3 Facts about the Home Improvement Industry and Their effect on Franchising

Sep 15, 2022 | Franchising

 

Many investors want to join the home improvement industry. This is a growing industry, with in-demand services that have been proven over time to be recession and pandemic resistant. Here are some facts about the home improvement industry and how Color World Painting sets you up for success in the industry.

 

Fact 1: The industry is worth $538 billion 

Since Covid-19 the industry has been booming. In 2021, Americans have spent the most on home improvements than they ever had in the years before.

How Color World Benefits: Color World Painting provides 5 different businesses in one to maximize earning potential as a franchise owner. By providing painting, holiday lighting, carpentry, gutter installation, and power washing franchise owners get to capitalize on many services in the huge industry.

 

Fact 2: The number of painters has increased by 2.99%

Over 223,223 painters currently employed in the United States are more likely to work at private, smaller companies rather than large ones.

Franchising Effect: When opening your own painting business with Color World Painting, you can opt to open with 0-2 employees by hiring contractors.

 

Fact 3: 76% of American homeowners did a home improvement project in 2020.

 

The home improvement industry is a recession and pandemic-resistant business. With an average home being built in 1980, there is a high demand for home improvement projects.

Franchising effect: With Color World Painting, you can offer multiple services to your clients and become a household name in your community. Our buying power and partnerships will maximize your profits with every job.

 

To learn more about how Color World Painting, click here.

FILTER BY CATEGORY
RECENT POSTS

What is the cost of franchising in the painting industry?

  To get started in investing in the painting industry, especially with Color World Painting you must first understand what it means to franchise. In franchising, there is an FDD, Franchise Disclosure Document, which is a legal document that must be given to...

How to be a semi-absentee owner in a painting franchise

  Have you been looking for your next investment as an entrepreneur? Look no further! Being a semi-absentee owner of a painting franchise is perfect for you. This means having full ownership of the company but not being involved in the day-to-day operations and...

Color World Painting is Celebrating Diversity in Franchising

  Color World Painting understands that franchising is a world of community, relationships, people, and education. In recent years Color World is putting an emphasis on providing an inclusive and diverse business ownership model.   According to the U.S...

The Benefits of a Franchise with Multiple Revenue Streams

    When being an entrepreneur, picking the perfect business is the most important decision. Many business opportunities are seasonal or offer only one product or service. Multiple revenue streams are essential in any franchise. Color World Painting stays at...

Growth of Women in a Painting Franchise

  While historically men have dominated the business space with almost 80.1% being male, and 19.9% female. In 2022 the numbers are starting to grow. Today, women entrepreneurs who are starting to own franchises are opening 1 out of every 3 franchise...

How to start a Painting Business in 2022

Have you ever dreamt of being your own boss? Being able to go to work whenever you wanted, or just own a business and let your money work for you not you work for it? That is exactly why people, like you, go into franchising. Specifically, the lucrative, painting...

How to be an Entrepreneur in a Painting Franchise

  Starting your own business can be intimidating. How will you know if your business plan will work? Are you worried about not having enough experience? Most entrepreneurs who chose to start their first business often chose to franchise. Why? Franchising...

Color World Housepainting Now Open

Color World Housepainting is now expanding to Winter Garden, Florida opening in early August. The new business looks to take advantage of the pandemic-induced renewed interest in home improvement renovations and will be opened by local partners Giovanny Longan and...

RECENT POSTS

What is the cost of franchising in the painting industry?

What is the cost of franchising in the painting industry?

  To get started in investing in the painting industry, especially with Color World Painting you must first understand what it means to franchise. In franchising, there is an FDD, Franchise Disclosure Document, which is a legal document that must be given to...

How to be a semi-absentee owner in a painting franchise

How to be a semi-absentee owner in a painting franchise

  Have you been looking for your next investment as an entrepreneur? Look no further! Being a semi-absentee owner of a painting franchise is perfect for you. This means having full ownership of the company but not being involved in the day-to-day operations and...