Maintenance Service Franchises Franchises
The maintenance service franchising sector is enjoying a growth spurt, with the housing market accelerating to support demand. The industry is wide and varied enough to cater to an array of franchisor interests, from home cleaning and janitorial services to handymen enterprises.
The handyman service sector is responsible for $1 billion in revenue each year in the USA alone. In 2014, it was growing by 3.5%, but this is expected to improve before 2019. If you prefer the auto maintenance sector, you’ll share what has become a $16 billion a year industry. This sector has already matured, which means it’s far more segmented, with body and paint shops, transmission repair and oil change businesses being the largest. Building maintenance is also a high demand industry currently, and it’s expected to grow by 4.3% before 2017.
Franchise business forecasts have predicted that the industry will grow faster than the economy in 2016, as it has for the last six years. There’s a reason this sector is enjoying so much growth: maintenance franchising works. It gives entrepreneurs the opportunity to immerse themselves in a field they love even if they don’t have niche marketing or management qualifications. The support of an existing infrastructure is wonderful for those who have a natural head for business. In fact, that support is so helpful that less than 5% of franchising outlets fail each year. In contrast, 60% of non-franchise businesses were shut down within their first six years. A franchise gives you a concept that has already had time to prove its value on the market, and if you’re passionate about service delivery, you’ll stand an even better chance of succeeding in this part of the market.
The maintenance service franchising market might be perfect for you if you want to get involved in something as specialized as property maintenance, but if you prefer something less specialized, a cleaning and janitorial maintenance franchise might be a better fit. If DIY is what thrills you, there are plenty of opportunities in this corner of the market.
The service sector is rewarding for people who love people. The working conditions vary enormously depending on the type of franchise you choose, and this gives you the chance to create precisely the kind of work environment you’ll enjoy.
Interested in becoming your own boss and taking advantage of the exciting maintenance service sector’s growth? Contact us for guidance today.