Kitchen Remodeling Franchise: Is it Worth It?

Business owners worth their salt wants to make sure their businesses are providing customers with what they want and need. And in recent years, what property owners want, or need, is to fix up their investments, including the kitchen. If you’ve got an interest in home improvement, then you might be interested in looking into kitchen franchise opportunities.

Paying for Quality

Any savvy entrepreneur investigates a market before they invest. If you’re wondering why now is the right time to partner with a kitchen remodeling franchise, the answer is yes. Market research shows that the global home remodeling industry, which includes kitchen remodeling, is expected to reach $1,317.5 billion by 2030, with a compound annual growth rate (CAGR) of about 4.3% from 2021 through 2030. In 2020, North America accounted for about 40% of the global market, and the current U.S. remodeling industry market size is estimated at $131 billion. All this points to a strong industry that’s continuing to expand, making it a good time for new investors to join as the market grows.

Part of what’s driving this market growth is the increasing cost of housing. Property owners are investing more in their existing buildings and homes rather than spend money on new places to live. Technology is another important factor. Not only are there new advances in kitchen appliances and other home features, but visualization apps and 3D modeling programs are making it easier for property owners to see how these upgrades would change the look and functionality of their homes.

The Target Demographics

It’s important for any investor to know their prospective customer base. When it comes to kitchen remodeling, or any sort of home remodeling, middle and upper-class homeowners are the biggest customers. This faction is generally made up of growing families, single professionals, and retirees who seek home alterations as their mobility needs change. Other potential customers include property owners looking to rent or lease property, especially those who own older houses they want to fix up. Overall, people seek to renovate their kitchens in order to make them more convenient, reflect their personal styles and tastes, meet the needs of their families, and boost the resale value of their homes.

ProSource Wholesale Offers Everything and The Kitchen Sink

While a kitchen remodeling franchise may be a good investment for you, it would be worth considering broadening your business scope beyond just one room of the average house. Kitchen remodeling is one part of a larger industry, namely home remodeling. To get the most out of your investment, you’d be well served to provide for more than just people’s kitchen needs. This may feel like it’s beyond your scope as a remodeler, but there’s a way for you to take advantage of the remodeling market without requiring the skillset to install everything a homeowner may want.

As a Prosource Wholesale franchisee, you would work directly with home renovation professionals who perform the installations themselves. Instead of having to worry about staffing contractors and taking on the responsibility of putting in new appliances, flooring, and other home features, Prosource Wholesalers are responsible for providing supplies and materials for the contractors. With our membership business model, your responsibilities would primarily include maintaining and staffing a member-accessed showroom. You won’t be required to keep regular retail business hours. You’d have limited on-site inventory and no accounts receivable. As a franchisor, we offer support with store opening, site selection, marketing, recruiting, training, merchandising and more.

If ProSource Wholesale sounds like the kitchen and bathroom franchise you want to join, then submit an application form today!