6 Key Benefits of Owning a Home Improvement Franchise

It’s hard to overstate the benefits of choosing a home improvement franchise over starting an independent business. Starting any business comes with inherent risks, but franchising reduces those risks significantly. While 20% of new independent businesses fail during their first two years, 92% of franchises survive. The franchise model is designed to help business owners find success, and the proof is clear.

So, what benefits can you expect when you open a home improvement franchise? Let’s take a closer look.

Notable Home Improvement Franchise Benefits                                                                                                              

1. Proven Business Model

The number one reason to choose a home improvement franchise is your franchisor’s business model. There’s a significant amount of legwork that goes into opening a small business, including market research, financial and operations planning, company organization, and determining the products and services you’ll provide. With franchising, all of that work has been done for you. Over time, your franchisor has learned what works and what doesn’t, and they’ve refined their business model accordingly. The result is a turnkey plan that gives you time to focus on what really matters: building your business.

2. Brand Recognition

Many new business owners worry about building their customer base. Even if you’ve done the market research to prove the community will support your business, it can still be difficult to differentiate yourself from the competition. Buying an established home improvement franchise sets you up for success. While the brand may be new to your area, consumers will have heard of it before and be eager to try it out themselves. Brands that have already earned the trust of other communities allow new customers make a confident choice. 

3. Ongoing Resources and Support

All reputable franchisors provide initial training, which gives you the knowledge and skills you need to get your home improvement franchise up and running. What you may not realize is that support from your franchisor lasts throughout your relationship with them. Your franchisor is likely to offer robust support to help you grow, including continuing education, regular meetings and conferences, and business coaching. You’ll also be able to network with other owners in the franchise system, which is a truly invaluable resource.

4. Marketing Assistance

Developing a comprehensive marketing plan can be an overwhelming task. Most franchisors, including The Tailored Closet, help franchisees effectively get the word out by providing high-level marketing assistance. In general, you can expect your franchisor to share strategies, best practices, and tips. Others provide additional support in the form of personalized marketing plans, website development, digital marketing strategies, and toolkits built specifically for your community.

5. Proprietary Systems

No matter what part of the home improvement industry you would like to enter, running your business will inevitably involve the use of technology you aren’t familiar with. As an independent business owner, you would be responsible for not only choosing these systems, but also training yourself to use them. Franchises take the guesswork out of business technology. They will provide you with preferred or proprietary systems for customer management, payroll, and human resources, as well as the design software you’ll need to provide their services. You’ll receive thorough instruction on all systems during your training, and if you ever need a refresher, the home office is happy to help.

6. Industry Expertise

There’s a lot that goes into running a home improvement franchise. New franchise owners are often comfortable with the leadership and management roles they play, but finding your way in an industry that’s new to you can be a real challenge. Your franchise makes the transition seamless. Franchisors have extensive industry knowledge that won’t just teach you the basics; it will also keep you ahead of trends. In addition, you’ll benefit from vendor relationships and an established supply chain that keep your inventory full of sought-after brands. 

The Tailored Closet: One of the Best Home Improvement Franchises

Closet organizer franchises like The Tailored Closet are a smart way to invest in the home improvement industry. The Tailored Closet goes beyond closet organization to provide our clients with custom storage solutions that make their spaces beautiful and functional. Our franchisees receive best-in-class support, systems, and technology that help them stand out and succeed.

Is it time to start your journey with The Tailored Closet? Inquire now and one of our franchise advisors will be in touch with more information.