Is a Home Services Business Right for You? What to Consider
A home services business can be a profitable venture, but there are some things to know before you invest in one. Learn more about finding the right opportunity for you.
In today's fast-paced world, homeowners are seeking convenient solutions to meet their household needs. This growing demand has paved the way for the flourishing home services industry. The average homeowner spent $12,904 on home services in 2022 and completed an average of 12.5 projects, according to Angi. The top three projects were maintenance, such as lawn mowing, gutter cleaning, interior painting, and bathroom remodeling.
A well-executed home services business has the potential to be highly successful. The consistent demand for home services ensures a stable customer base, especially considering that homeowners are often willing to invest in quality services to maintain their most significant asset. By providing exceptional service, building a reputable brand, and utilizing effective marketing strategies, entrepreneurs can enjoy steady revenue streams and even scale their operations over time.
Home services encompass a wide range of professional skills tailored to enhance and maintain residential properties. Essentially, any service that assists homeowners in maintaining, repairing, or enhancing their living spaces falls under the umbrella of home services. Some popular home services options include:
- House cleaning
- Landscaping and gardening
- Plumbing and HVAC
- Pest control
- Home renovation or remodeling
The franchise business model can help you gain a foothold in home services. You can start a business with less risk and a proven brand. A franchisor has also honed all the procedures and has the technology in place to enable you to serve customers. Leveraging marketing support and training will allow you to scale your business rapidly to meet your financial and lifestyle goals.
A Home Services Franchise Leader
Bath Tune-Up is a low-investment bathroom remodeling franchise and is part of Home Franchise Concepts, a major player in the home services industry. Home Franchise Concepts has more than 2,400 locations and is the franchisor of ten home services brands, including Budget Blinds, The Tailored Closet, AdvantaClean, Lightspeed Restoration, and Concrete Craft.
For an initial investment of $104,930, Bath Tune-Up provides a competitive advantage for entrepreneurs searching for home service opportunities. We also offer $36,000 of in-house financing to qualified applicants.
Bath Tune-Up is a stand out brand for many reasons.
- Niche market: Bath Tune-Up focuses on a specific niche within the home improvement industry. This specialization allows you to target a specific market segment and position yourself as an expert in bath renovations and tune-ups.
- High demand: Bathrooms are one of the most frequently used areas in any home or business. Over time, wear and tear, outdated fixtures, and changing preferences create a continuous demand for bathroom improvements. By opening a Bath Tune-Up business, you tap into this demand and offer a solution that addresses customers' needs for bathroom renovations without the extensive cost and time associated with full-scale remodeling.
- Cost-effective: By focusing on refreshing and enhancing existing fixtures, surfaces, and components, you can provide customers with budget-friendly options. This can be particularly appealing to customers who want to improve their bathrooms without undertaking major construction projects. Quick turnaround times can also lead to positive word-of-mouth referrals and repeat business.
- Scalability: Once you establish your business processes and build a team of skilled professionals, you can expand your operations and take on multiple projects simultaneously. This scalability allows you to grow your business, increase revenue, and potentially expand into new markets or offer additional services.
- Flexibility: As the owner of a Bath Tune-Up business, you have the flexibility to set your schedule, manage your team, and choose the projects you undertake. This freedom can be appealing to individuals who value autonomy and want to have control over their work/life balance.
Explore the Next Steps
If a future in the home services industry sounds appealing, inquire now to learn more about the benefits of joining the Home Franchise Concepts’ team as the owner of a bathroom remodeling franchise.