Quick Info on the Home Services Industry
- Home service franchises cover a broad spectrum of tasks and jobs. Services such as decoration, renovation, landscaping and cleaning constitute categories within the home services industry.
- Handyman Services are the top grossing categories within the industry, bringing in about $5 billion in revenue each year with an annual growth rate of 8.1 percent.
- In 2014, flooring services brought in more than $19.5 billion with renovation, repair, and new installments.
- Kitchen remodels are among the most popular renovation projects at the moment, driving other services (such as plumbing) in the industry.
- As with the auto industry, customers are more likely to trust an established franchise for their home services.
- Homeowners will always seek to outsource work around the home that they are either incapable of completing or too busy to take on. Thus, there will always be a demand for home industry services.
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