Home Services Franchises: 4 Opportunities to Invest
The home services industry generated more than $657 billion in direct spending in the U.S. alone in 2022. The industry also employs more than 6.1 million people, so it’s not surprising that home service franchises are popular. If you’re looking to purchase a home services franchise to build your business portfolio, here are some of your options. They vary from low-entry franchises to those that are more niche-oriented, like Accurate Leak and Line.
Owing a Home Services Franchise
Home services franchises exist in many areas, but we chose four that cover a spectrum of opportunities in the industry:
- House cleaning
- Appliance repair
- Home repair
- Plumbing
For some of these, you may need certifications or licenses to perform the work, but you may not need them to own the business. As the franchise owner, you can manage the people who perform the work while focusing on business development areas such as marketing, customer service, and business growth initiatives.
House Cleaning Franchise
The house cleaning industry is substantial, with a reported 345,000 residential cleaning businesses in the U.S. as of 2023. And those numbers don’t include the people with an unreported side hustle. The good news and bad news about house cleaning are that it has a low barrier to entry. That means you don’t need any special skills to perform the work, so your recruiting pool is larger. However, you should also expect high turnover as people could leave for other, less labor-intensive jobs. You must keep employees pretty busy in this line of work to drive the income levels you’re looking for as an owner. However, the work is usually recurring and scheduled, which is an asset.
Appliance Repair Franchise
While not as low an entry as house cleaning, the appliance repair business doesn’t necessarily require a licensed repair person, but rather someone who can fix a lot of different types of appliances. Those people may be hard to find, but with your franchise training, you can probably find them.
IBISWorld reports that the focus here is more towards smaller establishments as they are more able to compete, and that can be good for a small business franchise. Just remember, unlike cleaning, once an appliance is repaired, you’re on the lookout for more customers. A lot of your time as the owner will be spent on lead generation.
Home Repair Franchise
Not surprisingly, there are half a million businesses in the home repair industry, again not counting the unreported side hustles. Many people need a good home repair person, especially as homes are aging. However, if you’re going to own the business and have others do the work, you should look for a franchise that offers multiple revenue streams. Depending on the franchise, a license may be needed to do repair work, enabling you to charge a higher rate for licensed professionals, and it automatically elevates your value to the customer.
Plumbing Franchise
A plumbing franchise is likely going to require licensed plumbers to do the work, but you don’t have to be a plumber to own the business. Instead, you manage a team of professionals who work at a higher rate due to their specialized training. With Accurate Leak and Line, we’re a plumbing franchise that offers a niche market in the plumbing industry: underground diagnostics and repair. Our franchise provides non-destructive trenchless pipe repair as a cost-efficient alternative to sewer or water system replacement. We also offer traditional excavation and replacement solutions.
Choose Accurate Leak and Line as Your Franchise
Emergency services are not discretionary services, and that helps set our franchise opportunity apart from other plumbing and home services franchises. With only 113,000 plumbing businesses in the U.S., few are focused on specialized services like ours, which only increases your business ownership value. Not all plumbers want the responsibility of running a business, even though in most cases, that’s who is the business owner. The Accurate Leak and Line franchise offers an opportunity to be in an ownership role that is almost always unavailable for non-licensed professionals.
Let’s Talk about This Plumbing Franchise
Own a part of the home services industry with an Accurate Leak and Line franchise. Submit our franchise inquiry form so our franchise development team can contact you for further conversation.
