10 Best Home Remodeling Franchise Opportunities 2024

In the past few years, there has been a very high rise in the demand for home remodeling services, and if you are thinking of investing in this niche, then this guide on 10 best home remodeling franchise opportunities is just what you need.

As per Global Market Insights, the home improvement industry is expected to reach $450 billion in the U.S. by 2027. As such, this is a great time to enter this industry.

So let us look at the 10 best options that we have found for you and compare them on the basis of their investment, franchise fee, cost, features, etc.

10 Best Home Remodeling Franchise Opportunities

10 Best Home Remodeling Franchise Opportunities 2024

1. Fresh Coat

Fresh coat
Founded2004
Franchising Since2005
Estimated Outlets170+
Initial Investment$66,150 – $96,250
Franchise Fee$44,900
Liquidity$50,000
Royalty FeeN/A

Founded in 2004, Fresh Coat is a low-investment, low-overhead remodeling franchise opportunity with unlimited potential for growth.

The company offers painting services for residential and commercial clients along with additional services such as fence painting, ceiling removal, power washing, etc.

The franchisor offers training, support, and marketing help to the eligible candidates. So, within just three-six months of applying, you can have your own successful home remodeling business.


2. Bath Tune-Up

Bath Tune-Up
Founded1988
Franchising SinceN/A
Estimated OutletsN/A
Initial Investment$104,930 and $158,850
Franchise Fee$64,950
Liquidity$68,930
Royalty FeeN/A

Bath Tune-Up is a leading home improvement company that specifically offers all kinds of kitchen remodeling services. This company is also a part of Home Franchise Concepts (HFC), which is the world’s largest franchising system in the home improvement niche.

To be eligible for this franchise, you need liquid cash of $68,930 and an investment of $104,930 – $158,850. If you are short on capital, then you should know that the franchisor offers financing of up to $36,000 to qualified candidates. They also offer different kinds of financing options.

And if you are a veteran, then you can enjoy a 15% discount off the franchise fee. Bath Tune-Up also provides a 4-week pre-training online course followed by 9-day training and all kinds of support to get you started.


3. The Tailored Closet

The Tailored Closet
Founded2006
Franchising SinceN/A
Estimated Outlets200+
Initial InvestmentUp to $155,220
Franchise Fee$74,950
Liquidity$111,220
Royalty Fee4% – 7%

With nearly 200 territories across North America, The Tailored Closet is a leading full-service home improvement company. This franchise was even awarded in the top 100 global franchise list by Entrepreneur magazine.

If you are looking for a home improvement franchise option that offers a lot of flexibility and allows you to work as per your schedule, then this is the best option for you.

The franchisor offers territory protection so that no other Tailored Closet franchisee services in your area. Additionally, the franchisor also offers in-house financing and 15% off on the franchise fee to eligible veterans, making it an even attractive franchise opportunity.


4. Cabinet IQ

Cabinet IQ
Founded2016
Franchising SinceN/A
Estimated OutletsN/A
Initial Investment$189,450 to $288,800
Franchise Fee$59,500 (included in initial investment)
Liquidity$50,000
Royalty Fee6%

Cabinet IQ is a fantastic kitchen and bath remodeling franchise opportunity in the home improvement niche.

From industry-leading marketing programs to regular training sessions, the franchisor offers all the help to the eligible candidates.

To be eligible, you must have a minimum net worth of $100,000 and a credit score of 700, along with meeting the other financial criteria.

The best part is, unlike any other franchisor, Cabinet IQ offers 20% off on the initial franchise fee to eligible veterans. If you are looking to get into the kitchen and bath remodeling business niche, then this is your best option for that.


5. Screen Mobile

Screen Mobile
Founded1980
Franchising Since1984
Estimated Outlets148+
Initial Investment$165,700 – $226,700
Franchise Fee$49,500
LiquidityN/A
Royalty Fee7%

Founded in 1980, Screen Mobile is known for offering screen repair and installation services for patios, porches, windows, etc.

If you are looking for a unique franchise opportunity within the home-remodeling niche, then Screen Mobile is the best option for you.

The franchisor offers a $3,500 discount on the franchise fee to eligible veterans. Since this is a low-investment franchise, you do not have to worry about renting a brick-and-mortar office. The franchisor will provide you with a truck with all the necessary tools.

Apart from this, you will also get 10 days of training and ongoing support, ensuring that your new business is set up easily.


6. Floor Coverings International

About Floor Coverings International
Founded1988
Franchising Since1988
Estimated Outlets250+
Initial Investment$154,400 – $341,000
Franchise Fee$90,000
Liquidity$50,000
Royalty Fee5%

Founded in 1988, Floor Coverings International franchise is the most significant flooring franchise in the U.S. and Canada. The company is known for offering laminates and floorings of different kinds.

With an annual gross revenue of $1,180 809, this is one of the most lucrative home-remodeling franchises to invest in, and you can buy it for as low as $154,400.

The eligible candidates receive six weeks of pre-training, 5 days plus 90 days of HQ training, and on-the-job support so that you are all ready to run your business.


7. Ace Hardware

Ace Hardware
Founded1924
Franchising SinceN/A
Estimated Outlets5,000+
Initial Investment$579,000 – $1,900,000
Franchise Fee$5,000
Liquidity$250,000
Royalty FeeNo royalty fee

Ace Hardware was founded in 1924 and is one of the oldest and most popular hardware and home improvement franchises.

The company offers a plethora of services such as glass cutting, carpet cleaning, screen repair, handyman services, etc.

With Ace Hardware, you can either turn your existing business into a franchise or buy a new one completely.

This franchise opportunity is quite profitable, and the franchisor does not charge ongoing franchise or royalty fees. However, the investment cost of the Ace Hardware franchise is quite high.


8. Gotcha Covered

Gotcha Covered
Founded2009
Franchising SinceN/A
Estimated OutletsN/A
Initial Investment$100,000 – $122,000
Franchise FeesN/A
Liquidity$150,000
Royalty FeesN/A

Gotcha Covered is known for offering window, blind, and shutter services in the home remodeling niche. This is a low-investment, low-risk, and low-overhead franchise opportunity with a good money-making potential.

So if you are looking for an affordable home improvement franchise that can allow you a good work-life balance and the ability to work from your home, then this is the best option for that.


9. Fibrenew

Fibrenew
Founded1985
Franchising Since1987
Estimated Outlets300+
Initial Investment$97,825
Franchise Fees$47,000
Liquidity$30,000
Royalty FeesNo royalty

Founded in 1985, Fibrenew is a home improvement franchise opportunity that specializes in repairing and restoring leather, plastic, upholstery, vinyl, fabric, etc.

Fibrenew is a unique low-investment business with continuous demand.

The franchisor offers third-party financing help along with training and ongoing support to get you started.

For those who are looking for an affordable and unique home improvement business, Fibrenew franchise could be a great option.


10. Mr. Handyman

Mr. Handyman
Founded1996
Franchising Since2000
Estimated Outlets257+
Initial Investment$117,500 – $154,100
Franchise Fees$63,000
Liquidity$50,000
Royalty Fees7%

Mr. Handyman is a leading home improvement franchise known for offering several repair and home maintenance services.

The franchisor offers 20% off the initial franchise to eligible veterans, third-party financing options, and great work-life balance opportunities.

The best thing about Mr. Handyman’s franchise is the flexibility it offers. You can control things and work as per your own schedule while owning this franchise, which is not very common.


Comparison Of 5 Best Home Remodeling Franchise Opportunities

CompanyFoundedOutletsFranchise FeeInitial Investment Royalty Fee
Fresh Coat2004170+$44,900$66,150 – $96,250N/A
Bath Tune-Up1988N/A$64,950$104,930 – $158,850N/A
The Tailored Closet2006200+$74,950Up to $155,2204% – 7%
Cabinet IQ2016N/A$59,500$189,450 – $288,8006%
Screen Mobile1980148+$49,500$165,700 – $226,7007%

When Should You Choose A Home Remodeling Franchise?

Before you invest in a home remodeling franchise, you must ask yourself these questions:

Can I work with partial control over my business?

When you invest in a home remodeling franchise or any franchise, you do not get complete control over the business operations and decision-making.

Things such as your working hours, marketing strategy, services you offer, etc., are all dictated by the franchisor.

Since you are getting a ready-made business, this is the price that you would have to pay. So make sure you are okay with this thing when investing in a franchise.

Do I mind sharing my profits?

Another downside of buying a franchise is that each month, you are required to pay a royalty or marketing percentage that usually ranges from 2% to 10% of your gross sales.

This means you will be paying a good part of your profits to the franchisor for working under their brand name. Get into a franchise business only if you are okay with this concept.

Do I have the needed investment?

Although the investment in a home remodeling business is not that high, you might consider the capital required to open a certain franchise.

Some options will cost you less, while others will cost you more. Compare the profits, return on investment, and failure rate to determine if the franchise is worth the cost or not.


Things You Need To Know Before Choosing A Home Remodeling Franchise

Here are some key points to take note of when buying a home remodeling franchise:

Services

Home remodeling is a wide umbrella under which a lot of services fall, including bath or kitchen remodeling, flooring, painting, etc.

Now, some companies offer all of these services, while others specialize only in a few. So you must consider all the services and see what exactly are you looking for.

Since this is going to be a long time commitment, we encourage you to make this decision wisely.

Training and Support

Home remodeling businesses need you to have certain skills and experience, and if you don’t have it, then consider choosing a franchise that offers the needed training and support to you. This will help you to carry out your new business with ease and confidence.

Financing Help

Different franchisors offer different kinds of financing support, discounts, etc.

If you are short on money, then consider all options and look for a home remodeling franchise that offers in-house or third-party financing help. This will allow you to start your business without worrying about the money.


Wrap Up

Home remodeling is a great industry, especially with so many home owners trying to revamp their houses every now and then.

There are so many great options that you can buy. You can choose either to buy a home remodeling franchise that offers specialized services or one that offers a full range of services.

The 10 best home remodeling franchise opportunities that we have listed in this guide are all great. So, you can choose the franchise that you can relate to the most and start the business of your dreams in no time.


FAQ’s

How Much Does A Home Remodeling Franchise Cost?

According to the options mentioned in this guide, a home remodeling franchise can cost you anywhere between $66,150 to $1,900,000. The cost here can vary depending on the franchise brand you choose.

How Much Can I Make From A Home Remodeling Franchise?

The earnings from a home remodeling franchise vary from one brand to another. However, on average, you can expect to make $50,000 to $300,000+ a year in revenue.

Is Home Remodeling Business Profitable?

Yes, the home remodeling business is quite profitable with profit margins ranging from 19%-20% on average.

Which Is The Cheapest Home Remodeling Franchise To Own?

As per the franchise options mentioned in this guide, Fresh Coat is the cheapest home remodeling franchise to own, with an investment starting at $66,150, followed by Fibrenew, with an investment starting at $97,825.

Leave a Comment