Starting a business in the home repair industry can be a rewarding opportunity, but with so many options available, how do you choose the right one? Whatever your interests – maintenance, landscaping, remodeling, or restoration projects – the right franchise opportunity is out there.
Why a Home Repair Franchise Is a Good Investment
Owning a home repair or maintenance franchise is seen as a lucrative investment due to the industry’s consistent growth. Originally valued at $342 billion in 2022, the market is expected to see a compound annual growth rate (CAGR) of 6.7% from now until 2030. By the end of the forecast period, it’s estimated the market will have amassed a revenue of $575.5 billion.
With strong growth on the horizon, now is the perfect time to venture into the home improvement industry. By partnering with a reputable franchise, you'll gain access to a proven business model, operational support, marketing assistance, and more, all designed to help your business thrive.
Best Home Repair Franchises to Invest In
The home repair and maintenance industry is vast, encompassing many different opportunities. Below are some of the stronger franchise types to consider:
- Handyman franchises: Handyman services cover a variety of repairs, upgrades, and general maintenance for both residential and commercial properties. Home and business owners alike depend on reliable handyman services for quick fixes and ongoing upkeep, making this type of franchise a versatile option for aspiring franchise owners who consider themselves jack-of-all-trades.
- Landscaping and lawn care franchises: More than just providing lawn care services, these franchises also offer essential year-round amenities including gardening services and seasonal cleanup. These franchises offer a wide range of services, from lawn mowing to landscape design, catering to diverse customer needs and enjoying consistent revenue streams year-round.
- Home maintenance franchises: Home maintenance businesses focus on providing essential services like HVAC, plumbing, and electrical work. Investing in this type of franchise typically involves low startup costs and offers the potential for recurring revenue, as satisfied customers often rely on these services long-term.
- Home remodeling franchises: Specializing in high-demand areas such as kitchens, bathrooms, and basements, home remodeling franchises help homeowners significantly increase the value of their property. For those passionate about design and construction, this type of franchise provides the perfect opportunity to turn creativity into profit.
- Restoration franchises: Restoration franchises offer services that are essential in emergencies. These services – including water and fire damage restoration, mold remediation, and storm recovery – help communities rebuild quickly after disasters. Restoration franchises are also considered recession-resistant since these services are always needed in times of crisis.
Why Franchise with Lightspeed Restoration?
Backed by a home services industry leader, Home Franchise Concepts, Lightspeed Restoration franchisees receive direct guidance from long-time professionals who are committed to the growth of your business. Franchise partners also gain access to our proven business model, comprehensive education, and ongoing support, complete with hands-on training at our state-of-the-art IICRC-approved flood house.
With Lightspeed Restoration, you’ll own more than just a water damage franchise. Our franchise partners can handle indoor air quality issues, mold remediation, fire damage restoration, contents recovery services, and reconstruction. With such a wide range of services available, our franchisees can build multiple revenue streams, ensuring their businesses thrive.
To learn more about our franchise opportunities, request information today. Once we’ve received your inquiry, one of our franchise advisors will be in touch.