, depending on the extent of the remodel. The average gross profit margin for remodeling contractors was 24.9% in 2021, but supply costs can play a major role in profitability.

High supply costs can make bids less competitive if contractors pass these costs onto clients, or they can reduce profit margins if contractors absorb some or all the increased costs to maintain competitive pricing. Smaller contractors who may not have the purchasing power or cash reserves of larger firms can be at a particular disadvantage when supply costs rise. They might not be able to secure bulk discounts or negotiate as effectively with suppliers, making it harder to compete on price and quality.

Why Join a Bath Tune-Up Franchise?

Franchising enables you to own an established brand with training, support, and ongoing guidance. You get a turnkey, scalable business. You don’t need experience in home remodeling to own a bath and kitchen franchise like Bath Tune-Up. We’re pros at helping franchisees with no industry experience become experts in the remodeling services business and develop a renovation company business plan. If you have project management skills and the ability to hire and build a healthy work environment, you can run a successful franchise.

Take a closer look to understand how Bath Tune-Up offers a competitive advantage:

• Lower supply costs: A bathroom remodeling franchise like Bath Tune-Up can help alleviate some of the concerns around supply costs. Bath Tune-Up negotiates pricing with suppliers to help keep supply costs down. Having group buying power enables you to potentially generate more profit for your business.
• Unique selling proposition: Standing out in a crowded market can also be a challenge for small contractors. To make a splash, you’ll need to focus on marketing, customer service, and technology enhancements. Bath Tune-Up relies on curated designs to help streamline the renovation process. We can refresh a bathroom or do a full-scale renovation.
• Technology innovations: Bath Tune-Up relies on cutting-edge technology to help its franchisees provide high-quality customer service. Our online design tool enables customers to visualize their new bathroom and preview various designs.
• Marketing support: Our marketing team will teach you how to market on a local level utilizing our approved preferred vendor partners. This will enable you to build a successful lead-generating local marketing plan for your bathroom remodeling business.
• Respected brand: Bath Tune-Up is an ideal investment opportunity for entrepreneurs transitioning into business ownership from corporate backgrounds who want to take control of their future. We’ve received numerous accolades for our franchise success, including ranking on Entrepreneur’s Franchise 500 ranking and Franchise Direct’s list of Top Global Franchises. We’re also part of the Home Franchise Concepts family, one of the largest direct-to-consumer franchise companies in North America. Home Franchise Concepts is the franchisor of 10 home services brands, including Kitchen Tune-Up, Budget Blinds, and Concrete Craft.

Inquire now to learn more about the benefits of partnering with Bath Tune-Up to launch a bathroom renovation business.